GroundRules
Miss. Code Ann. § 83-5-5: Terms defined.
Where this section sits in the code
- Title 83. Insurance
- Chapter 5. General Provisions Relative to Insurance and Insurance Companies
- Article 1. General Provisions.
When consistent with the context and not obviously used in a different sense, the term “company” or “insurance company”, as used in this chapter, includes all corporations, associations, partnerships, or individuals engaged as principals in the business of insurance or guaranteeing the obligations of others.
The word “domestic” designates those companies or other insurers incorporated or formed in this state; and the word “foreign”, when used without limitation, includes all those formed by authority of any other state or government, and whose home office is not located in this state.
A contract of insurance is an agreement by which one party for a consideration promises to pay money or its equivalent, or to do some act of value to the assured, upon the destruction, loss, or injury of something in which the assured or other party has an interest, as an indemnity therefor.
Collected 2026-10-27T05:54:33Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source