MS HB453

Extends the repeal date of Section 83-11-551 from July 1, 2017 to July 1, 2020, continuing requirements that auto insurers add repair businesses and lienholders as payees on insurance claim checks.

Requires insurers paying non-total-loss claims to add the repair business or lienholder as a payee alongside the insured on the claim check.

Requires insurers paying total-loss claims to add any lienholders shown in the policy, confirmed in writing by the insured, or recorded on the vehicle title as payees on the settlement check.

Allows insurers to issue separate checks to lienholders and insured parties in total-loss cases and permits lienholders 30 days to pay any balance owed to the debtor after receiving payment.

Establishes procedures for insurers to obtain salvage or parts-only certificates of title from the Department of Revenue when vehicle titles cannot be obtained within 30 days of total-loss settlement.