1997 Regular Session
By: Senator(s) Kirby, White (29th), Little, Smith, Nunnelee, Harvey
Senate Bill 2265
(As Passed the Senate)
AN ACT TO EXTEND COVERAGE OF MOTOR VEHICLE INSURANCE POLICIES TO MOTOR VEHICLES LOANED TO THE INSURED BY A DULY LICENSED AUTOMOBILE DEALER AS A TEMPORARY SUBSTITUTE; AND FOR RELATED PURPOSES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:
SECTION 1. Every motor vehicle liability insurance policy, every motor vehicle physical damage insurance policy, every motor vehicle uninsured and underinsured motorist insurance policy, and every motor vehicle insurance policy covering death or bodily injury insuring a motor vehicle licensed in this state and/or the occupants of the motor vehicle shall extend their liability, physical damage, uninsured and underinsured motorist and death or bodily injury coverages to include any other motor vehicle operated by the insured individual and its occupants if the other motor vehicle is loaned by a duly licensed automobile dealer as a temporary substitute, with or without compensation, to the insured individual for use as a temporary substitute vehicle while the insured's vehicle is out of use because of breakdown, repair or servicing. However, coverage shall extend to such loaned vehicle only to the extent of the coverage provided, if any, to the automobile being repaired or serviced. Such extensions of liability, physical damage, uninsured and underinsured motorist and death or bodily injury coverages are primary.
SECTION 2. This act shall take effect and be in force from and after July 1, 1997.