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§ 83-54-3. Application and construction of chapter

MS Code § 83-54-3 (2019) (N/A)
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(1) This chapter applies to an insurer or producer transacting creditor-placed insurance as defined in this chapter.

(2) All creditor-placed insurance written in connection with credit transactions for personal, family or household purposes is subject to the provisions of this chapter, except:

(a) Transactions involving extensions of credit primarily for business or commercial purposes;

(b) Insurance on collateralized real property; provided, however, that creditor-placed insurance written for mobile homes or manufactured housing shall be subject to the provisions of this chapter;

(c) Insurance offered by the creditor and elected by the debtor at the debtor’s option;

(d) Insurance for which no specific charge is made to the debtor or the debtor’s account; or

(e) Blanket insurance, whether paid for by the debtor or the creditor.

(3) Nothing in this chapter shall be construed to create or imply a private cause of action for violation of this chapter, and the commissioner shall have authority to bring administrative or judicial proceedings to enforce this chapter.

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§ 83-54-1. Purpose of chapter
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§ 83-54-5. Definitions