When, by an agreement with the assured or by the terms of a fire insurance policy taken out by a mortgagor, the whole or any part of the loss thereon is payable to the mortgagee or mortgagees of the property for their benefit, the company shall, upon satisfactory proof of the rights and title of the parties, in accordance with such terms and agreement, pay all mortgagees protected by such policy in the order of their priority of claim, as their claims shall appear, not beyond the amount of which the company is liable. Such payments shall be, to the extent thereof, payments and satisfaction of the liabilities of the company under such policy.
Miss. Code Ann. § 83-13-7
Mortgagees protected in order of priority
Applied in 5 court decisions — leading case 527 So. 2d 632 - McGory v. Allstate Ins. Co. (1988)
Most recently applied in Southern Mississippi Planning & Development District v. Alfa General Insurance (July 2001)
Codes, 1892, § 2338; 1906, § 2595; Hemingway’s 1917, § 5059; 1930, § 5184; 1942, § 5694.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.