All claims shall be promptly reported by the debtor, his agent or estate to the insurer or its designated claims representative, who shall maintain adequate claim files. All claims shall be settled in accordance with the terms of the insurance contract by the insurer who shall be the sole party liable to the debtor for the payment of claims or refunds.
Structure Mississippi Code
Chapter 53 - Credit Life and Credit Disability Insurance
§ 83-53-1. Legislative purpose; construction
§ 83-53-5. Permissible forms of insurance
§ 83-53-7. Limitations on amount of insurance
§ 83-53-11. Reinsurance and retrocession agreements
§ 83-53-19. Reporting and settlement of claims; maintenance of claim files
§ 83-53-21. Freedom of debtor to procure insurance from any authorized company
§ 83-53-23. Reasonable insurance rates; prohibition against additional charges
§ 83-53-29. Promulgation of rules and regulations; requirement of information
§ 83-53-31. Issuance of cease and desist order; penalties
§ 83-53-33. Hearing relative to cease and desist order; costs; service of process
§ 83-53-35. Order, after hearing, as to findings, conclusions, and decision
§ 83-53-39. Effective dates of orders; stay of execution or enforcement
§ 83-53-41. Appeal from order which does not charge violation
§ 83-53-43. Penalty for violation of final order; civil action to recover penalty