Description: Creditor-placed insurance; require payment by insurer to be reduced by any recovery from third party.
Bill Text: [Introduced]
History of Actions:
|1||01/17 (H) Referred To Insurance|
|2||02/01 (H) Died In Committee|
|Effective date||July 1, 2005|
|Deadline||General Bill/Constitutional Amendment|
|Vote type required||Majority|
Principal Author: Formby
Code Section: A 083-0054-0019
Title: AN ACT TO AMEND SECTION 83-54-19, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT THE REQUIRED PAYMENT BY THE INSURER IN THE EVENT OF A LOSS UNDER A CREDITOR-PLACED INSURANCE POLICY SHALL BE REDUCED BY ANY RECOVERY FROM A THIRD PARTY; AND FOR RELATED PURPOSES.
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