Missouri Enacts Rule 20 CSR 500-1.100

Nov 14, 2023 / by AAIS

Missouri has recently enacted Rule 20 CSR 500-1.100 which, among other things, concerns cancellation, nonrenewal, reduction amount or adverse modification notices issued on or after July 1, 2024. These notices must contain the following:

  • That the insured may contact their insurance producer or any insurance producer for coverage;
  • The producer's name, if any, address, and telephone number;
  • The name, address, telephone number, and website address of the Missouri Property Insurance Placement Facility;
  • The reason for cancellation, nonrenewal, reduction in amount, or adverse modification;
  • That any excess premium not tendered must be refunded within thirty (30) days of this notice.

 

For more information and examples, please see 20 CSR 500-1.100.

Tags: Compliance, Missouri

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