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§ 83-73-11. Termination of portable electronics insurance

Notwithstanding any other provision of law, the terms for the termination or modification of a policy of portable electronics insurance shall be as follows: An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers with at least thirty (30) […]

§ 83-73-13. Application for license and fees

A sworn application for a license under this chapter shall be filed with the Mississippi Insurance Department on forms prescribed and furnished by the department. Portable electronics insurance producer licenses issued pursuant to this chapter shall continue from the date of issuance until December 31 in the second year following issuance or renewal of the […]

§ 83-75-1. Discount, rate reduction or adjustment for new home hurricane mitigation construction in certain localities

Not later than July 1, 2013, insurance companies shall provide a premium discount or insurance rate reduction in an amount and manner as established in subsection (5) of this section and according to Section 83-75-5. In addition, insurance companies may also offer additional adjustments in deductible, other credit rate differentials, or a combination thereof, collectively […]

§ 83-75-3. Discount, rate reduction or adjustment for existing home hurricane mitigation retrofit in certain localities

Not later than July 1, 2013, insurance companies shall provide a premium discount or insurance rate reduction in an amount and manner as established in subsection (4) of this section and according to Section 83-75-5. In addition, insurance companies may also offer additional adjustments in deductible, other credit rate differentials, or a combination thereof, collectively […]

§ 83-75-5. Definitions

For the purposes of this chapter, the term “insurable property” includes single-family residential property. “Insurable property” also includes modular homes satisfying the codes, standards, or techniques as provided in Section 83-75-1 or 83-75-3. Manufactured homes or mobile homes are excluded from “insurable property,” except as expressly provided in Section 83-75-3(2).

§ 83-75-7. Rules and regulations

The Commissioner of Insurance shall promulgate such rules and regulations as are necessary to implement and administer this chapter.

§ 83-79-1. Short title

This chapter shall be known and may be cited as the Property Insurance Clarity Act. It is the intent and purpose of the Legislature that this chapter shall serve to allow the Mississippi Insurance Department to receive and aggregate insurers’ homeowner claims loss data for the purposes of determining the accuracy and adequacy of catastrophic […]