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MO HB306
Bill
Status
1/7/2015
Primary Sponsor
Kimberly Gardner
Click for details
AI Summary
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Commercial casualty insurance policies issued in Missouri on or after January 1, 2016, must provide coverage for all direct physical losses resulting from riot or civil commotion
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Coverage must include looting occurring at the time and place of a riot or civil commotion, as well as losses caused by striking employees occupying the premises
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Insurers must offer coverage for loss of business income or business interruption caused by riot or civil commotion that prevents a business from opening or operating
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Business income coverage must include situations where a civil authority's actions prevent the business from operating
Legislative Description
Requires all commercial casualty insurers to provide coverage for direct physical losses and offer coverage for business income losses due to riot or civil commotion
Last Action
Referred: Property, Casualty, and Life Insurance(H)
5/15/2015