Miss. Code § 83-54-1

Current through the 2024 Regular Session

Section 83-54-1 - Purpose of chapter

The purposes of this chapter are to:

(a) Promote the public welfare by regulating creditor-placed insurance;

(b) Create a legal framework within which creditor-placed insurance may be written in this state;

(c) Help maintain the separation between creditors and insurers; and

(d) Minimize the possibilities of unfair competitive practices in the sale of creditor-placed insurance.

Miss. Code § 83-54-1

Laws, 2001, ch. 307, § 1, eff. 7/1/2001.