Chapter
Mississippi Creditor-Placed Insurance Act
- Miss. Code Ann. § 83-54-1— Purpose of chapter
- Miss. Code Ann. § 83-54-3— Application and construction of chapter
- Miss. Code Ann. § 83-54-5— Definitions
- Miss. Code Ann. § 83-54-7— Effective date and termination date of coverage
- Miss. Code Ann. § 83-54-9— Insurance premiums
- Miss. Code Ann. § 83-54-11— Exclusions from coverage
- Miss. Code Ann. § 83-54-13— Evidence of insurance coverage
- Miss. Code Ann. § 83-54-15— Policy forms, certificates of insurance, and schedules of premium rates to be filed with Commissioner of Insurance; disapproval of forms or schedules; schedules not to be excessive, inadequate, or unfairly discriminatory; withdrawal of approval of approved forms or schedules; approved forms and schedules deemed to be in compliance with laws of the state
- Miss. Code Ann. § 83-54-17— Insurer to refund unearned premiums within 60 days after termination of coverage; statement of refund provided to debtor
- Miss. Code Ann. § 83-54-19— Payment by insurer in the event of loss
- Miss. Code Ann. § 83-54-21— Prerequisites for creditor to insure collateral; right of debtor to insure collateral
- Miss. Code Ann. § 83-54-23— Entire amount of premium due shall be remitted to insurer in accordance with insurer’s requirements; creditor prohibited from retaining unearned premiums upon cancellation without crediting debtor’s account; rebates to creditor prohibited
- Miss. Code Ann. § 83-54-25— Creditor to make adequate disclosure to debtor of insurance requirement; “adequate disclosure” defined; when creditor may impose charges; “reasonable efforts” to notify debtor; form of notice; evidence of insurance coverage; creditor not required to insure collateral
- Miss. Code Ann. § 83-54-27— Commissioner of Insurance authorized to conduct investigations of insurers and producers, to deny, suspend, or revoke certificates of authority or producer’s licenses, and to impose civil penalties; judicial review of commissioner’s orders
- Miss. Code Ann. § 83-54-29— Rules and regulations
- Miss. Code Ann. § 83-54-31— Severability