MO SB132

Eliminates the requirement to resubmit proof of financial responsibility (surety bond or liability insurance) with each license renewal; applicators need only provide evidence upon initial licensing or upon director's request

Increases minimum surety bond or liability insurance requirement from $25,000 to $50,000 per occurrence

Requires annual renewals of surety bonds or liability insurance to be maintained at the applicator's business location and made available for inspection during regular business hours

Mandates the director receive 20 days advance notice from surety or insurer before any cancellation or reduction of coverage

Requires applicators to furnish copies of surety bond or liability insurance certificates within 10 working days of a written request from the director