State Codes and Statutes
Statutes > Mississippi > Title-83 > 54 > 83-54-1§ 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.
Sources: Laws, 2001, ch. 307, § 1, eff from and after July 1, 2001.
