Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 500 - Property and Casualty › Chapter 2 - Automobile Insurance › Section 20 CSR 500-2.100 - Minimum Standards for Automobile Policies

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation requires the filing of
				  private passenger automobile insurance policies used in this state and
				  specifies the minimum standards to be found in them. The contents of renewal
				  certificates are specified and limitations placed on the use of restrictive
				  endorsements. This regulation was adopted pursuant to the provisions of section
				  374.045,
				  RSMo (1986) and implements sections
				  374.040,
				  375.936,
				  379.110-379.120, 379.203, 379.470, 379.475 and 379.480, RSMo
				  (1986).
(1) Documents to be
				Filed with the Director of Insurance. All insurance companies authorized to
				write private passenger automobile insurance in Missouri shall file with the
				director of insurance duplicate copies of all automobile insurance policies,
				endorsements and renewals or other extension of coverage certificates which the
				company uses in Missouri.
(2)
				Minimum Automobile Policy Standards.
(A) No
				private passenger automobile policy which conflicts with any of the criteria
				set forth in this regulation may be issued to a Missouri insured.
(B) Definition of the insured, as to an owned
				automobile, shall include-
1. The spouse if a
				resident of the same household; and
2. Any person using or any organization
				responsible for the use of the automobile with the express or implied
				permission of the named insured or spouse.
(C) Medical payments coverage shall not be
				excess over any accident and sickness insurance other than that provided under
				an automobile insurance policy unless the excess provisions are clearly
				disclosed to the insured and properly reflected in the rating of the coverage.
				This disclosure must be by endorsement or on the declarations page or by
				another method acceptable to the Department of Insurance.
(D) Physical damage coverage shall not
				exclude any attached factory-installed equipment as is usual and incidental to
				the use and operation of a private passenger automobile as a vehicle.
(E) The geographical policy territory shall
				not be less than the United States of America, its territories and possessions
				and Canada.
(F) Newly acquired and
				replacement automobile coverage provisions shall provide not fewer than thirty
				(30) days within which to advise the company of the acquisition.
(G) Uninsured motor vehicle coverage, whether
				provided within the policy or separately by endorsement, shall not-
1. Permit medical payments or Workers'
				Compensation payments set-off;
2.
				Force or force by intent, arbitration of claims;
3. Deny carrier insolvency as a basis for
				claim; and
4. Utilize any
				definition more limiting than uninsured motor vehicle as construed in section
				379.203,
				RSMo;
(H) Total theft
				supplementary coverage for loss of use must be provided under comprehensive
				coverage-
1. Not greater than a forty-eight
				(48)-hour waiting period before payment begins may be used;
2. The maximum payment shall not be less than
				ten dollars ($10) per day subject to an aggregate payment of not less than
				three hundred dollars ($300); and
3. A provision terminating these payments at
				the time the insurer extends a reasonable settlement offer is expressly
				permitted.