Senate Bill 2467

Senate Bill 2467 Senate Bill 2467 amends Section 83-34-4, to require for one (1) year beginning July 1, 2018, that Four Million Five Hundred Thousand Dollars ($4,500,000.00) derived from the nonadmitted policy fee be deposited into the Rural Fire Truck or Supplementary Rural Fire Truck Fund, and One Million Five Hundred Thousand Dollars derived from the nonadmitted policy fee be deposited into the Capital Expense Fund, before any monies are forwarded to the Mississippi Windstorm Underwriting Association (“MWUA”).