35 Miss. Code. R. 7-06-05-104
Current through December 10, 2024
"Salvage vehicle" shall mean a motor vehicle, which an insurance company obtains from the owner as a result of paying a total loss claim resulting from collision, fire, flood, accident, hail damage, trespass, un-recovered theft, or other occurrence. A motor vehicle which is ten (10) years old or older with a value of one thousand five hundred dollars ($1,500) or less, or a motor vehicle with damage which will require the replacement or repair of five (5) or fewer minor component parts will not fall under the definition of salvage vehicle.
35 Miss. Code. R. 7-06-05-104