{"data":{"id":"us-ms/miss.-code-ann.-83-54-7","jurisdiction":"us-ms","citation":"Miss. Code Ann. § 83-54-7","heading":"Effective date and termination date of coverage.","body":"(1) Creditor-placed insurance shall become effective on the latest of the following dates:\n(a) The date of the credit transaction;\n(b) The date prior coverage, including prior creditor-placed insurance coverage lapsed;\n(c) One (1) year before the date on which the related insurance charge is made to the debtor’s account; or\n(d) A later date provided for in the agreement between the creditor and insurer.\n(2) Creditor-placed insurance shall terminate on the earliest of the following dates:\n(a) The date other acceptable insurance becomes effective, subject to the debtor providing acceptable evidence of the other insurance to the creditor;\n(b) The date the collateralized personal property is repossessed, unless the property is returned to the debtor within ten (10) days of the repossession. The creditor-placed insurance may be kept in force, but the lender must pay the premium that is earned after repossession;\n(c) The date the collateralized personal property is determined by the insurer to be a total loss;\n(d) The date the debt is completely extinguished; or\n(e) An earlier date specified in the individual policy or certificate of insurance.\n(3) An insurance charge shall not be made to a debtor for a term longer than the scheduled term of the creditor-placed insurance when it becomes effective, nor may an insurance charge be made to the debtor for creditor-placed insurance before the effective date of the insurance.\n(4) If a charge is made to a debtor for creditor-placed insurance coverage that exceeds a term of one (1) year, the debtor shall be notified at least annually that the insurance will be canceled and a refund or credit of unearned charges made if evidence of acceptable insurance secured by the debtor is provided.","path":["Title 83. Insurance","Chapter 54. Mississippi Creditor-Placed Insurance Act"],"source_url":"https://archive.org/download/gov.ms.code.ann.2018/release78.2020.07.08/gov.ms.code.title.83.odt","current_through":"2020-07-08","vintage":"Mississippi Code Release 78 (2020-07), retrieved 2026-09-17","retrieved_at":"2026-10-27T05:54:33Z","sha256":"770119f320c715b6322f27a621454c3cabfacb4217d86413754244ec614c63a7","source_id":"us-ms","stale":false,"prev":"us-ms/miss.-code-ann.-83-54-5","next":"us-ms/miss.-code-ann.-83-54-9","notices":[{"id":"open-us-law","title":"Open US Law compilation","text":"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.","url":"https://huggingface.co/datasets/vaquill/open-us-law","license_url":"https://creativecommons.org/licenses/by/4.0/"},{"id":"pro-ms","title":"Mississippi Release 78 supplement","text":"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.","url":"https://archive.org/details/gov.ms.code.ann.2018"}]},"notice":"GroundRules: Original legal text. Not legal advice."}