35 Miss. Code. R. 7-06-05-104
"Salvage vehicle" shall mean a motor vehicle, which an insurance company obtains from the owner as a result of paying a total loss claim resulting from collision, fire, flood, accident, hail damage, trespass, un-recovered theft, or other occurrence. A motor vehicle which is ten (10) years old or older with a value of one thousand five hundred dollars ($1,500) or less, or a motor vehicle with damage which will require the replacement or repair of five (5) or fewer minor component parts will not fall under the definition of salvage vehicle.
Notes
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