Property insurance; authorize appraisal panel to determine value of property and amount of loss, including issues of causation.

HB 992 would have required all property insurance policies in Mississippi to include a mandatory appraisal process when insurers and policyholders disagree on the value of property damage or the amount of a loss. If invoked, an independent panel of appraisers (selected by each party, with an umpire if needed) would decide disputed issues like repair costs, damage scope, and building code compliance - though courts would still handle coverage or liability questions. The bill, which died in committee on February 3, 2026, was intended to take effect July 1, 2026, but never became law. It directly affects property insurance policyholders and insurers in Mississippi by establishing a standardized dispute resolution mechanism for loss valuation.