2007 SUMMARY OF NEW STATE LAWS - MISSOURI

BILL #	CHAPTER #	ISSUE	BILL DESCRIPTION
HB 221	Does not assign chapter numbers	Motor vehicle insurance – auto coverage issues	Changes the laws regarding motor vehicle service contracts and product service agreements. Effective: January 1, 2008.
HB 780		Military personnel insurance-related legislation	Expands license renewal extensions for professionals completing military service to include all professionals licensed by the Division of Professional Registration. Also includes provisions dealing with auto financial responsibility. Effective: June 1, 2008.
SB 66		Financial regulation	Relates to insurance company investments and how boards of trustees of police and firemen's pension systems may invest monies; exempts insurance companies from certain laws; amends provisions regarding foreign investment; includes loans. Effective: August 28, 2007.
SB 82		Motor vehicle insurance – salvage title	Modifies various provisions relating to motor vehicles, including salvage vehicles. Effective: varies
SB 215		Captives	Allows for the formation of captive insurance companies within the state under certain conditions. Effective: August 28, 2007.

The information contained in this summary is not intended as a portrayal of every property/casualty-related law enacted in each state. Rather, it represents recently enacted legislation specifically identified by NAMIC State and Regulatory Affairs Staff as bearing direct relevance to those issues that represent NAMIC's National State Legislative Agenda or otherwise deemed pertinent to the interests of the majority of NAMIC members.

This summary is for use as a convenient tool for our members, and is not intended, and should not be considered to be, legal advice. Please consult your legal representatives.

Posted: Monday, October 22, 2007 12:00:00 AM. Modified: Monday, October 22, 2007 12:57:49 PM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.