Mississippi § 83-54-9 - Insurance premiums.
Full text of Mississippi Mississippi Code of 1972 Annotated § 83-54-9 — Insurance premiums., with citation guidance and answers to common questions.
§ 83-54-9. Insurance premiums.
Premiums for creditor-placed insurance coverage may be calculated based on: An amount not exceeding the net debt even though the coverage may limit the insurer’s liability to the net debt, actual cash value or cost of repair; or Other premium calculation methods that more closely reflect the exposure of each item insured and approximate the premium calculation method of the coverage required by the credit agreement. An insurer shall not write creditor-placed insurance for which the premium rate differs from that determined by the schedules of the insurer on file and approved by the commissioner. The premium or amount charged to the debtor for creditor-placed insurance shall not exceed the premiums charged by the insurer, computed at the time the charge to the debtor is determined. A method of billing insurance charges to the debtor on closed-end credit transactions that creates a balloon payment at the end of the credit transaction or extends the credit transaction’s maturity date is prohibited, unless specifically disclosed at the time of the origination of the credit agreement.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 83-54-9
What does Mississippi Code of 1972 Annotated § 83-54-9 cover?
Section 83-54-9 ("Insurance premiums.") 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 § 83-54-9?
A common citation format is "Mississippi Code of 1972 Annotated § 83-54-9" (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 § 83-54-9 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.