MO SB1120

Amends Section 537.058, RSMo to change terminology from "time-limited demand" to "settlement demand" and establishes a mandatory minimum 90-day window for liability insurers to accept settlement offers in personal injury, bodily injury, or wrongful death claims

Settlement demands must be in writing, reference this statute, be sent via certified mail with return receipt, and include specific information such as the monetary amount requested, date and location of loss, description of injuries, and parties to be released

Requires settlement demands to be accompanied by lists of health care providers with HIPAA-compliant authorizations, and employer information with authorizations if the claimant asserts wage loss

Non-compliant settlement demands cannot be considered a "reasonable opportunity to settle" and are inadmissible in lawsuits alleging extracontractual damages (damages exceeding policy limits) against the insurer

Excludes settlement demands issued within 90 days of a jury trial from these requirements, and requires payment periods of at least 10 days after the insurer receives a fully executed release