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HB 986

Mississippi House bill in Session 2026.

Status: failed. Latest action: February 3, 2026.

Insurance Department Fraud Detection Trust Fund; rename Insurance Department Fund and redesignate as a special fund.

Bill ID MS-2026-HB-986
Session 2026
Status failed
Committee Insurance
House failed 2026-02-03
Summary

AN ACT TO CREATE THE INSURANCE DEPARTMENT FRAUD DETECTION TRUST FUND AS A SPECIAL FUND IN THE STATE TREASURY; TO AMEND SECTIONS 83-2-33 AND 83-5-72, MISSISSIPPI CODE OF 1972, TO RENAME THE INSURANCE DEPARTMENT FUND AS THE "INSURANCE DEPARTMENT FRAUD DETECTION TRUST FUND"; TO INCREASE THE MAXIMUM CONTRIBUTIONS FROM PROPERTY AND CASUALTY INSURANCE COMPANIES, LIFE, HEALTH AND ACCIDENT INSURANCE COMPANIES, AND HEALTH MAINTENANCE ORGANIZATIONS WHICH MAY BE DEPOSITED INTO THE SPECIAL FUND; TO DELETE THE REQUIREMENT THAT MONIES COLLECTED FROM THESE COMPANIES BE DEPOSITED INTO THE STATE GENERAL FUND AND THAT EXPENSES OF THE DEPARTMENT OF INSURANCE BE DEFRAYED BY STATE GENERAL FUND APPROPRIATIONS; AND FOR RELATED PURPOSES.

Sponsor
Lee Yancey
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-16 Introduced Bill introduced
2026-02-03 Status failed
2026-02-03 Latest Action (H) Died In Committee
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