Current through December 10, 2024
Rule 19-4-3.09 - Extent of CoverageA. The Plan or CAIP servicing carrier shall be required to write a policy or binder at a minimum for the limits in the Financial Responsibility law of the State.B. Notwithstanding paragraph A, upon request of any applicant, the Plan or CAIP servicing carrier shall provide limits adequate to comply with the provisions of the Financial Responsibility Law of any state in which the motor vehicle will be operated, but applicable only while the motor vehicle is being operated in that state/province.C. Upon request of the insured, a standard loss payable clause for the benefit of a lien-holder shall be included in the policy. Miss. Code Ann. § 63-15-65 (Rev. 2004).