Insurance premium tax; exempt property and casualty policies covering school districts.

HB 1689 exempts property and casualty insurance premiums paid by Mississippi school districts from the state's 3% insurance premium tax. This change applies to both foreign and domestic insurance companies writing coverage for school districts. The bill amends two tax sections (27-15-103 for foreign insurers and 27-15-109 for domestic insurers) to exclude these specific premiums from taxable income. The exemption directly affects school districts by reducing their insurance costs, effective July 1, 2026.