Permissible forms of insurance

1. Law
2. Mississippi Code
3. Insurance
4. Credit Life and Credit Disability Insurance
5. Permissible forms of insurance

Credit 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.

Download our app to see the most-to-date content.