MO HB1742

Requires all insurers authorized to write homeowners' or dwelling-owners' insurance in Missouri to make earthquake coverage available for an additional premium, effective January 1, 2015.

Earthquake coverage may be offered as part of the underlying policy or as an endorsement or rider and can cover structures and personal property contents.

Insurers must inform policyholders in bold type (minimum 14 points) that their policy does not cover earthquake losses and that additional coverage is available for an additional premium.

Insurers receiving earthquake loss claims must investigate by inspecting the insured premises to determine if physical damage resulted from earthquake activity.

Director of insurance may promulgate rules to administer and enforce the provision, subject to chapter 536 rulemaking procedures.