Chapter 54 - MISSISSIPPI CREDITOR-PLACED INSURANCE ACT
- Section 83-54-1 - Purpose of chapter
- Section 83-54-3 - Application and construction of chapter
- Section 83-54-5 - Definitions
- Section 83-54-7 - Effective date and termination date of coverage
- Section 83-54-9 - Insurance premiums
- Section 83-54-11 - Exclusions from coverage
- Section 83-54-13 - Evidence of insurance coverage
- Section 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
- Section 83-54-17 - Insurer to refund unearned premiums within 60 days after termination of coverage; statement of refund provided to debtor
- Section 83-54-19 - Payment by insurer in the event of loss
- Section 83-54-21 - Prerequisites for creditor to insure collateral; right of debtor to insure collateral
- Section 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
- Section 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
- Section 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
- Section 83-54-29 - Rules and regulations
- Section 83-54-31 - Severability