P&C Chapter 7: Missouri Statutes, Rules and Regulations, Pertinent to Casualty Insurance Only
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P&C Chapter 7 Missouri Statutes, Rules and Regula
Institution
P&C Chapter 7 Missouri Statutes, Rules And Regula
P&C Chapter 7: Missouri Statutes, Rules and Regulations,
Pertinent to Casualty Insurance Only
Missouri Automobile Insurance and Workers Compensation Concepts
Auto Insurance Provisions - 30 days ️: Newly acquired/replacement auto coverage provisions must provide at least HOW MANY
DAYS with...
P&C Chapter 7: Missouri Statutes, Rules and Regulations,
Pertinent to Casualty Insurance Only
Missouri Automobile Insurance and Workers Compensation Concepts
Auto Insurance Provisions
- 30 days ✔️: Newly acquired/replacement auto coverage provisions must provide at least HOW MANY
DAYS within which to advise the company of the acquisition?
- Missouri Automobile Insurance Plan (MAIP) ✔️: People entitled to auto liability insurance but unable
to get it in the normal market may apply for coverage from this plan. All insurers issuing motor liability
coverage must subscribe to/participate in the plan.
- 10 days ✔️: Any applicant for a MAIP policy may appeal to the Director following the ruling of the
committee that operates it. Any person aggrieved by the Director may - how many days of notice of
action - file a petition in circuit court?
- $500 or more ✔️: In MO, owners of registered vehicles must maintain proof of financial responsibility
in the event of auto accidents that result in bodily injury/property damage of HOW MUCH money?
- Certificate of insurance, bond, deposit of money or securities, certificate of self-insurance ✔️: Four
ways to demonstrate proof of financial responsibility.
- Things an auto insurance policy must include ✔️:
- Be issued by an authorized insurance company in MO (unless the car is registered in another state).
- Provide a description of all cars insured by the policy.
- Provide coverage for spouse of named insured if spouse is a resident of the same household.
- Include coverage for insured and other permissive users of the vehicle.
- $25,000 for 1 person, $50,000 for 2 or more people, $10,000 for PD damage ✔️: In MO, auto
insurance policies issued as proof of financial responsibility must include bodily injury/property damage
, of at least HOW MUCH for BI/death of 1 person, and HOW MUCH for BI/death for 2 or more people, and
HOW MUCH for PD of others?
- Name/address of insurer, name of insured, policy number, effective dates of policy, description of
insured's car ✔️: What must an insurance ID card include?
- First violation: fine up to $300. Second violation: imprisonment in county jail up to 15 days and $300
fine ✔️: Anyone who violates the financial responsibility provision of the law will be found guilty of a
misdemeanor. What is the penalty for a first violation and a second violation?
- 33 days ✔️: If the Director finds out that an owner hasn't maintained financial responsibility, their
driver's license may be suspended in how many days after notice?
- Form SR-22 (high-risk auto form) ✔️: What form is used to further prove financial responsibility if a
driver has a record of violations?
- Form SR-26 ✔️: What form is used to indicate that an auto policy has been canceled/lapsed? If filed
with the Department of Motor Vehicles, the driver's license may be suspended, and the driver will have
to further prove financial responsibility by filing an SR-22 form.
- Uninsured Motorist ✔️: Owner with no insurance, owner whose insurance company denies/refuses to
admit coverage, owner whose insurance company has been declared insolvent, or a hit-and-run driver
who can't be identified.
- $25,000 for bodily injury to 1 person and $50,000 BI to 2 or more people ✔️: What are the required
limits for uninsured motorist coverage?
- 60 days ✔️: How many days' notice must be given when canceling a commercial casualty policy?
- 3 years, 30 days ✔️: In cases of a cancellation/nonrenewal in commercial policies, policyholders have
the right to get a statement of claims for the past HOW MANY YEARS, within HOW MANY DAYS of
written request?
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