What is a statute of repose?

A statute of repose is a law in Mississippi that limits the amount of time a person has to bring a lawsuit against an insurance company for a claim that they filed and was denied. In other words, it establishes a maximum time period within which an injured party can file a claim against an insurance company. This statute does not apply to all claims, just those related to damages caused by a certain act or defect. The statute of repose limits the amount of time a person has to make a legal claim against the insurance company for a specific injury, loss, or damage. In Mississippi, the statute of repose is two years from the date of the injury or damage. One important thing to note is that two years is the maximum amount of time an individual has to file a claim, so it is important for individuals to file their claim as soon as possible if they wish to retain their rights. This is especially true in cases of medical malpractice, where the statute of repose can be much shorter. By having a statute of repose in Mississippi, it helps to protect both the insurance company and the injured party from long and costly legal proceedings. It also allows individuals to seek the compensation from an insurance company that they deserve in a timely manner without fear of the claim being too late.

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What is a statute of repose?

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