Insurance; revise the hurricane deductible.

HB 1479, if enacted, would require homeowners' insurance policies covering one- or two-family owner-occupied homes in Mississippi (issued or renewed after January 1, 2026) to apply hurricane and named-storm deductibles annually per calendar year, rather than per storm. This means policyholders would only pay one deductible for all hurricane-related claims within a single year, not separate deductibles for each storm. Insurers must provide clear, written forms detailing deductible amounts (as percentages or fixed sums) to policyholders, with updated forms required if deductible terms change. The bill directly affects Mississippi homeowners with these specific insurance policies and aims to simplify deductible application during hurricane seasons.