MS SB2301

Removes the July 1, 2020 sunset clause from Mississippi Code Section 83-11-551, making the statute permanent instead of temporary.

Requires insurers paying automobile physical damage or collision coverage claims to add repair businesses or lienholders as payees on settlement checks alongside the insured.

In total loss cases, insurers must add lienholders as payees if they appear on the policy, are confirmed in writing by the insured, or are shown on the vehicle title with the Mississippi Department of Revenue.

Requires lienholders to pay any balance owed to the debtor within 30 days of receiving settlement funds, or allows insurers to issue separate checks to lienholders and insureds for their respective financial interests.

Establishes procedures for insurers to request salvage or parts-only certificates of title from the Department of Revenue if a properly endorsed title cannot be obtained within 30 days of a total loss settlement.