Mississippi Automobile Club Bond ($15,000) Automobile club bonds in Mississippi ensure that principals (automobile clubs) faithfully observe the provisions of 83-11-201 through 83-11-347 of the Mississippi Code Annotated. The bond protects club members who suffer financial loss due to the principal's actions. Typically, these bonds ensure that automobile club members are reimbursed for unearned membership dues if the club ceases to operate.
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