reglab/housing_qa huggingface dataset:
MO Rev Stat § 385.304 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.304 - Reimbursement insurance policy requirements.

Effective - 01 Jan 2008   385.304. Reimbursement insurance policy requirements. — Reimbursement insurance policies insuring service contracts issued, sold or offered for sale in this state shall state that, upon failure of the provider to perform under the contract, including the failure to return the unearned provider fee, the insurer that issued the policy shall pay or perform according to the provider's contractual obligations under the service contracts insured by the insurer. ­­-------- (L. 2007 H.B. 221)  Effective 1-01-08
MO Rev Stat § 385.308 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.308 - Deceptive practices.

Effective - 28 Aug 2007   385.308. Deceptive practices. — 1. It is unlawful for any provider to use in its name the words insurance, casualty, guaranty, surety, mutual, or any other words descriptive of the insurance, casualty, guaranty, or surety business, or any name deceptively similar to the name or description of any insurance or surety corporation, or other provider.  2. This section shall not apply to a company that was using any of the prohibited language in its name prior to August 28, 2007. However, a company using the prohibited language in its name shall disclose in its service contracts a statement in substantially the following form: "This contract is not an insurance contract.".  3. It is unlawful for a provider or its representative in its service contracts or literature to make, permit, or cause to be made any false or misleading statement, or deliberately omit any material statement that would be considered misleading if omitted, in connection with the sale, offer to sell or advertisement of a product service contract.  4. It is unlawful for a person, such as a bank, savings and loan association, or lending institution, to require the purchase of a service contract as a condition of a loan or other financing transaction.  5. It is unlawful for a person, such as a manufacturer or retailer, to require the purchase of a service contract as a condition to the sale of goods or services. ­­-------- (L. 2007 H.B. 221)
MO Rev Stat § 385.310 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.310 - Record-keeping requirements.

Effective - 01 Jan 2008   385.310. Record-keeping requirements. — 1. A provider or administrator shall keep accurate accounts, books, and records concerning transactions regulated under sections 385.300 to 385.320. However, only one set of such accounts, books, and records is required to be maintained and may be maintained by third parties provided the provisions of this section are met.  2. An administrator's or provider's accounts, books, and records shall include:  (1) Copies of each type of service contract issued;  (2) The name and address of each service contract 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 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 service contracts.  3. Except as provided in subsection 5 of this section, an administrator or provider shall retain or arrange for the retention of all records pertaining to each service contract holder for at least three years after the specified period of coverage had expired.  4. An administrator or provider may keep all records required under sections 385.300 to 385.320 on a computer disk or other similar technology. If an administrator or provider 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 or provider discontinuing business in this state shall maintain or arrange for the maintenance of its records until it furnishes the director satisfactory proof that it has discharged all obligations to contract holders in this state.  6. An administrator or provider shall make all accounts, books, and records concerning transactions regulated under sections 385.300 to 385.320 or other pertinent laws available to the director upon request. ­­-------- (L. 2007 H.B. 221)  Effective 1-01-08
MO Rev Stat § 385.312 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.312 - Termination, notice required.

Effective - 01 Jan 2008   385.312. Termination, notice required. — As applicable, an insurer that issued a reimbursement insurance policy shall not terminate or nonrenew the policy until a notice of termination has been mailed or delivered to the director. The termination or nonrenewal of a reimbursement insurance policy shall not reduce the issuer's responsibility for service contracts issued by providers prior to the date of the termination. ­­-------- (L. 2007 H.B. 221)  Effective 1-01-08
MO Rev Stat § 385.314 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.314 - Providers considered agents of insurer, when — indemnification and subrogation.

Effective - 28 Aug 2007   385.314. Providers considered agents of insurer, when — indemnification and subrogation. — 1. Providers are considered to be the agent of the insurer which issued the reimbursement insurance policy for purposes of obligating the insurer to contract holders under service contracts associated with the insurer's reimbursement policy, and the payment of premium by the provider is not a condition to the insurer's obligations for otherwise validly issued service contracts.  2. Sections 385.300 to 385.320 shall not prevent or limit the right of an insurer which issued a reimbursement insurance policy to seek indemnification or subrogation against a provider if the issuer pays or is obligated to pay the service contract holder sums that the provider was obligated to pay pursuant to the provisions of the product service contract. ­­-------- (L. 2007 H.B. 221)
MO Rev Stat § 385.316 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.316 - Investigations, administrative orders.

Effective - 28 Aug 2007   385.316. Investigations, administrative orders. — 1. The director may conduct investigations or examinations of providers, administrators, insurers, or other persons to enforce the provisions of sections 385.300 to 385.320 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 385.300 to 385.320 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 385.300 to 385.320 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 385.300 to 385.320 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 385.300 to 385.320 or a rule adopted or order issued pursuant thereto, the director may maintain a civil action for relief authorized under section 374.048.  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 § 385.318 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.318 - Rulemaking authority.

Effective - 28 Aug 2007   385.318. Rulemaking authority. — The director may promulgate rules to effectuate sections 385.300 to 385.320. 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 § 385.320 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.320 - Inapplicability.

Effective - 28 Aug 2021, 2 histories   385.320. Inapplicability. — 1. Sections 385.300 to 385.320 shall not apply to:  (1) Warranties;  (2) Maintenance agreements;  (3) Warranties, service contracts, or maintenance agreements offered by public utilities on their transmission devices to the extent they are regulated under the laws of this state;  (4) Service contracts sold or offered for sale to persons other than consumers;  (5) Service contracts sold or offered to nonresidents of this state regardless of whether the entity selling or offering such contracts is located or doing business in this state;  (6) Motor vehicle extended service contracts, as defined in section 385.200;  (7) Motor club contracts, as defined in section 385.450; or  (8) Agreements or warranties which provide for the service, repair, replacement, or maintenance of the systems, appliances, and structural components of residential or commercial real property.  2. Manufacturer's service contracts on the manufacturer's products need only comply with the provisions of sections 385.306, 385.308, and 385.316. ­­-------- (L. 2007 H.B. 221, A.L. 2021 S.B. 6)
MO Rev Stat § 385.321 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.321 - Effective date for certain sections.

Effective - 28 Aug 2007   385.321. Effective date for certain sections. — The repeal of sections 407.1200, 407.1203, 407.1206, 407.1209, 407.1212, 407.1215, 407.1218, 407.1221, 407.1224, 407.1225, and 407.1227 and the enactment of sections 385.200, 385.201*, 385.203*, 385.204, 385.205**, 385.207**, 385.208, 385.209**, 385.210, 385.211**, 385.212, 385.300, 385.301*, 385.302, 385.303*, 385.304, 385.305*, 385.306, 385.307*, 385.310, 385.311*, and 385.312, shall become effective January 1, 2008. ­­-------- (L. 2007 H.B. 221 § B)  *This section does not exist and was not contained in H.B. 221, 2007.  **This section did not exist and was not contained in H.B. 221, 2007, but was enacted in S.B. 132, 2011.
MO Rev Stat § 385.400 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.400 - Citation of law.

Effective - 01 Jan 2009   385.400. Citation of law. — Sections 385.400 to 385.436 shall be known and may be cited as the "Missouri Vehicle Protection Product Act". ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09
MO Rev Stat § 385.406 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.406 - Applicability, exceptions.

Effective - 01 Jan 2009   385.406. Applicability, exceptions. — 1. No vehicle protection product may be sold or offered for sale in this state unless the seller, warrantor, and administrator, if any, comply with the provisions of sections 385.400 to 385.436.  2. Vehicle protection product warrantors and related vehicle protection product sellers and warranty administrators complying with sections 385.400 to 385.436 are not required to comply with and are not subject to any other provisions of the state insurance code.  3. Service contract providers who do not sell vehicle protection products are not subject to the requirements of sections 385.400 to 385.436 and sales of vehicle protection products are exempt from the requirements of sections 385.200 to 385.220.  4. Warranties, indemnity agreements, and guarantees that are not provided as a part of a vehicle protection product are not subject to the provisions of sections 385.400 to 385.436.  5. Notwithstanding the provisions of sections 408.140 and 408.233, a business which is licensed and regulated under sections 367.100 to 367.215 or sections 367.500 to 367.533 may offer and sell service contracts, as defined in sections 385.200, 385.300, and 385.403, in conjunction with other transactions so long as such business complies with all other requirements of this chapter. ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09
MO Rev Stat § 385.409 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.409 - Registration required — records, content — fee — notice for failure to register.

Effective - 01 Jan 2009   385.409. Registration required — records, content — fee — notice for failure to register. — 1. A person may not operate as a warrantor or represent to the public that the person is a warrantor unless the person is registered with the department on a form prescribed by the director.  2. Warrantor registration records shall be filed annually and shall be updated within thirty days of any change. The registration records shall contain the following information:  (1) The warrantor's name, any fictitious names under which the warrantor does business in the state, principal office address, and telephone number;  (2) The name and address of the warrantor's agent for service of process in the state if other than the warrantor;  (3) The names of the warrantor's executive officer or officers directly responsible for the warrantor's vehicle protection product business;  (4) The name, address, and telephone number of any administrators designated by the warrantor to be responsible for the administration of vehicle protection product warranties in this state;  (5) A copy of the warranty reimbursement insurance policy or policies or other financial information required by section 385.412;  (6) A copy of each warranty the warrantor proposes to use in this state; and  (7) A statement indicating under which provision of section 385.412 the warrantor qualifies to do business in this state as a warrantor.  3. The director may charge each registrant a reasonable fee to offset the cost of processing the registration and maintaining the records in an amount not to exceed five hundred dollars annually or as set by regulation. The information in subdivisions (1) and (2) of subsection 2 of this section shall be made available to the public.  4. If a registrant fails to register by the renewal deadline, the director shall give him or her written notice of the failure and the registrant will have thirty days to complete the renewal of his or her registration before he or she is suspended from being registered in this state.  5. An administrator or person who sells or solicits a sale of a vehicle protection product but who is not a warrantor shall not be required to register as a warrantor or be licensed under the insurance laws of this state to sell vehicle protection products. ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09
MO Rev Stat § 385.412 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.412 - Vehicle protection products, no offer for sale unless warrantor ensures adequate performance.

Effective - 01 Jan 2009   385.412. Vehicle protection products, no offer for sale unless warrantor ensures adequate performance. — No vehicle protection product shall be sold or offered for sale in this state unless the warrantor conforms to either subdivision (1) or (2) of this section in order to ensure adequate performance under the warranty. No other financial security requirements or financial standards for warrantors shall be required. The vehicle protection product's warrantor may meet the requirements of this section by:  (1) Obtaining a warranty reimbursement insurance policy issued by an insurer authorized to do business within this state which provides that the insurer will pay to, or on behalf of, the warrantor one hundred percent of all sums that the warrantor is legally obligated to pay according to the warrantor's contractual obligations under the warrantor's vehicle protection product warranty. The warrantor shall file a true and correct copy of the warranty reimbursement insurance policy with the director. The policy shall contain the provisions required in section 385.415; or  (2) Maintaining a net worth or stockholder's equity of fifty million dollars. The warrantor shall provide the director with a copy of the warrantor's or warrantor's parent company's most recent Form 10-K or Form 20-F filed with the Securities and Exchange Commission within the last calendar year, or if the warrantor does not file with the Securities and Exchange Commission, a copy of the warrantor or the warrantor's parent company's audited financial statements that shows a net worth of the warrantor or its parent company of at least fifty million dollars. If the warrantor's parent company's Form 10-K, Form 20-F, or audited financial statements are filed to meet the warrantor's financial stability requirement, then the parent company shall agree to guarantee the obligations of the warrantor relating to warranties issued by the warrantor in this state. The financial information filed under this subdivision shall be confidential as a trade secret of the entity filing the information and not subject to public disclosure if the entity is not required to file with the Securities and Exchange Commission. ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09
MO Rev Stat § 385.415 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.415 - Warranty reimbursement insurance policy requirements.

Effective - 01 Jan 2009   385.415. Warranty reimbursement insurance policy requirements. — No warranty reimbursement insurance policy shall be issued, sold, or offered for sale in this state unless the policy meets the following conditions:  (1) The policy states that the issuer of the policy will reimburse or pay on behalf of the vehicle protection product warrantor all covered sums which the warrantor is legally obligated to pay or will provide that all service that the warrantor is legally obligated to perform according to the warrantor's contractual obligations under the provisions of the insured warranties sold by the warrantor;  (2) The policy states that in the event payment due under the terms of the warranty is not provided by the warrantor within sixty days after proof of loss has been filed according to the terms of the warranty by the warranty holder, the warranty holder may file directly with the warranty reimbursement insurance company for reimbursement;  (3) The policy provides that a warranty reimbursement insurance company that insures a warranty shall be deemed to have received payment of the premium if the warranty holder paid for the vehicle protection product and insurer's liability under the policy shall not be reduced or relieved by a failure of the warrantor, for any reason, to report the issuance of a warranty to the insurer; and  (4) The policy has the following provisions regarding cancellation of the policy:  (a) The issuer of a reimbursement insurance policy shall not cancel such policy until a notice of cancellation in writing has been mailed or delivered to the director and each insured warrantor sixty days prior to cancellation of the policy;  (b) The cancellation of a reimbursement insurance policy shall not reduce the issuer's responsibility for vehicle protection products sold prior to the date of cancellation; and  (c) In the event an insurer cancels a policy that a warrantor has filed with the director, the warrantor shall do either of the following:  a. File a copy of a new policy with the director, before the termination of the prior policy; or  b. Discontinue offering warranties as of the termination date of the policy until a new policy becomes effective and is accepted by the director. ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09
MO Rev Stat § 385.421 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.421 - Warranty to contain cancellation terms and conditions — written notice of cancellation required.

Effective - 01 Jan 2009   385.421. Warranty to contain cancellation terms and conditions — written notice of cancellation required. — 1. No vehicle protection product may be sold or offered for sale in this state unless the vehicle protection product warranty states the terms and conditions governing the cancellation of the sale and warranty, if any.  2. The warrantor may only cancel the warranty if the warranty holder does any of the following:  (1) Fails to pay for the vehicle protection product;  (2) Makes a material misrepresentation to the seller or warrantor;  (3) Commits fraud; or  (4) Substantially breaches the warranty holder's duties under the warranty.  3. A warrantor cancelling a warranty shall mail written notice of cancellation to the warranty holder at the last known address of the warranty holder in the warrantor's records at least thirty days prior to the effective date of the cancellation. The notice shall state the effective date of the cancellation and the reason for the cancellation. ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09
MO Rev Stat § 385.424 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 385 - Credit Insurance and Service Contracts|Section 385.424 - Prohibited use of names and terms.

Effective - 01 Jan 2009   385.424. Prohibited use of names and terms. — 1. Unless licensed as an insurance company, a vehicle protection product warrantor shall not use in its name, contracts, or literature the words "insurance", "casualty", "surety", "mutual", or any other word that is descriptive of the insurance, casualty, or surety business or that is deceptively similar to the name or description of any insurance or surety corporation or any other vehicle protection product warrantor. A warrantor may use the term "guaranty" or a similar word in the warrantor's name. A warrantor or its representative shall not in its vehicle protection product warranties or literature make, permit, or cause to be made any false or misleading statement, or deliberately omit any material statement that would be considered misleading if omitted, in connection with the sale, offer to sell, or advertisement of a vehicle protection product warranty.  2. A vehicle protection product seller or warrantor may not require as a condition of financing that a retail purchaser of a motor vehicle purchase a vehicle protection product. ­­-------- (L. 2008 S.B. 930 & 947)  Effective 1-01-09