MO HB1718

Caps liability for the state of Missouri and political subdivisions at $2 million for all claims arising from a single occurrence and $300,000 for any one person per accident or occurrence

Defines "purchase" of liability insurance narrowly to mean only direct acquisition from an insurance company, excluding indirect arrangements such as being named as an additional insured on another party's policy

Prohibits punitive or exemplary damages in any award against a public entity under these provisions

Requires annual adjustment of liability caps each January 1st based on the Implicit Price Deflator for Personal Consumption Expenditures, with the applicable limit determined by the date of the accident or occurrence

Allows any party to petition circuit court to apportion damages among multiple claimants when total awards exceed $2 million, with individual shares capped at $300,000