MO SB101

Prohibits residential contractors from advertising or offering to pay insurance deductibles as inducement to customers, including allowances, discounts, compensation, gifts, or referral fees.

Grants homeowners a five business day cancellation window after receiving notice from their insurer that a claim is not covered, with full refund of payments except for emergency work already performed.

Requires contractors to provide customers with a ten-point boldface statement and detachable cancellation notice form before entering into any insurance-related repair contracts.

Mandates contractors refund all payments within ten days of cancellation receipt, except for reasonable value of emergency services acknowledged in writing by the homeowner.

Prohibits contractors from representing or negotiating insurance claims on behalf of homeowners for roof or exterior repair work, with violations classified as unfair practices under Missouri merchandising practices law.