83-54-1 - Purpose of chapter. - Mississippi Statutes

§ 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.