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Mississippi Code 1972 (2023)
Title 63 - MOTOR VEHICLES AND TRAFFIC REGULATIONS (§§ 63-1-1 — 63-NEW01-NEW-014)
Chapter 15 - MOTOR VEHICLE SAFETY - RESPONSIBILITY (§§ 63-15-1 — 63-15-75)
Section 63-15-53 - Self-insurance
Universal Citation:
MS Code § 63-15-53 (2023)
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- (1) Any person in whose name more than twenty-five (25) motor vehicles are licensed may qualify as a self-insurer by obtaining a certificate of self-insurance issued by the department as provided in subsection (2) of this section.
- (2) The department may, in its discretion, upon the application of a person, issue a certificate of self-insurance when it is satisfied that such person is possessed and will continue to be possessed of ability to pay judgments obtained against such person.
- (3) Upon not less than five (5) days notice and a hearing pursuant to such notice, the department may upon reasonable grounds cancel a certificate of self-insurance. Failure to pay any judgment within thirty (30) days after such judgment shall have become final shall constitute a reasonable ground for the cancellation of a certificate of self-insurance.
Codes, 1942, § 8285-34; Laws, 1952, ch. 359, § 33, eff. 1/1/1953.
Amended by Laws, 2023, ch. 443, HB 1003,§ 30, eff. 7/1/2023.
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