Insurance premium tax; exempt insurance carriers furnishing services to governmental entities.

HB 868 exempts insurance premiums paid by governmental entities from Mississippi's 3% annual privilege tax on insurance carriers. The bill amends Sections 27-15-103 (for foreign carriers) and 27-15-109 (for domestic carriers) to exclude premiums for coverage provided to state agencies, departments, institutions, or political subdivisions. This means insurance companies serving government entities - like state agencies, counties, or school districts - will not pay the standard tax on those specific policies. The exemption applies to all premiums collected for government coverage under existing insurance contracts. The bill does not change insurance coverage terms or affect premiums paid by individuals or private businesses.