SB 0484 | Expands the obligation of the Missouri Property and Casualty Guaranty Assn. for certain claims of insolvent insurers |
Sponsor: | Loudon | |||
LR Number: | 1899S.01I | Fiscal Note: | 1899-01 | |
Committee: | Insurance and Housing | |||
Last Action: | 02/27/01 - Hearing Conducted S Insurance & Housing Committee | Journal page: | ||
Title: | ||||
Effective Date: | August 28, 2001 | |||
SB 484 - This act modifies the categories of expenses an
insured claimant may receive from the Missouri Property and
Casualty Insurance Guaranty Association on claims arising from
bodily injury, sickness, or disease. All property and casualty
insurers doing business in the state must be members of the
association, which covers any insurance claims made against an
insurer that has become insolvent. Under this act, an insured
claimant may recover for loss wages. The association shall only
be responsible for reasonable medical expenses and loss of wages
or up to the face amount or limits of the policy.
STEPHEN WITTE