| SB 0757 | Expands the obligation of the Property and Casualty Guaranty Fund for insolvent insurer claims |
| Sponsor: | House | |||
| LR Number: | S3305.02I | Fiscal Note: | 3305-02 | |
| Committee: | Insurance and Housing | |||
| Last Action: | 02/04/98 - Hearing Conducted S Insurance & Housing Committee | Journal page: | ||
| Title: | ||||
| Effective Date: | August 28, 1998 | |||
SB 757 - This act expands the obligation of the Missouri
Property and Casualty Guaranty Association for the claims of
insolvent insurers. The obligation for claims from bodily
injury, sickness and disease is no longer limited to medical
expenses and lost wages. The policy limit will be the maximum
obligation, except that punitive damages are not included in any
covered claim, and the overall limit of $300,000 still applies.
MICHAEL HOEFERKAMP