When credit life insurance or credit disability insurance is required as additional security for any indebtedness, the debtor shall be free to procure the required insurance from any insurance company authorized to transact credit life insurance or credit disability insurance business in this state.
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