To compute any insurance premium on a fractional thousand of insurance, round up to the next whole thousand.
PREMIUM CHARGE FOR SHORT FORM OWNER'S POLICIES ("SFO")
Per Thousand
Up to $200,000 of liability written
$
4.40
Over $200,000 and up to $1,000,000 add
$
3.30
Over $1,000,000 and up to $10,000,000 add
$
2.20
Over $10,000,000 add
$
1.65
Minimum Premium
$
100.00
To compute any insurance premium on a fractional thousand of insurance, round up to the next whole thousand.
PREMIUM CHARGE FOR ALTA HOMEOWNER'S POLICIES ("HP")
Per Thousand
Up to $200,000 of liability written
$
4.80
Over $200,000 and up to $1,000,000 add
$
3.60
Over $1,000,000 and up to $10,000,000 add
$
2.40
Over $10,000,000 add
$
1.80
Minimum Premium
$
100.00
To compute any insurance premium on a fractional thousand of insurance, round up to the next whole thousand.
Summary of Closing & Escrow Procedures around the United States
This summary is merely a general reference guide. Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not intended as legal advice, but merely as a general reference guide.
MISSISSIPPI - Attorneys conduct real estate closings. Conveyance is by warranty deed. Deeds of trust are the customary security instruments. Mississippi uses ALTA policies and endorsements. Buyers and sellers negotiate the payment of title insurance premiums and closing costs. There are no documentary, mortgage, or transfer taxes. Property taxes are payable on an annual basis and become delinquent February 1st.
