reglab/housing_qa huggingface dataset:
MO Rev Stat § 385.035 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.035 - Term of policy, prepayment of debt, effect of.

Effective - 28 Aug 1977   385.035. Term of policy, prepayment of debt, effect of. — The term of any credit life insurance or credit accident and sickness insurance, subject to acceptance by the insurer, shall commence on the date when the debtor becomes obligated to the creditor, except that, where a group policy provides coverage with respect to existing obligations, the insurance on a debtor with respect to such indebtedness shall commence on the effective date of the policy. Where evidence of insurability is required and such evidence is furnished more than thirty days after the date when the debtor becomes obligated to the creditor, the term of the insurance may commence on the date on which the insurance company determines the evidence to be satisfactory, and in such event there shall be an appropriate refund or adjustment of any charge to the debtor for insurance. The term of such insurance shall not extend more than thirty days beyond the scheduled maturity date of the indebtedness except when extended without additional cost to the debtor. If the indebtedness is discharged due to renewal or refinancing prior to the scheduled maturity date, the insurance in force shall be terminated before any new insurance may be issued in connection with the renewed or refinanced indebtedness. In all cases of loan termination prior to scheduled maturity, all credit life and credit accident and sickness insurance shall be terminated and a refund shall be paid or credited as provided in section 385.050. ­­-------- (L. 1977 H.B. 610 § 6)
MO Rev Stat § 385.040 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.040 - Policy or group certificate, contents of, delivery required — policy or certificate not delivered, effect of.

Effective - 28 Aug 1977   385.040. Policy or group certificate, contents of, delivery required — policy or certificate not delivered, effect of. — 1. All credit life insurance and credit accident and sickness insurance shall be evidenced by an individual policy, or in the case of group insurance by a certificate of insurance, which individual policy or group certificate of insurance shall be delivered to the debtor.  2. Each individual policy or group certificate of credit life insurance, or credit accident and sickness insurance, or both, shall, in addition to other requirements of law, set forth the name and home office address of the insurer, the name or names of the debtor, the premium or amount of payment by the debtor separately for credit life insurance and credit accident and sickness insurance, a description of the coverage including the amount and term thereof, and any exceptions, limitations and restrictions, and shall state that the benefits shall be paid to the creditor to reduce or extinguish the unpaid indebtedness and, wherever the amount of insurance may exceed the unpaid indebtedness, that any excess shall be payable to a beneficiary, other than the creditor, named by the debtor or to his estate.  3. The individual policy or group certificate of insurance shall be delivered to the insured debtor at the time the indebtedness is incurred except as hereinafter provided.  4. If the individual policy or group certificate of insurance is not delivered to the debtor at the time the indebtedness is incurred, a copy of the application for the policy or a notice of proposed insurance, signed by the debtor and setting forth the name and home office address of the insurer, the name or names of the debtor, the premium or amount of payment by the debtor, if any, separately for credit life insurance and credit accident and sickness insurance, the amount, term and a brief description of the coverage provided, shall be delivered to the debtor at the time the indebtedness is incurred. The copy of the application for or notice of proposed insurance, shall also refer exclusively to insurance coverage, and shall be separate and apart from the loan, sale or other credit statement of account, instrument or agreement, unless the information required by this subsection is prominently set forth therein. Upon acceptance of the insurance by the insurer and within thirty days of the date upon which the indebtedness is incurred, the insurer shall cause the individual policy or group certificate of insurance to be delivered to the debtor. The application or notice of proposed insurance shall state that, upon acceptance by the insurer, the insurance shall become effective as provided in section 385.035. ­­-------- (L. 1977 H.B. 610 § 7)
MO Rev Stat § 385.050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.050 - Revision of premium schedules, procedure for — refunds paid, when — limit on charge for credit life.

Effective - 28 Aug 2008   385.050. Revision of premium schedules, procedure for — refunds paid, when — limit on charge for credit life. — 1. Any insurer may revise its schedules of premium rates from time to time and shall file the revised schedules with the director. No insurer shall issue any credit life insurance policy or credit accident and sickness insurance policy for which the premium rate exceeds that determined by the schedules of the insurer as then approved by the director.  2. Each individual policy or group certificate shall provide that in the event of termination of the insurance prior to the scheduled maturity date of the indebtedness, any refund of an amount paid by the debtor for insurance shall be paid or credited promptly to the person entitled thereto; provided, however, that no refund of less than one dollar need be made. The formula to be used in computing the refund shall be the actuarial method of calculating refunds which produces a refund equal to the original premium multiplied by the ratio of the sum of the remaining insured balances divided by the sum of the original insured balances. In determining the number of months for which a premium is earned, the first month's premium may be considered as earned on the first day of coverage and for all successive months' premiums, on the coverage anniversary date in each successive month.  3. If a creditor requires a debtor to make any payment for credit life insurance or credit accident and sickness insurance and an individual policy or group certificate of insurance is not issued, the creditor shall immediately give written notice to the debtor and shall promptly make an appropriate credit to the account.  4. The amount charged to a debtor for any credit life or credit accident and sickness insurance shall not exceed the premiums charged by the insurer, as computed at the time the charge to the debtor is determined.  5. Nothing in sections 385.010 to 385.080 shall be construed to authorize any payments for insurance now prohibited under any statute, or rule thereunder, governing credit transactions. ­­-------- (L. 1977 H.B. 610 § 9, A.L. 2002 S.B. 895, A.L. 2008 H.B. 1893 merged with S.B. 1168)
MO Rev Stat § 385.055 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.055 - Who may issue credit life insurance.

Effective - 28 Aug 1977   385.055. Who may issue credit life insurance. — All policies and certificates of credit life insurance and credit accident and sickness insurance shall be delivered or issued for delivery in this state only by an insurer authorized to do an insurance business herein and shall be issued only through holders of licenses issued by the director. No person shall solicit, negotiate, or procure debtors to become insured under individual or group or any other form of policy unless such person is licensed as an agent, agency or broker by the director. ­­-------- (L. 1977 H.B. 610 § 10)
MO Rev Stat § 385.060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.060 - Reporting and settlement of claims — who may adjust claims.

Effective - 28 Aug 1977   385.060. Reporting and settlement of claims — who may adjust claims. — 1. All claims shall be promptly reported to the insurer or its designated claims representative, and the insurer shall maintain adequate claim files. All claims shall be settled promptly and in accordance with the terms of the insurance contract.  2. All claims shall be paid either by draft drawn upon the insurer or by check of the insurer to the order of the claimant to whom payment of the claim is due pursuant to the policy provisions, or upon direction of the claimant to one specified.  3. No plan or arrangement shall be used whereby any person, firm or corporation other than the insurer or its designated claims representative shall be authorized to settle or adjust claims. The creditor shall not be designated as claims representative for the insurer in adjusting claims. ­­-------- (L. 1977 H.B. 610 § 11)
MO Rev Stat § 385.065 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.065 - Debtor to be informed of his option to use existing policies of insurance as security — policy may be obtained from any licensed insurer.

Effective - 28 Aug 1977   385.065. Debtor to be informed of his option to use existing policies of insurance as security — policy may be obtained from any licensed insurer. — When life insurance or accident and sickness insurance is required or requested as additional security for any indebtedness, the debtor shall be informed of the option of furnishing the required amount of insurance, or any portion thereof, through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance business within this state. ­­-------- (L. 1977 H.B. 610 § 12)
MO Rev Stat § 385.075 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.075 - Regulatory powers of director.

Effective - 28 Aug 1977   385.075. Regulatory powers of director. — The director may, after notice and hearing, pursuant to section 374.045, issue the rules and regulations that he deems necessary to effectuate the purposes of sections 385.010 to 385.080, or to eliminate devices or plans designed to avoid or render ineffective the provisions of sections 385.010 to 385.080. The director may require such information as is reasonably necessary for the enforcement of sections 385.010 to 385.080. ­­-------- (L. 1977 H.B. 610 § 14)
MO Rev Stat § 385.080 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.080 - Credit life, accident and health insurance must be placed directly in companies holding a certificate of authority to do business in this state.

Effective - 28 Aug 1977   385.080. Credit life, accident and health insurance must be placed directly in companies holding a certificate of authority to do business in this state. — Credit life and credit accident and health insurance may be written or issued in Missouri only when placed directly in insurance companies duly granted certificate of authority to do such business in this state ­­-------- (L. 1977 H.B. 610 § 15)
MO Rev Stat § 385.204 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.204 - Reimbursement insurance policies, requirements.

Effective - 01 Jan 2008   385.204. Reimbursement insurance policies, requirements. — Reimbursement insurance policies insuring motor vehicle extended service contracts issued, sold, or offered for sale in this state shall conspicuously state that, upon failure of the provider to perform under the contract, such as failure to return the unearned provider fee, the insurer that issued the policy shall pay on behalf of the provider any sums the provider is legally obligated to pay or shall provide the service for which the provider is legally obligated to perform according to the provider's contractual obligations under the motor vehicle extended service contracts issued or sold by the provider. ­­-------- (L. 2007 H.B. 221)  Effective 1-01-08
MO Rev Stat § 385.205 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.205 - Delivery within commercially feasible time period — copy of contract to be delivered to consumer, when — violation, penalty.

Effective - 01 Jan 2012   385.205. Delivery within commercially feasible time period — copy of contract to be delivered to consumer, when — violation, penalty. — 1. It is unlawful for any provider that has authorized a motor vehicle extended service contract with a consumer to fail to cause delivery to the consumer of a fully executed motor vehicle extended service contract within a commercially feasible time period, but no more than forty-five days from the date the consumer's initial payment is processed. It is the mailing or actual delivery of the fully executed contract, whichever is earlier, that commences the free look period under subsection 14 of section 385.206.  2. It is unlawful for any provider, administrator, producer, or any other person who offers to a consumer a motor vehicle extended service contract to fail, upon request, to cause delivery to the consumer of an unsigned copy of the written contract prior to the time the consumer's initial payment is processed. An offeror may comply with this provision by providing the consumer with the copy or by directing the consumer to a website containing an unsigned copy of the service contract.  3. A violation of this section is a level two violation under section 374.049. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 385.210 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.210 - Record-keeping requirements.

Effective - 01 Jan 2008   385.210. Record-keeping requirements. — 1. An administrator, provider, or other intermediary shall keep accurate accounts, books, and records concerning transactions regulated by sections 385.200 to 385.220.  2. An administrator's, provider's, or other intermediary's accounts, books, and records shall include:  (1) Copies of each type of motor vehicle extended service contract issued;  (2) The name and address of each service holder to the extent that the name and address have been furnished by the service contract holder;  (3) A list of the provider locations where motor vehicle extended service contracts are marketed, sold, or offered for sale; and  (4) Claims files that shall contain at least the dates, amounts, and description of all receipts, claims, and expenditures related to the motor vehicle extended service contracts.  3. Except as provided in this section, an administrator shall retain all records pertaining to each motor vehicle extended service contract holder for at least three years after the specified period of coverage has expired.  4. An administrator, provider, or other intermediary may keep all records required under sections 385.200 to 385.220 on a computer disk or other similar technology. If an administrator, provider, or other intermediary maintains records in other than hard copy, records shall be accessible from a computer terminal available to the director and be capable of duplication to legible hard copy.  5. An administrator, provider, or other intermediary discontinuing business in this state shall maintain its records until it furnishes the director satisfactory proof that it has discharged all obligations to contract holders in this state.  6. An administrator, provider, or other intermediary shall make all accounts, books, and records concerning transactions regulated pursuant to sections 385.200 to 385.220 or other pertinent laws available to the director upon request. ­­-------- (L. 2007 H.B. 221)  Effective 1-01-08
MO Rev Stat § 385.211 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.211 - Register of business entity producers to be maintained — inspection of list — updating of registry, when.

Effective - 01 Jan 2012   385.211. Register of business entity producers to be maintained — inspection of list — updating of registry, when. — 1. A provider registered to issue motor vehicle extended service contracts in this state shall maintain a register of business entity producers who are authorized to sell, offer, negotiate, or solicit the sale of motor vehicle extended service contracts in this state, and shall make such list available for inspection upon request by the director. Within thirty days of a provider authorizing a producer to sell, offer, negotiate, or solicit motor vehicle extended service contracts, the provider shall enter the name and license number of the producer in the company registry of producers.  2. Within thirty days of a provider terminating a business entity producer's appointment to sell, offer, negotiate, or solicit motor vehicle extended service contracts, the provider shall update the registry with the effective date of the termination. If a provider has possession of information relating to any cause for discipline under section 385.209, the provider shall notify the director of this information in writing. The privileges and immunities applicable to insurers under section 375.022 shall apply to providers for any information reported under this subsection. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 385.212 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.212 - Termination, notice required.

Effective - 01 Jan 2008   385.212. Termination, notice required. — As applicable, an insurer that issued a reimbursement insurance policy shall not terminate the policy until a notice of termination, in a form and time frame prescribed by the director, has been mailed or delivered to the director. The termination of a reimbursement insurance policy shall not reduce the issuer's responsibility for motor vehicle extended service contracts issued by providers prior to the date of the termination. ­­-------- (L. 2007 H.B. 221)  Effective 1-01-08
MO Rev Stat § 385.214 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.214 - Providers considered agents of insurer, when — indemnification and subrogation.

Effective - 28 Aug 2007   385.214. Providers considered agents of insurer, when — indemnification and subrogation. — 1. Providers are considered to be the agent of the insurer that issued the reimbursement insurance policy. In cases where a provider is acting as an administrator and enlists other providers, the provider acting as the administrator shall notify the insurer of the existence and identities of the other providers.  2. The provisions of sections 385.200 to 385.220 shall not prevent or limit the right of an insurer that issued a reimbursement insurance policy to seek indemnification or subrogation against a provider if the insurer pays or is obligated to pay the service contract holder sums that the provider was obligated to pay under the provisions of the motor vehicle extended service contract or under a contractual agreement. ­­-------- (L. 2007 H.B. 221)
MO Rev Stat § 385.216 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.216 - Investigations, administrative orders.

Effective - 28 Aug 2007   385.216. Investigations, administrative orders. — 1. The director may conduct investigations or examinations of providers, administrators, insurers, or other persons to enforce the provisions of sections 385.200 to 385.220 and protect service contract holders in this state.  2. If the director determines that a person has engaged, is engaging, or is about to engage in a violation of sections 385.200 to 385.220 or a rule adopted or order issued pursuant thereto, or that a person has materially aided, is materially aiding, or is about to materially aid an act, practice, omission or course of business constituting a violation of sections 385.200 to 385.220 or a rule adopted or order issued pursuant thereto, the director may issue such administrative orders as authorized under section 374.046. A violation of this section is a level two violation under section 374.049.  3. If the director believes that a person has engaged, is engaging, or is about to engage in a violation of sections 385.200 to 385.220 or a rule adopted or order issued pursuant thereto, or that a person has materially aided, is materially aiding, or is about to materially aid an act, practice, omission or course of business constituting a violation of sections 385.200 to 385.220 or a rule adopted or order issued pursuant thereto, the director may maintain a civil action for relief authorized under section 374.048. A violation of this section is a level two violation under section 374.049.  4. The enforcement authority of the director under this section is cumulative to any other statutory authority of the director. ­­-------- (L. 2007 H.B. 221)
MO Rev Stat § 385.218 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.218 - Rulemaking authority.

Effective - 28 Aug 2007   385.218. Rulemaking authority. — The director may promulgate rules to effectuate sections 385.200 to 385.220. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2007, shall be invalid and void. ­­-------- (L. 2007 H.B. 221)
MO Rev Stat § 385.220 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.220 - Inapplicability.

Effective - 28 Aug 2021, 2 histories   385.220. Inapplicability. — 1. The provisions of sections 385.200 to 385.220 shall not apply to:  (1) Warranties;  (2) Maintenance agreements;  (3) Commercial transactions;  (4) Service contracts sold or offered for sale to persons other than consumers; or  (5) Motor club contracts, as defined in section 385.450.  2. Manufacturer's contracts on the manufacturer's products need only comply with the provisions of sections 385.206, 385.208, and 385.216. ­­-------- (L. 2007 H.B. 221, A.L. 2021 S.B. 6)