Insurance Department Fraud Detection Trust Fund; rename Insurance Department Fund and redesignate as a special fund.

HB 986 renames Mississippi's existing "Insurance Department Fund" as the "Insurance Department Fraud Detection Trust Fund" and redesignates it as a dedicated special fund in the state treasury. The bill requires property/casualty insurers and life/health insurers/HMOs to pay annual assessments based on their Mississippi premiums (with a $100 minimum per company) into this fund, capping total annual contributions at $1 million. Funds must be used exclusively for fraud detection tools (including AI, cybersecurity, and arson investigations), and unspent balances or interest cannot revert to the general fund. This directly affects all insurance companies operating in Mississippi that sell property/casualty, life, health, or accident policies.