Missouri: Time Limited Demands Bill Heard in Committee

The Missouri House Insurance Policy Committee held a hearing Jan. 24 on HB 2277 relating to time limited demands. The bill specifies that in any lawsuit alleging damages outside of those covered in the contract, any prior settlement demand to settle a claim will not be considered to have been a reasonable opportunity to settle unless the demand was in writing, obtained by certified mail, and open for at least 90 days. NAMIC submitted testimony in support of the bill.