Mississippi § 83-52-1 - Chapter purpose; applicability; waivers are not insurance and are exempt from insurance laws.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-52-1 — Chapter purpose; applicability; waivers are not insurance and are exempt from insurance laws., with citation guidance and answers to common questions.
§ 83-52-1. Chapter purpose; applicability; waivers are not insurance and are exempt from insurance laws.
The purpose of this chapter is to provide a framework within which guaranteed asset protection waivers are defined and may be offered within this state. This chapter does not apply to: An insurance policy offered by an insurer under the insurance laws of this state; or A debt cancellation or debt suspension contract being offered by any national or state-chartered bank or federal or state-chartered credit union in compliance with 12 CFR Part 37, or 12 CFR Part 721, or any other federal law. Guaranteed asset protection waivers governed under this chapter are not insurance and are exempt from the insurance laws of this state. Persons marketing, selling or offering to sell guaranteed asset protection waivers to borrowers who comply with this chapter are exempt from insurance licensing and insurance regulation requirements of this state.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-52-1
What does Mississippi Code of 1972 Annotated § 83-52-1 cover?
Section 83-52-1 ("Chapter purpose; applicability; waivers are not insurance and are exempt from insurance laws.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Mississippi § 83-52-1?
A common citation format is "Mississippi Code of 1972 Annotated § 83-52-1" (Mississippi). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 83-52-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Mississippi.