reglab/statecodes huggingface dataset:
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 5 - Professional Malpractice › Section 20 CSR 500-5.200 - Definition of Medical Malpractice Insurance as Used in Section 383.500, RSMo

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule will define medical malpractice
				  insurance.
The term medical malpractice insurance as set forth in
				  section
				  383.500,
				  RSMo 1986 does not include medical malpractice insurance issued by an offshore
				  insurer that is not an insurer licensed to sell medical malpractice insurance
				  in Missouri by the Missouri Department of Insurance unless the offshore insurer
				  is an eligible surplus lines insurer pursuant to Chapter 384,
				  RSMo.
*Original authority: 374.045, RSMo
					 1967.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 6 - Workers' Compensation and Employers' Liability › Section 20 CSR 500-6.100 - Policy and Endorsement Forms

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines language, removes
				  an unnecessary countersignature requirement, and updates statutory
				  authority.
(1) All insurers
				issuing Workers' Compensation and employers' liability policies in this state
				shall:
(A) Submit all policy forms to the
				department for specific approval prior to offering, selling, or negotiating
				such coverage;
(B) Submit all
				endorsements related to the basic policy that have not been submitted by a
				filing agency on behalf of its members and subscribers;
(C) Employ the use of the standard provisions
				for Workers' Compensation and employers' liability policies;
(D) Attach an approved form entitled
				"Application of Limits of Liability Endorsement-Missouri" to all policies of
				Workers' Compensation and employers' liability insurance issued in Missouri;
				and
(E) Exclude any agreement,
				warranty, or representation by the insured pertaining to prior cancellation or
				refusal to renew coverage by a previous insurance carrier.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 6 - Workers' Compensation and Employers' Liability › Section 20 CSR 500-6.300 - Self-Insurance

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment removes unnecessary signature
				  requirements, streamlines and conforms language to other current law, and
				  clarifies the scope of the department's role in Second Injury Fund
				  matters.
PURPOSE: This rule implement s section
				  287.280,
				  RSMo when the payroll, the experience, and the pre- mium of individual
				  employers within a group are so diverse that they require the calculation of
				  the premium applicable to individual employers within the group in order to
				  determine each employer's tax and Second Injury Fund surcharge
				  liability.
(1) Employers that
				choose to self-insure as a group, and qualify to do so, shall-
(A) Be liable, either individually or as a
				group, for the payment of the Workers' Compensation self-insurance premium tax
				and Second Injury Fund surcharge certified by the director and the Department
				of Labor and Industrial Relations;
(B) Be responsible, either individually or as
				a group, for maintaining and reporting to the director or to the Department of
				Labor and Industrial Relations employer payroll records, medical and
				compensation paid, and losses incurred, including reserves to or on behalf of
				injured employees;
(C) Compile,
				compute, and submit premium tax information on forms furnished by the
				department, which may be obtained from its website or by request;
(D) Subject all payroll records, loss
				records, insurance rating and premium computations, and reserves that are
				pertinent to the premium tax liability and Second Injury Fund surcharge
				liability of qualified self-insured employers to audit and examination by the
				director of insurance or the director's designee.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 6 - Workers' Compensation and Employers' Liability › Section 20 CSR 500-6.500 - Performance Standards for Workers' Compensation Carriers

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines language and
				  updates statutory authority.
PURPOSE: This rule establishes minimum standards of
				  performance for carriers writing Workers' Compensation coverage with regard to
				  the writing of policies, auditing and billing accounts, and servicing. This
				  rule was adopted pursuant to the provisions of section
				  374045., RSMo and implements
				  section 287310., RSMo.
(1) Policy Service Standards.
(A) All policies are to be issued within
				sixty (60) days of the receipt of the application. Renewal policies are to be
				issued within sixty (60) days of receipt of the deposit premium. This
				subsection is not applicable if there exists a written agreement between the
				policyholder and the insurance company to delay the issuance of the
				policy.
(B) Endorsements are to be
				issued within sixty (60) days of the receipt of the request. This subsection is
				not applicable if there exists a written agreement between the policyholder and
				the insurance company to delay the issuance of the endorsement .
(C) Reinstatement notices are to be issued
				within thirty (30) days after the request for reinstatement has been received
				and the premium due has been paid.
(D) Certificates of insurance are to be
				mailed within five (5) working days of receipt of the request.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 6 - Workers' Compensation and Employers' Liability › Section 20 CSR 500-6.600 - Effective Date of Experience Rating Modification

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule sets standards for the use of
				  experience rating modification and other similar modifications applicable to
				  Workers' Compensation insurance policies.
(1) An insurer shall not implement an
				increase in premiums through the application of an experience rating
				modification factor, assigned risk adjustment program (ARAP) factor, or other
				surcharge authorized by the Department of Insurance after the effective date of
				the policy (or at the anniversary date of the policy, if different), unless the
				insured is issued an endorsement describing the potential of the pending
				increase when the policy is issued.
(2) An insurer shall not apply an increase
				specified in section (1) of this rule retroactively.
(3) Any factor or other surcharge specified
				in section (1) applied after the policy effective date (or anniversary rating
				date, if different) which increases premiums shall not become effective until
				sixty (60) days after the date the insurer provides written notification to the
				insured of the increase.
(4) Any
				modification of a type specified in section (1) of this rule but which results
				in a premium reduction shall not be subject to the restrictions in sections (2)
				and (3) and shall be retroactive to the policy inception date.
(5) For the purposes of the rates filed in
				compliance with section 287.320, RSMo, it shall be considered unreasonable and
				inadequate to develop rates based on data which excludes premiums that would
				have been collected except for the restrictions set forth in this rule.
				Actuarial estimates would be acceptable to demonstrate the impact of this
				rule.
(6) Sections (2) and (3)
				shall not apply when any delay in the application of the modification factor
				increase or surcharge increase is due to the policyholder's failure in
				providing necessary data for the development of the factor or surcharge,
				provided that requests for data are timely and adequately documented.
(7) This rule is applicable only to portions
				of an insurance policy which provide coverage for risks principally localized
				in Missouri.
*Original authority: 287.320, RSMo 1939, amended 1982, 1992
					 and 374.045, RSMo 1967.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 6 - Workers' Compensation and Employers' Liability › Section 20 CSR 500-6.700

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 287.135, RSMo 1993, and 374.045, RSMo
					 1967, amended 1993, 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.020 - Scope and Definitions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule sets out the scope of the rules in
				  this chapter and provides definitions to aid in the interpretation of the rules
				  in this chapter.
(1)
				Applicability of Rules. The rules in this chapter apply to title insurers,
				title agencies and title agents transacting the business of insurance in this
				state under Chapter 381, RSMo. The rules shall be read together with Chapter
				536, RSMo.
(2) Definitions. As used
				in this chapter, the following terms shall mean:
(A) "Closing protection letter," a letter
				issued on behalf of a title insurer, which indemnifies a buyer, lender, or
				seller solely against losses not to exceed the amount of settlement funds
				because of the acts set forth in section
				381.058,
				RSMo;
(B) "Closing protection fee,"
				the consideration paid by or on behalf of the buyer, borrower, lender, or
				seller for a closing protection letter calculated from the rate filed with the
				director;
(C) "Director," the
				director of the department;
(D)
				"Department," the Department of Insurance, Financial Institutions and
				Professional Registration;
(E)
				"Material transaction," a single transaction with a monetary value of one
				hundred dollars ($100) or more, or the aggregate of any series of transactions
				with a monetary value of six hundred dollars ($600) or more, during the
				reporting period and which are between the agency and a party with a financial
				interest in the agency or in which the agency holds a financial interest.
				Material transactions shall not include:
1.
				Employee salaries or bonuses; or
2.
				Profit distributions in proportion to financial interests; or
3. Any payment reflected on a settlement
				statement or pursuant to an escrow agreement; or
4. Any payment to a realtor for
				commission;
(F)
				"Residential real estate transaction," the sale, purchase, financing, or
				refinancing of a house or other dwelling designed principally for the occupancy
				of from one to four (1-4) families, but does not include transactions involving
				real estate designed for business, commercial, or agricultural
				purposes;
(G) "Title insurance
				premium," the premium in a title insurance transaction;
(H) "Title service charge," any charge as
				defined in
				20 CSR 500-7.100,
				except for any closing protection fee or any fee for the handling of escrows,
				settlements, or closing;
(I)
				"Premium," as defined in section 381.031.14, RSMo 1994, and reviewed under
				section
				381.171, RSMo 1994;
				and
(J) "Price estimate," a good
				faith estimate or prediction of prices based upon information presented at the
				time of the estimate.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.050 - Disclosure of Premiums and Charges

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements the disclosure of
				  material price information pursuant to sections
				  381.019 and
				  375.144,
				  RSMo.
(1) Disclosure with
				Title Order.
(A) When a prospective purchaser
				of title insurance or other party to the residential real estate transaction
				contacts a title insurer, title agency, or title agent to order a title
				insurance policy, the following price estimate must be disclosed:
1. Title insurance premium as calculated
				based upon the filed title insurance risk rate(s);
2. Closing protection fee as calculated based
				upon the filed closing protection rate;
3. Title service charges including, but not
				limited to, abstracts and search and examination fees; and
4. Closing or settlement charges.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.060 - Disclosure of Coverage Limitation

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation prescribes requirements for
				  customer disclosure for limitations of coverage in some
				  circumstances.
(1) Lender's
				Title Insurance Limitation. Pursuant to section 381.015.2, RSMo, in those
				purchase transactions where a lender's title insurance policy is to be issued
				simultaneously with the purchase of all or part of the real estate securing the
				loan and where no owner's title insurance policy has been requested, a title
				insurer, title agency, or title agent shall give written notice that the
				lender's title insurance policy does not provide title insurance protection to
				the purchaser-mortgagor, and that the purchaser-mortgagor may obtain an owner's
				title insurance policy within sixty (60) days of closing at a specified or
				approximate cost. The disclosure shall be made using a Notice of Availability
				of Owner's Title Insurance form (Form T-2), or any form that substantially
				comports with the specified form.
(2) Closing and Settlement Risk.
(A) Title insurers, agencies and agents
				making disclosure under subsections 5 and 6 of section
				381.022,
				RSMo, may make this disclosure to the unprotected person with a Notice of
				Closing or Settlement Risk form (Form T-3), or any form that substantially
				comports with the specified form.
(B) The authority of a title insurer under
				section 381.058.3, RSMo, to issue a closing protection letter extends only to
				transactions in which it is issuing a title insurance policy and its issuing
				agent or agency is performing closing or settlement services.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.070 - Affiliated Business Arrangements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation prescribes requirements for
				  disclosure to customers and reporting to the director of affiliated business
				  arrangements.
(1) Disclosure
				to Customer.
(A) It is unlawful for a title
				insurer, title agency or title agent to accept an order for title services from
				any producer with an affiliated business arrangement, unless contemporaneous
				with the referral, the title insurer, title agency or title agent discloses the
				affiliated business arrangement or has taken reasonable steps to verify that
				the producer has disclosed the arrangement. Disclosure to its customer of the
				existence of the affiliated business arrangement may be made by using the
				Affiliated Business Disclosure form (Form T-4), or any form that substantially
				comports with the specified form.
(B) The disclosure required by this rule may
				be made in combination with all disclosures made under rule
				20 CSR
				500-7.050.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.080 - Insurer's Annual On-site Review

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation prescribes requirements for
				  the minimum threshold level of review, standards of review, and the approved
				  review report to the director for the insurer's annual on-site review of title
				  agencies or title agents. This report to the director is a review report and is
				  not intended to limit the actions of insurers in performing more detailed
				  reviews.
(1) Annual On-site
				Review Required Under Certain Circumstances.
(A) Insurers must conduct in each calendar
				year, after the initial contract year, an on-site review of agent/agency
				practices for each agent or agency that is currently appointed as a policy
				issuing agent. A report of such review shall be made to the director pursuant
				to subsection (2)(A) of this rule.
(B) The on-site review required under this
				rule constitutes minimum insurer review levels.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.090 - Special Circumstances for Policy Delay

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation prescribes the special
				  circumstances which may delay compliance with the requirement that title
				  policies be issued within forty-five (45) days after compliance with the
				  requirements of the commitment.
(1) "Meeting the requirements," means the
				receipt of documents or completion of tasks set out in the requirements section
				of the commitment or Schedule B-1; or, if the commitment does not have
				requirements, then receipt of documents and/or completion of tasks required by
				the closing instructions to create the estate to be insured.
(2) A title policy must be issued within
				forty-five (45) days after meeting the requirements of the commitment, except
				in the following circumstances:
(A) The title
				insurer, title agency or title agent has filed, in the office of the recorder
				of deeds, the deed and/or security instruments, but the deed and/or security
				instruments have not yet been recorded; or
(B) Commitment, policy, recording costs, and
				other fees have not been paid to the title agent or agency; or
(C) Commitment, policy, recording costs, and
				other fees have not been paid to the insurer if the policy is to be issued
				directly by the insurer.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.100 - Rate Schedules

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation prescribes procedures to be
				  followed by title insurers when filing rate schedules with the
				  director.
(1) Definitions. As
				used in this regulation, the following terms shall mean:
(A) Charge means any fee charged to the
				insured, or paid for the benefit of the insured, for the performance of
				title-related services other than the risk rate charged for title insurance.
				This charge shall include, but not be limited to, fees for abstracts, title
				search and examination and handling of escrows, settlements, or closings;
				and
(B) Risk rate means the total
				consideration paid by or on behalf of the insured for a title insurance policy.
				Risk rate shall include the title insurance agent's commission but shall not
				include any charge as defined in subsection (1)(A).
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.130 - Insurance and Closing Protection Form Filings

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation prescribes requirements for
				  forms to be used in this state and filing procedures with the
				  director.
(1) Title Insurance
				Commitments, Policies and Other Forms.
(A) No
				title insurer in this state shall issue or agree to issue any standard form of
				title insurance binder, title insurance commitment, preliminary report, title
				insurance policy, title insurance form endorsement, other contract of title
				insurance or any related form unless the forms have been filed with the
				director as required by section
				381.085,
				RSMo. A form is standard if the form is to be applied in more than one (1)
				instance. The filing must be received by the director at least thirty (30) days
				before the use of the form.
(B) No
				policy, standard form endorsement or simultaneous instrument which provides
				title insurance coverage shall be issued unless it contains the premium
				collected for the issuance of the policy as calculated from the filed risk rate
				for the policy.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 7 - Title › Section 20 CSR 500-7.200 - Standards for Policy Issuance

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements section
				  381.071,
				  RSMo 2000 relating to the duties of a title insurance company before writing a
				  title insurance policy.
(1)
				Examination of Title. Before a title insurance policy is written, the title
				insurer or its licensed agent shall cause a search of the title which is to be
				insured. The search of the title shall be based upon evidence prepared from a
				current set of records maintained in order to show all matters affecting the
				title to the property or interest which is to be insured for a continuous
				period of not less than the immediate past forty-five (45) years, except for
				the time table allowed by section 381.071.1(1), RSMo (Cum. Supp. 1989) for a
				gradual compliance. The set of records used in the search of the title shall be
				indexed geographically and shall encompass all properties in the county for
				which the set of records is maintained.
(2) Exceptions.
(A) An attorney licensed to practice law in
				this state is not required to base an examination of title upon a set of
				records geographically indexed if s/he personally inspected the best title
				evidence available.
(B) If a set of
				records geographically indexed is not in existence in the county where the
				property subject to examination of title is located, the title insurance policy
				shall be based upon the best title evidence available.
(C) If evidence for an examination of title
				cannot be obtained from a set of records geographically indexed at a reasonable
				charge or within a reasonable period of time, the title insurance policy shall
				be based upon the best title evidence available.
(D) The best title evidence available is that
				evidence which a reasonable and prudent person would depend upon in the conduct
				of his/her own affairs as determined by the circumstances in existence in the
				county where the subject property is located.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 8 - Forms, Procedures and Fees › Section 20 CSR 500-8.100 - Filing Fees

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes forms and procedures to
				  be followed in proceedings before the insurance department involving the filing
				  of forms with the Property and Casualty section.
(1) For the purposes of assessing a fee for
				the filing of all forms, rates and rules required to be filed with the Property
				and Casualty section of the Department of Insurance, the following shall be
				considered a filing:
(A) The submission by or
				for an insurance company of any policy form, endorsement, rates or rules shall
				be considered a filing;
(B) If any
				combination of the items mentioned in subsection (1)(A) is submitted together,
				this combination shall constitute a single filing if the items contained are
				interdependent and apply to the same class of insurance;
(C) A subsequent submission of any of the
				items mentioned in subsection (1)(A), which amends or replaces a previous
				filing, shall be considered a separate filing, including, but not limited to,
				reference filings and rate deviation filings;
(D) If any insurance company which is a
				member of a group of related insurance companies makes a filing on behalf of
				any or all of the companies in that group, the filing shall be considered as a
				separate filing for each of the companies on behalf of which the filing was
				made and each of those companies shall pay a filing fee; and
(E) Any filing resubmitted to comply with
				requests or requirements of Department of Insurance personnel shall not be
				considered a new filing.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 9 - Underwriting Rules › Section 20 CSR 500-9.100 - Required Filing of Underwriting Rules

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule states that any rule used by an
				  insurer for underwriting purposes must be filed with the Department of
				  Insurance. This rule aids in the interpretation of sections
				  379.321
				  and
				  379.475,
				  RSMo.
(1) An underwriting
				rule as that term is used in section
				379.321,
				RSMo is any "underwriting guideline" as described in this regulation.
(2)
(A)
				Each insurer subject to this regulation shall file with the department only
				those underwriting guidelines which contain the general corporate policy to use
				any of the following as a factor in determining whether to make a risk
				ineligible or limit the amount of coverage: the prospective insured's place of
				residence, gender, marital status, race, color, national origin, ancestry,
				creed, age, occupation, mental or physical impairment, or credit history;
				whether the prospective insured has had previous coverage cancelled or
				non-renewed by another insurer; whether the prospective insured had any prior
				coverage; minimum value of residential property; age of residential property.
				No insurer is required to file any underwriting guideline which does not
				contain a reference to the list in this section. No insurer is required to file
				any actuarial information or other internally generated information to support
				or explain the use of such underwriting guidelines. Written correspondence
				pertaining to individual applicants or policyholders is not considered an
				underwriting guideline.
(B) Such
				underwriting guidelines and any modifications thereof shall be filed with the
				Department of Insurance within ten (10) business days after such guideline or
				modification thereof is effective. The filing shall state the first date in
				which the underwriting guideline or modification thereof was implemented.
				20 CSR 500-8.100
				applies in regards to filing fees.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 10 - Mortgage Guaranty Insurance › Section 20 CSR 500-10.100

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; and 443.415, RSMo 1994, amended 1998, 2000,
					 2002.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 10 - Mortgage Guaranty Insurance › Section 20 CSR 500-10.200

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995, 2008.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 10 - Mortgage Guaranty Insurance › Section 20 CSR 500-10.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 375.948, RSMo 1959, amended 1978,
					 1991.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 10 - Mortgage Guaranty Insurance › Section 20 CSR 500-10.400

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 1 - Reports Other Than Annual Statement and Credit Insurance › Section 20 CSR 600-1.010 - Medicare Supplement Data Reporting

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment clarifies and
				  modernizes the rule by updating the forms utilized in reporting
				  data.
(1) Medicare supplement
				loss data must be reported annually on or before April 1 of each year for the
				twelve (12) months ending December 31 next preceding on the Medicare Supplement
				Insurance Experience Report, available on the department's website, or
				electronic equivalent.
(2)
				Mass-marketed policies are considered to be individual policies.
(3) Group insurance business is to be
				reported for all certificates issued pursuant to any group policy delivered or
				issued for delivery in this state. No group insurance business should be
				reported for group policies delivered or issued for delivery outside this
				state.
*Original authority: 374.045, RSMo 1967; 374.190, RSMo
					 1939, amended 1949, 1967; and 376.874.2, RSMo.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 1 - Reports Other Than Annual Statement and Credit Insurance › Section 20 CSR 600-1.020 - Dram Shop Cost Data Reporting

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment updates and
				  modernizes the rule.
PURPOSE: This rule interprets section
				  375.1730,
				  RSMo, and sets forth the types of cost data to be reported to the department
				  from insurers issuing coverage for dram shop liquor liability and provides for
				  the form referred to in section (3) of this rule to be available on the
				  department's website.
(1)
				Definitions. When used in this regulation-
(A) Costs associated with coverage means
				those expenses and fees incurred by insurers relating to dram shop liability
				coverage that are to be reported to the director as outlined in the data
				reporting form required by section (2) of this regulation;
(B) Data elements include premium written and
				earned, losses paid and incurred, exposures, loss adjustment expenses and
				defense costs, and other administrative and underwriting expenses included on
				the statutory state page of the annual statement;
(C) Director means the director of the
				Department of Insurance;
(D) Dram
				shop liability coverage means property and casualty liability insurance
				covering risk associated with commercial vendors licensed to sell intoxicating
				liquor by the drink for consumption on the premises; and
(E) Insurer means every insurance company
				authorized to transact insurance business in this state, every unauthorized
				insurance company transacting business pursuant to Chapter 384, RSMo, every
				risk retention group, every insurance company issuing insurance to or through a
				purchasing group, and any other person providing insurance coverage in this
				state.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.100

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 365.080, RSMo 1963, amended 1989;
					 374.045, RSMo 1967, amended 1993, 1995; 374.190, RSMo 1939, amended 1949, 1967,
					 1992; 374.210, RSMo 1939, amended 1949; 375.041, RSMo 1985, amended 1992;
					 375.936, RSMo 1959, amended 1967, 1969, 1971, 1976, 1978, 1983, 1991; 376.170,
					 RSMo 1939, 376.405, RSMo 1959, amended 1984; 376.500, RSMo 1939, amended 1965;
					 376.675, RSMo 1963, amended 1984; 376.777, RSMo 1959, amended 1984; and
					 408.280, RSMo 1961, amended 1989.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.110 - Credit Life and Accident and Sickness Rates

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment would change the
				  title and purpose statement to more accurately reflect the contents of the
				  rule, and would remove language that is duplicative of a statute. This proposed
				  amendment would also eliminate references in the text of the rule to
				  subsections which no longer exist, as they were removed by a prior
				  amendment.
PURPOSE: This rule implements the prima facie rates
				  for credit life and credit accident and health specified in section
				  385.070,
				  RSMo. It also sets forth alternative conditions and rates which will be
				  permitted for credit life insurance and credit accident and health
				  insurance.
(1) Regarding
				credit life insurance-
(A) Premium rates for
				credit life insurance are presumed reasonable if consistent with the rates set
				forth in section 385.070.1(1), RSMo; and
(B) If the credit life insurance policy is of
				a type different than those described in subsection (1)(A), premium rates for
				this policy may be determined to be reasonable if they are actuar-ially
				consistent with the rates set forth in subsection (1)(A).
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.120

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967 and 385.070, RSMo
					 1977, amended 1983, 1991, 1992.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993, 1995
					 and 375.041, RSMo 1985, amended 1992.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.400 - Credit Dismemberment Insurance

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment would replace a
				  citation to 4 CSR 140-5.020 because that rule is now
				  20 CSR
				  1140-5.020. This proposed amendment would also clarify
				  and remove unnecessary language which is provided for in the department's
				  general examination recordkeeping regulations as well as to correct punctuation
				  and spelling errors.
PURPOSE: This rule is designed to regulate the sale
				  of credit dismemberment insurance. It makes the requirements concerning credit
				  dismemberment insurance in
				  20 CSR
				  1140-5.020 of the rules of the Division of Finance
				  applicable to all creditors.
(1) When accident and health insurance is
				sold, requisitioned, or accepted by any creditor in connection with any
				extension of credit, this insurance may be in the form prescribed in section
				385.070(2),
				RSMo or in the form known as dismemberment insurance; under no circumstances
				may both types of accident and health insurance be sold in connection with the
				same extension of credit. If credit dismemberment insurance is sold,
				requisitioned, or accepted in connection with an extension of credit, this
				insurance is subject to the following requirements, restrictions, and
				qualifications:
(A) Persons Insured. Credit
				dismemberment insurance may be written on no more than one (1) person on any
				contract;
(B) Written Evidence of
				Coverage. The debtor must be provided with a copy of the dismemberment policy
				or certificate of insurance within thirty (30) days of the extension of
				credit;
(C) Availability. The
				debtor must be able to purchase credit dismemberment insurance as a separate
				and distinct coverage if the debtor so desires. Credit dismemberment insurance
				which only may be purchased in conjunction with the purchase of some other form
				of insurance is not permitted;
(D)
				Cancellation. Credit dismemberment insurance is subject to the refunding
				provisions as though it were credit life insurance issued pursuant to Chapter
				385, RSMo and corresponding rules;
(E) Insurance Not to Exceed Contract Terms.
				Credit dismemberment insurance may not exceed in amount the total indebtedness
				nor exceed the underlying contract in duration; and
(F) Minimum Standards. Credit dismemberment
				insurance must provide for a total payoff of an underlying indebtedness in the
				event of loss of the sight of one (1) eye, loss of one (1) hand at or above the
				wrist, and/or loss of one (1) foot at or above the ankle; no restrictions shall
				be permitted, that is, full benefits must be payable on any dismemberment or
				blindness which occurs during the coverage.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.500

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: see Missouri Revised Statutes, 1986
					 and Cumulative Supplement to the Revised Statutes of Missouri,
					 1993.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.510 - Time Periods and Termination of Credit Accident and Sickness Insurance

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment adds statutory
				  reference to section
				  385.045,
				  RSMo since this statute governs policy form approval for credit accident and
				  sickness and also clarifies the content of filings made with the
				  department.
PURPOSE: This regulation specified two (2) rights of
				  debtors under contracts of credit accident and sickness insurance and was
				  promulgated pursuant to the provisions of section
				  374.045,
				  RSMo and to implement sections
				  376.405,
				  376.777,
				  and
				  385.045,
				  RSMo.
(1) All credit accident
				and sickness policy and certificate forms filed pursuant to section
				385.045
				shall contain provisions that comply with the following:
(A) If the creditor and/or insurance company
				accepts a premium for credit accident and sickness insurance effecting coverage
				after any terminating age date specified in that insurance contract then that
				coverage will be extended until the end of the period for which that premium
				was paid, whether paid periodically or by single term.
(B) If a loan is rewritten necessitating
				adjustment of the term of insurance, the adjusted insurance policy or
				certificate shall not impose a new period for time limit on certain defenses
				but instead recognize the time elapsed under the provisions of the original
				policy or certificate in satisfaction of the time limit on certain
				defenses.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Section 20 CSR 600-2.600 - Credit Insurance-Indirect Compensation

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment modernizes the rule
				  by removing reference to a version of a statute that has been amended since its
				  original adoption.
(1)
				Insurance companies investing in Certificates of Deposit with financial
				institutions which are the purveyors of the company's credit insurance shall
				obtain the highest rates of return available on the investment of similar sums
				of money in the certificates at the time of investment. To determine the
				highest rate of return payable on the Certificates of Deposit, the director
				will review the rate of interest being paid by the financial institution to all
				commercial investors on similar sums of money and the rate of return received
				by the insurance company on all other Certificates of Deposit invested at
				approximately the same time with financial institutions which are not purveyors
				of its credit insurance together with any other pertinent
				information.
(2) The difference
				between the rate of return paid to the insurance company on Certificates of
				Deposit by financial institutions which are the purveyors of the company's
				credit insurance and the highest rate of return available at the time of
				purchase of the Certificates of Deposit will be considered to be direct or
				indirect compensation under section 385.070.2(3), RSMo.
*Original authority: 374.045, RSMo 1967, amended 1993;
					 385.070, RSMo 1977, amended 1983, 1991, 1992; and 385.075, RSMo
					 1977.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 2 - Credit Insurance › Exhibit A - HOUSEHOLD CONTENTS FIRE INSURANCE

Current through Register Vol. 49, No. 14, July 15, 2024
The rate applicable to credit property insurance shall be
				  $1.85 per $1000 of outstanding indebtedness per month. A minimum of $5.00 shall
				  be allowed.
*Original authority: 367.170, RSMo 1951, amended 1984;
					 374.045, RSMo 1967, amended 1993, 1995; 374.190, RSMo 1939, amended 1949, 1967,
					 1992; 375.012, RSMo 1961, amended 1965, 1967, 1981, 1993, 1997, 2001; 375.041,
					 RSMo 1985, amended 1992; 375.158, RSMo 1939, amended 1965, 1967, 1993, 2001;
					 375.936, RSMo 1959, amended 1967, 1969, 1971, 1976, 1978, 1983, 1991; 379.318,
					 RSMo 1972, 2001; 379.356, RSMo 1972; 379.470, RSMo 1947; and 408.280, RSMo
					 1961, amended 1989.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 3 - Reporting Data on Residential and Auto Insurances › Section 20 CSR 600-3.100 - Format to be Used in Reporting Data on Residential Insurance Coverages and Private Passenger Automobile Insurance

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment clarifies and
				  modernizes the rule by updating statutory references, simplifying filing
				  procedures, and utilizing modern technology. The proposed amendment also
				  clarifies whether the data submitted are open or closed
				  records.
PURPOSE: This rule states the format to be used by an
				  insurer when filing with the Department of Insurance its report of all premium
				  and loss data in accordance with sections
				  374.405
				  and
				  374.455,
				  RSMo.
(1) To comply with
				sections
				374.405
				and
				374.455,
				RSMo, insurers shall file with the Department of Insurance on or before March 1
				of each year data in an electronic format for the previous calendar year
				regarding premium and losses under those policy types defined pursuant to
				section
				374.400, RSMo as
				homeowners' insurance, dwelling owners' insurance, renters' or tenants'
				insurance, or residential fire insurance and defined pursuant to section
				374.450, RSMo as
				private automobile insurance. Insurance products known as farm owners insurance
				and mobile home insurance are also included within these defined policy
				types.
(2) The data is to pertain
				to the basic primary coverage without inclusion of data regarding any
				endorsement attached to an insurance policy, unless otherwise specified in the
				reporting instructions set forth on the department's website.
(3) The reporting instructions set forth on
				the department's website are to be followed.
(4) If an insurer has less than five hundred
				(500) annual exposures in this state during the calendar year, then that
				insurer need not report data as set forth by this rule; provided, however that
				the insurer maintain accurate data in the format provided by this rule and make
				that data available to the department upon request.
(5) Each reporting insurer's data are deemed
				trade secrets and closed records. However, data in aggregate form are deemed
				open records available for public inspection.
*Original authority: 374.045, RSMo (1967), amended 1993,
					 1995; 374.405, RSMo (1978); and 374.455, RSMo
					 (1979).
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 600 - Statistical Reporting › Chapter 3 - Reporting Data on Residential and Auto Insurances › Appendix A - REPORTING INSTRUCTIONS

Current through Register Vol. 49, No. 14, July 15, 2024
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Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.005 - Scope and Definitions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The amendment to this rule removes
				  unnecessary language that is duplicative of statutory provisions and updates
				  the statutory authority for this rule.
(1) Applicability of Rules. The rules in this
				chapter apply to insurance producers transacting business in this state
				including those licensed under section
				375018., RSMo.
(2) Definitions.
(A) "Cash premium payment," a premium payment
				made in the form of currency.
(B)
				"Certificate of Authority," the whole or part of any certificate of approval or
				charter granted by the director for any insurance company, insurer,
				association, health services corporation, health maintenance organization, or
				other legal entity insuring risk.
(C) "ERISA," the Employee Retirement and
				Income Security Act of 1974 (
				29 USC
				Section 1101 et seq.).
(D) "FINRA," the Financial Industry
				Regulatory Authority.
(E)
				"Licensee," a person licensed by Missouri to act as an insurance
				producer.
(F) "NAIC," the National
				Association of Insurance Commissioners.
(G) "NIPR," the National Insurance Producer
				Registry.
(H) "Personal insurance
				policy," any liability or risk-assuming policy, contract, subscriber agreement,
				rider, or endorsement delivered or issued for delivery in this state by an
				insurer, for the purpose of providing personal, noncommercial insurance
				coverage to an individual or family on a nongroup basis, including individual
				or family automobile, homeowners, life, annuity, health, property, or casualty
				coverage.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.010 - Insurance Producers' Examination and Licensing Procedures and Standards

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule specifies application forms and
				  fees for insurance producers and explains insurance producer licensing
				  standards and procedures.
(1)
				Application Forms. The following forms have been adopted and approved for
				filing with the department:
(A) The Uniform
				Application for Individual Insurance Producer License form (Form UA-IP),
				adopted by the NAIC on May 10, 2006, or any form which substantially comports
				with the specified form; and
(B)
				The Uniform Application for Business Entity Insurance Producer License form
				(Form UA-BEP), adopted by the NAIC on May 10, 2006, or any form which
				substantially comports with the specified form.