Bill

Bill > SB2690


MS SB2690

MS SB2690
Property and casualty insurance; require blighted real property to be cleaned up before insurer pays insured certain damages.


summary

Introduced
01/19/2026
In Committee
01/19/2026
Crossed Over
Passed
Dead
02/03/2026

Introduced Session

2026 Regular Session

Bill Summary

An Act To Require Property And Casualty Insurers To Require Blighted Real Property To Be Cleaned Up Before Paying More Than One-fourth Of The Damages Owed; To Require The Commissioner Of Insurance To Enforce The Provisions Of This Act And Adopt Any Rules Or Regulations Necessary; And For Related Purposes.

AI Summary

This bill requires property and casualty insurance companies in Mississippi to ensure that any blighted real property, meaning property that is neglected and in a state of disrepair, is cleaned up before they pay out more than one-fourth of the total damages owed to the policyholder. The Commissioner of Insurance, who is the state official responsible for overseeing insurance companies, will be in charge of enforcing this new rule and can create any necessary regulations to make it happen, with the law taking effect on July 1, 2026.

Committee Categories

Business and Industry

Sponsors (2)

Last Action

Died In Committee (on 02/03/2026)

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