Permissible forms of insurance.
Miss. Code Ann. § 83-53-5
in effectCredit life insurance and credit disability insurance shall be issued only in the following forms:
Individual policies of life insurance issued to debtors on the term plan;
Individual policies of disability insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
Group policies of life insurance issued to creditors providing insurance upon the lives of debtors on the term plan; and
Group policies of disability insurance issued to creditors on a term plan insuring debtors or disability benefit provisions in group credit life insurance policies to provide such coverage.
Source: Public.Resource.Org MS CodeURL: https://unicourt.github.io/cic-code-ms/transforms/ms/ocms/r78/gov.ms.code.title.83.htmlFetched: 6/10/2026