MO SB394

Adds section 379.828 to Missouri law allowing the Missouri Basic Property Insurance Inspection and Placement Program to issue standalone earthquake loss policies beginning January 1, 2016

Defines "earthquake loss" as physical damage from seismic events including ground shaking, liquefaction, and ground motion amplification, requiring both structural damage and uninhabitability (evidenced by government condemnation order)

Limits coverage to habitational structures only, excluding driveways, detached non-habitational structures, and land value; contents coverage applies only when the habitational structure sustains covered earthquake damage

Requires policies to supplement existing primary property coverage from a state-authorized insurer, with premiums based solely on earthquake risk for the specific property

Authorizes the plan to establish expedited approval procedures for earthquake policies and specific claims investigation procedures to distinguish earthquake damage from other forms of earth subsidence