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SB 2701

Mississippi - Session 2026

Senate failed 2026-02-11
Bill Details

Title: Insurance Fraud Detection Act; establish trust fund to assist Mississippi Insurance Department in cyber fraud.

Summary

AN ACT TO CREATE THE INSURANCE FRAUD DETECTION ACT; TO CREATE THE INSURANCE DEPARTMENT FRAUD DETECTION TRUST FUND; TO AMEND SECTION 83-2-33, MISSISSIPPI CODE OF 1972, TO RENAME THE INSURANCE DEPARTMENT FUND TO THE INSURANCE DEPARTMENT FRAUD DETECTION TRUST FUND, TO INCREASE THE TOTAL CONTRIBUTIONS FROM $750,000.00 TO $1,000,000.00 ANNUALLY, TO REMOVE THE REQUIREMENT THESE MONIES BE DEPOSITED IN THE GENERAL FUND; TO AMEND SECTION 83-5-72, MISSISSIPPI CODE OF 1972, TO RENAME THE INSURANCE DEPARTMENT FUND TO THE INSURANCE DEPARTMENT FRAUD DETECTION TRUST FUND, TO INCREASE THE TOTAL CONTRIBUTIONS FROM $750,000.00 TO $1,000,000.00 ANNUALLY, TO REMOVE THE REQUIREMENT THESE MONIES BE DEPOSITED IN THE GENERAL FUND; AND FOR OTHER RELATED PURPOSES.

Sponsor
J. Walter Michel
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-19 Introduced Bill introduced
2026-02-11 Status failed
2026-02-11 Latest Action (S) Died In Committee
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