Miss. Code Ann. § 83-53-5 — Permissible forms of insurance

Credit life insurance and credit disability insurance shall be issued only in the following forms:

Individual policies of life insurance issued to debtors on the term plan;

Individual policies of disability insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and

Group policies of disability insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

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.