SB 394 – Allows homeowner insurance companies to offer earthquake coverage under the "Missouri Basic Property Insurance Inspection and Placement Program"

• Sponsor: Wallingford
• LR Number: 1888S.01I
• Committee: Small Business, Insurance and Industry
• Last Action: 4/21/2015 - Hearing Conducted S Small Business, Insurance and Industry Committee
• Effective Date: August 28, 2015

Current Bill Summary

SB 394 - This act permits insurers to issue policies exclusively for earthquake loss on habitational property upon application under the "Missouri Basic Property Insurance Inspection and Placement Program". Specific procedures for earthquake loss claims investigation and expedited approval may be established by plans in addition to the procedures required under the Missouri Basic Property Inspection and Placement Program.

MICHELA BIRK