Bill > HB71

This bill requires property and casualty insurance companies operating in Mississippi to withhold up to 90% of an insurance claim payment for blighted real property until the property owner has cleaned up the blighted property. Blighted property typically refers to abandoned, neglected, or severely deteriorated real estate that negatively impacts the surrounding neighborhood. The remaining 10% of the claim payment can be covered by the county or municipality where the property is located. The Commissioner of Insurance is tasked with enforcing this new requirement and developing any necessary rules and regulations to implement the law. The bill is set to take effect on July 1, 2025, giving insurers and local governments time to prepare for the new requirements. The goal appears to be incentivizing property owners to maintain and improve their properties by tying insurance claim payments to property maintenance and rehabilitation.

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https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0071.xml