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MO SB606
Bill
AI Summary
- Repeals section 379.901, RSMo and enacts a new version relating to prepaid legal service plans
- Removes requirement that persons soliciting memberships for prepaid legal services plans be licensed as insurance agents under chapter 375
- Requires solicitors to disclose in writing to consumers that prepaid legal services plans are not insurance products and are not regulated by the department of insurance, financial institutions and professional registration
- Defines prepaid legal service plans as entities collecting periodic prepaid fees from Missouri residents for legal coverage, with specified exemptions for retainer contracts, indigent legal services, ERISA-covered plans, labor unions, and government agencies
Legislative Description
Repeals provisions which require persons who solicit on behalf of prepaid legal services to be licensed as an insurance agent
Last Action
Signed by Governor
7/10/2014
Committee Referrals
Judiciary3/26/2014
Small Business, Insurance And Industry1/16/2014
Full Bill Text
No bill text available