reglab/housing_qa huggingface dataset:
MS Code § 83-49-31 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-31. Injunctive relief against plans in violation of chapter; appointment of receivers; enforcement of criminal laws

 If the commissioner finds that any prepaid legal services plan operator or its sponsor (a) has failed to comply with any provision of this chapter; (b) is fraudulently operated; (c) is in such condition as to render further plan operations hazardous to the public interest or the interest of subscribers; (d) is financially unable to meet its obligations and claims as they come due; or (e) has violated any other provision of law, he may apply to the Circuit Court of the First Judicial District of Hinds County, State of Mississippi, for an injunction. The court may forthwith issue a temporary injunction restraining the transaction of any business by the plan, and it may, after a full hearing, make the injunction permanent, and appoint one or more receivers to take the plan to settle its affairs, and distribute its funds to those entitled thereto, subject to such rules and orders as the court may prescribe. If it appears that a crime has been committed in connection with the sale, advertisement, administration or management of any prepaid legal services plan, the attorney general of the State of Mississippi may pursue the appropriate criminal action.
MS Code § 83-49-33 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-33. Venue provisions applicable to sponsors

 The venue provisions applicable to "insurers" under Title 83, Chapters 19 and 21, Mississippi Code of 1972, shall apply to sponsors as defined in this chapter.
MS Code § 83-49-35 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-35. Rules and regulations

 The commissioner shall have full power and authority to promulgate and adopt rules and regulations necessary for the implementation of this chapter.
MS Code § 83-49-37 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-37. Insurers to be in conformity with this chapter and other laws

 All insurers licensed to transact life or casualty insurance in this state who are licensed to issue policies of prepaid legal services insurance in this state shall be required to meet all the requirements of this chapter, unless specifically excepted therefrom by this chapter. Provided, that nothing contained herein shall be deemed to relieve the obligations of an insurer licensed to transact life or casualty insurance in this state from complying with the requirements of the Mississippi Code of 1972 and any other applicable laws of this state.
MS Code § 83-49-39 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-39. Investment of funds

 A sponsor shall invest the funds of a prepaid legal services plan only in such investments as are authorized by the laws of this state for the investment of assets of domestic casualty insurance companies and subject to the limitations thereon or in such investments as are authorized by the laws of this state for the investment of assets of corporations authorized to transact business in this state pursuant to the provisions of Title 83, Mississippi Code of 1972, as the case may be.
MS Code § 83-49-41 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-41. Disposition of deposits

 Any deposits of a sponsor of a prepaid legal services plan deposited with the commissioner pursuant to the provisions of this chapter shall be administered by the commissioner in accordance with the provisions of the Mississippi Code of 1972 as though deposited by a domestic casualty insurer authorized to transact insurance in this state or as deposited by a corporation authorized to transact business in this state pursuant to the provisions of Chapter 19, Title 83, Mississippi Code of 1972, as the case may be.
MS Code § 83-49-43 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-43. When subscription contracts may first be issued

  No subscription contracts for prepaid legal services may be sold or offered for sale in this state prior to July 1, 1983. Provided, that nothing contained herein shall be deemed to prohibit an insurer authorized to transact life or casualty insurance in this state from selling or offering for sale in this state before July 1, 1983, individually underwritten and individually issued policies of prepaid legal services insurance on policy forms which have been approved by the commissioner pursuant to the provisions of the Mississippi Code of 1972, and Section 83-49-17.   The provisions of this section shall not apply to any subscription contracts negotiated and issued in accordance with the provisions of section 302C of the Labor Management Relations Act of 1947 (87 Stat. 314, 29 USCA Section 186(c)(8)).
MS Code § 83-49-47 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-47. Agent or representative of sponsor; license required; fee; investigation; denial; grounds for issuance

  No person shall act as a representative of a sponsor or agent of a sponsor as defined in Section 83-17-1, Mississippi Code of 1972, without first having obtained a license from the commissioner to act as an agent or representative of a sponsor of prepaid legal services in this state.   The annual license fee shall be Ten Dollars ($10.00). The fee for said license shall be paid to the commissioner on or before March 1 of each year.   Before any licensee changes his address, he shall return his license to the commissioner, who shall endorse the license indicating the change.   Each person to whom the license or the renewal thereof may be issued shall file sworn answers, subject to the penalties of perjury, to such interrogatories as the commissioner may require. The commissioner shall have authority, at any time, to require the applicant to disclose fully the identity of all stockholders, partners, officers and employees, and he may, in his discretion, refuse to issue or renew a license in the name of any firm, partnership or corporation if he is not satisfied that any officer, employee, stockholder or partner thereof who may materially influence the applicant's conduct meets the standards of this chapter.   Upon the filing of an application and the payment of the license fee, the commissioner shall make an investigation of each applicant and shall issue a license if he finds the applicant is qualified in accordance with this chapter. If the commissioner does not so find, he shall, within ninety (90) days after he has received such application, so notify the applicant and, at the request of the applicant, give the applicant a full hearing.   The commissioner shall issue or renew a license applied for when he is satisfied that the person to be licensed:   Is competent and trustworthy and intends to act in good faith as an agent or representative of a sponsor of prepaid legal services plans in this state;   Has a good business reputation and has had experience, training or education so as to be qualified to act as an agent or representative of a sponsor of prepaid legal services plans.
MS Code § 83-49-49 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 49 - Legal Expense Insurance|§ 83-49-49. Reserve

 Any insurer or sponsor operating or writing a prepaid legal services plan in this state shall be required to set aside as a legal reserve to protect the holders of its policy or subscription contracts in this state the pro rata unearned portion of the premium paid for such contract, to be held until termination of such contracts.
MS Code § 83-52-1 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 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.
MS Code § 83-52-3 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-3. Definitions

 The following are terms defined for purposes of this chapter and are not intended to provide actual terms required in guaranteed asset protection waivers:   "Administrator" means a person, other than an insurer or creditor, who issues, makes or provides a GAP waiver, or who performs administrative or operational functions pursuant to guaranteed asset protection waiver programs.   "Borrower" means a debtor, retail buyer or lessee, under a finance agreement.   "Commissioner" means the Commissioner of Insurance for the State of Mississippi.   "Creditor" means:   The lender in a loan or credit transaction;   The lessor in a lease transaction;   Any "retail seller" of motor vehicles that provides credit to "retail buyers" of such motor vehicles provided that such entities comply with the provisions of this chapter;   The seller in commercial retail installment transactions; or   The assignees of any of the creditors listed in subparagraphs (i) through (iv) of this paragraph to whom the credit obligation is payable.   "Finance agreement" means a loan, lease or retail installment sales contract for the purchase or lease of a motor vehicle or any other credit extension secured by a motor vehicle.   "Free look period" means the period of time from the effective date of the GAP waiver until the date the borrower may cancel the contract without penalty, fees or costs to the borrower. This period of time shall not be shorter than thirty (30) days.   "Guaranteed asset protection waiver" or "GAP waiver" means a contractual agreement wherein a creditor agrees for a separate charge to cancel or waive, or an administrator agrees for a separate charge to pay, all or part of amounts due on a borrower's finance agreement in the event of a total physical damage loss or unrecovered theft of the motor vehicle. A GAP waiver in which the creditor cancels or waives amount due shall be part of, or a separate addendum to, the finance agreement.   "Insurer" means an insurance company licensed, registered, or otherwise authorized to do business under the insurance laws of this state.   "Motor vehicle" means self-propelled or towed vehicles designed for personal or commercial use, including, but not limited to, automobiles, trucks, motorcycles, recreational vehicles, all-terrain vehicles, snowmobiles, campers, boats, personal watercraft, and motorcycle, boat, camper and personal watercraft trailers.   "Person" includes an individual, company, association, organization, partnership, business trust, corporation, and every form of legal entity.
MS Code § 83-52-5 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-5. Offering, selling or providing GAP waivers to Mississippi borrowers authorized

  GAP waivers may be offered, sold or provided to borrowers in this state under this chapter.   GAP waivers may, at the option of the creditor or administrator, be sold for a single payment or may be offered with a monthly or periodic payment option.   Notwithstanding any other provision of law to the contrary, any cost to the borrower for a guaranteed asset protection waiver entered into in compliance with the Truth in Lending Act (15 USC 1601 et seq.) and its implementing regulations, as they may be amended from time to time, shall be separately stated and is not to be considered a finance charge or interest.   A retail seller or administrator shall insure its GAP waiver obligations under a contractual liability or other insurance policy issued by an insurer. A creditor, other than a retail seller, may insure its GAP waiver obligations under a contractual liability policy or other such policy issued by an insurer. Any such insurance policy may be directly obtained by a creditor, retail seller, or may be procured by an administrator to cover a creditor's or retail seller's obligations. However, retail sellers that are lessors on motor vehicles are not required to insure obligations related to GAP waivers on such leased vehicles.   The GAP waiver shall remain a part of the finance agreement upon the assignment, sale or transfer of such finance agreement by the creditor.   Neither the extension of credit, the term of credit, nor the term of the related motor vehicle sale or lease may be conditioned upon the purchase of a GAP waiver.   Any creditor or administrator that offers a GAP waiver shall report the sale of, and forward funds received on all such waivers to the designated party, if any, as prescribed in any applicable administrative services agreement, contractual liability policy, other insurance policy or other specified program documents.   Funds received or held by a creditor or administrator and belonging to an insurer, creditor or administrator, pursuant to the terms of a written agreement, shall be held by such creditor or administrator in a fiduciary capacity.
MS Code § 83-52-7 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-7. Insurance policies insuring GAP waivers; coverage to cover subsequent assignees; coverage to remain in effect unless cancelled or terminated

  Contractual liability or other insurance policies insuring GAP waivers shall state the obligation of the insurer to reimburse or pay to the creditor or administrator any sums the creditor is legally obligated to waive, or administrator is legally obligated to pay, under the GAP waivers issued by the creditor or administrator and purchased or held by the borrower.   Coverage under a contractual liability or other insurance policy insuring a GAP waiver shall also cover any subsequent assignee upon the assignment, sale or transfer of the finance agreement.   Coverage under a contractual liability or other insurance policy insuring a GAP waiver shall remain in effect unless cancelled or terminated in compliance with applicable insurance laws of this state.   The cancellation or termination of a contractual liability or other insurance policy shall not reduce the insurer's responsibility for GAP waivers issued by the creditor or administrator prior to the date of cancellation or termination and for which the premium has been received by the insurer.
MS Code § 83-52-9 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-9. Guaranteed asset protection waiver disclosures

 Guaranteed asset protection waivers shall disclose, as applicable, in writing and in clear, understandable language that is easy to read, the following:   The name and address of the initial creditor and the borrower at the time of sale, and the identity of any administrator if different from the creditor.   The purchase price and the terms of the GAP waiver, including, without limitation, the requirements for protection, conditions, or exclusions associated with the GAP waiver.   That the borrower may cancel the GAP waiver within a free look period as specified in the waiver, and will be entitled to a full refund of the purchase price, so long as no benefits have been provided.   The procedure the borrower shall follow, if any, to obtain GAP waiver benefits under the terms and conditions of the waiver, including a telephone number and address where the borrower may apply for waiver benefits.   Whether or not the GAP waiver is cancellable after the free look period and the conditions under which it may be cancelled or terminated, including the procedures for requesting any refund due.   That in order to receive any refund due in the event of a borrower's cancellation of the GAP waiver agreement or early termination of the finance agreement after the free look period of the GAP waiver, the borrower, in accordance with terms of the waiver, shall provide a written request to cancel to the creditor, administrator or such other party. If the GAP waiver is cancelled due to the early termination of the finance agreement, the borrower must provide the request within ninety (90) days of the occurrence of the event terminating the finance agreement.   The methodology for calculating any refund of the unearned purchase price of the GAP waiver due, in the event of cancellation of the GAP waiver or early termination of the finance agreement.   That neither the extension of credit, the terms of the credit, nor the terms of the related motor vehicle sale or lease, may be conditioned upon the purchase of the GAP waiver.
MS Code § 83-52-11 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-11. Guaranteed asset protection waiver agreement cancellation

  Guaranteed asset protection waiver agreements may be cancellable or noncancellable after the free look period. GAP waivers shall provide that if a borrower cancels a waiver within the free look period, the borrower will be entitled to a full refund of the purchase price, so long as no benefits have been provided; or in the event benefits have been provided, the borrower may receive a full or partial refund pursuant to the terms of the waiver.   In the event of a borrower's cancellation of the GAP waiver or early termination of the finance agreement, after the agreement has been in effect beyond the free look period, the borrower may be entitled to a refund of any unearned portion of the purchase price of the waiver unless the waiver provides otherwise. In order to receive a refund, the borrower, in accordance with any applicable terms of the waiver, shall provide a written request to the creditor, administrator or other party. If the GAP waiver is cancelled due to the early termination of the finance agreement, the borrower must provide the request within ninety (90) days of the event terminating the finance agreement.   If the cancellation of a GAP waiver occurs as a result of a default under the finance agreement or the repossession of the motor vehicle associated with the finance agreement, or any other termination of the finance agreement, any refund due may be paid directly to the creditor or administrator and applied as set forth in subsection (4) of this section.   Any cancellation refund under subsection (1), (2) or (3) of this section may be applied by the creditor as a reduction of the amount owed under the finance agreement, unless the borrower can show that the finance agreement has been paid in full.
MS Code § 83-52-13 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-13. Inapplicability of Sections 83-52-5(3), 83-52-9 and 83-52-15 to certain GAP waivers

 Sections 83-52-5(3), 83-52-9 and 83-52-15 of this chapter are not applicable to a guaranteed asset protection waiver offered in connection with a lease or retail installment sale associated with a commercial transaction.
MS Code § 83-52-15 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 52 - Guaranteed Asset Protection Waivers|§ 83-52-15. Enforcement of this chapter and protection of Mississippi GAP waiver holders

 The commissioner may take action which is necessary or appropriate to enforce the provisions of this chapter and to protect guaranteed asset protection waiver holders in this state. After proper notice and opportunity for hearing, the commissioner may:   Order the creditor, administrator or any other person not in compliance with this chapter to cease and desist from further guaranteed asset protection waiver-related operations which are in violation of this chapter.   Impose a penalty of not more than Five Hundred Dollars ($500.00) per violation and not more than Ten Thousand Dollars ($10,000.00) in the aggregate for all violations of similar nature. For purposes of this paragraph (b), violations shall be of a similar nature if the violation consists of the same or similar course of conduct, action, or practice, irrespective of the number of times the conduct, action, or practice which is determined to be a violation of this chapter occurred.
MS Code § 83-53-1 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 53 - Credit Life and Credit Disability Insurance|§ 83-53-1. Legislative purpose; construction

 The purpose of this chapter is to promote the public welfare by regulating credit life insurance and credit disability insurance. Nothing in this chapter is intended to prohibit or discourage competition which is in the public interest. The provisions of this chapter shall be liberally construed.
MS Code § 83-53-3 (2020)
2020 Mississippi Code|Title 83 - Insurance|Chapter 53 - Credit Life and Credit Disability Insurance|§ 83-53-3. Scope of chapter; definitions

  All credit life insurance and all credit disability insurance sold in connection with loans or other credit transactions, including lease payments and residuals, shall be subject to the provisions of this chapter, except:   Such insurance sold in connection with a loan or other credit transaction of more than ten (10) years' duration;   Such credit life insurance sold in connection with a loan or other credit transaction of an agricultural cooperative financial institution authorized to do business in this state by any act of the Congress of the United States or by the laws of the State of Mississippi; and   Such insurance where its issuance is an isolated transaction on the part of the insurer not related to an agreement or a plan or regular course of conduct for insuring debtors of the creditor.     For the purposes of this chapter:   "Commissioner" means the Commissioner of Insurance of the State of Mississippi;   "Credit life insurance" means insurance on the life of a debtor pursuant to or in connection with a specific loan or other credit transactions, including lease payments and residual, exclusive of any such insurance procured at no expense to the debtor, and credit life insurance on agricultural credit transactions. Insurance shall be deemed procured at no expense to the debtor unless the cost of the credit transaction to the debtor varies depending on whether or not the insurance is procured;   "Credit disability insurance" means insurance on a debtor to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor is disabled as defined in the policy;   "Creditor" means the lender of money or vendor or lessor of goods, services, property, rights or privileges, for which payment is arranged through a credit transaction or any successor to the right, title or interest of any such lender, vendor or lessor, which lender, vendor or lessor is the beneficiary of any credit life insurance or credit disability insurance sold in connection with such credit transaction.   "Debtor" means a borrower of money or a purchaser or lessee of goods, services, property, rights or privileges, for which payment is arranged through a credit transaction; and   "Indebtedness" means the total amount payable by the debtor to a creditor in connection with a loan or other credit transaction.   "Insurer" means an insurance company licensed in the State of Mississippi to write credit life insurance and credit disability insurance.   "Insurance premium" shall include that portion collected or payable which is compensation as set forth in Section 83-53-25.