MS SB2115

Extends the repealer date for Section 83-11-551 from July 1, 2017 to July 1, 2021, keeping the provision in effect for four additional years.

Requires insurers paying claims under automobile physical damage or collision coverage to add the repair business and lienholder(s) as payees on settlement checks for non-total loss claims.

For total loss claims, requires insurers to add lienholder(s) as payees when the lien is shown in the policy, confirmed in writing by the insured, or recorded on the vehicle title with the Mississippi Department of Revenue.

Allows insurers to issue separate checks to lienholders and insured parties in total loss cases and requires lienholders to pay any balance owed within 30 days of receiving payment.

Establishes procedures for insurers to obtain salvage or parts-only certificates of title from the Department of Revenue if the properly endorsed title is not received within 30 days of total loss settlement.