MO SB691

Insurers must provide 30 days' notice before canceling personal lines policies, or 10 days' notice for nonpayment of premium with a specific bold-type notice stating the cancellation is final.

Cancellation notices must state the insurer's actual reason in clear, specific terms understandable to a person of average intelligence, prohibiting vague generalized terms like "personal habits" or "poor morals."

Issuance of a cancellation notice constitutes a present and unequivocal act of cancellation; insurers may reinstate policies if the reason for cancellation is remedied and may send related communications without voiding the cancellation.

Auto insurance renewal notices must be sent at least 15 days before the effective date by first class mail or electronically if requested, and must include the insured's name, vehicle covered, total premium amount, and effective date.

Beginning January 1, 2015, the Missouri basic property insurance plan may issue supplemental sinkhole loss policies on habitational property for sudden earth collapse caused by water action on limestone, covering only the habitational structure and its contents if damage occurs.