2013 Mississippi Code
Title 83 - INSURANCE
Chapter 53 - CREDIT LIFE AND CREDIT DISABILITY INSURANCE
§ 83-53-5 - Permissible forms of insurance


MS Code § 83-53-5 (2013) What's This?

Credit life insurance and credit disability insurance shall be issued only in the following forms:

(a) Individual policies of life insurance issued to debtors on the term plan;

(b) Individual policies of disability insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;

(c) Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and

(d) Group policies of disability insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.

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