Compliance Alerts

    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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