MO SB1031

Increases notice requirements for policy cancellation and nonrenewal from 30 days to 60 days, except for nonpayment of premium which requires 10 days' notice.

Prohibits insurers from using weather-related claims as a basis for refusing to renew policies and from surcharging premiums based on weather-related claims.

Prohibits insurers from considering policyholder inquiries about coverage as claims and from using such inquiries as a basis for nonrenewal or premium surcharges.

Renames the "Missouri Basic Property Insurance Inspection and Placement Program" to the "Fair Access to Insurance Requirements (FAIR) plan" and increases maximum liability limits from $200,000 to $300,000 for habitational property and from $1 million to $3 million for commercial property.

Expands the FAIR plan governing committee from 13 to 15 members and requires director approval for inspection bureau designation and director supervision of the program manager.