The reason, Mississippi law currently allows an exemption for hunting and fishing camps from meeting building codes, including flood plain regulations. FEMA is saying not anymore and if lawmakers don’t change the law by May 5th, Mississippi will no longer be part of the National Flood Insurance Program which could hang Mississippians out to dry.
“Everybody will lose their flood insurance. There will be no flood insurance after May 5th unless we address their concerns,” said Rep. Gary Chism of Columbus.
To help address the issue, Chism, chairman of the house insurance committee, submitted legislation to take out the hunting and fishing camp exemption, not because he wants to do, but because countless homeowners would be affected if it doesn’t happen.
“I bet you half the state would have a mortgage that’s with a national bank and they would have to have flood insurance or they would be in violation of their mortgage,” said Chism.