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SB 2366

Mississippi Senate bill in Session 2026.

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

Homeowners insurance limits; require no less than 20% in cases of total loss.

Bill ID MS-2026-SB-2366
Session 2026
Status failed
Committee Insurance
Senate failed 2026-02-03
Insurance / Consumer Protection
Summary

AN ACT TO REQUIRE INSURANCE COMPANIES TO PAY NO LESS THAN TWENTY PERCENT OF THE POLICY LIMITS FOR THE DWELLING WHEN THERE IS A TOTAL LOSS; TO ALLOW THE INSURED TO RECOVER ADDITIONAL AMOUNTS BY FILING A CLAIM; TO PROVIDE A DEFINITION FOR TOTAL LOSS AS IT RELATES TO THIS ACT; TO PROVIDE THAT THE COMMISSIONER OF INSURANCE MAY PROMULGATE RULES AND REGULATIONS; AND FOR RELATED PURPOSES.

Sponsor
Chad McMahan
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-19 Introduced Bill introduced
2026-02-03 Status failed
2026-02-03 Latest Action (S) Died In Committee
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