Missouri Code of State Regulations, Title 20 Division 500 Property and Casualty, Chapter 1

What this document is

Missouri Code of State Regulations, Title 20 Division 500 Property and Casualty, Chapter 1 - Property and Casualty Insurance in General (standard fire policies 500-1.100, marine and inland marine 500-1.200 and 500-1.210, binders 500-1.300) is a regulation published by Missouri Secretary of State (sos.mo.gov), Code of State Regulations. It is one of the Missouri documents that insurance license exam questions are written from, including missouri property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 20 CSR 500-1.600 (Arbitration Provision)

  “(1) Any contract or agreement entered into containing any clause or provision providing for an adjustment by arbitration shall not preclude any party or beneficiary under the contract or agreement from instituting suit or legal action on the contract at any time and the compliance with the clause...”

• 20 CSR 500-1.100(2)(A)2. (Standard Fire Policies)

  “This policy may be canceled, not renewed, reduced in amount or adversely modified at any time by the company by giving to the insured thirty (30) days’ written notice of such action with or without tender of the excess of paid premium above the pro rata premium for the expired time, which excess,...”

• 20 CSR 500-1.210(2) (Commercial Inland Marine Insurance)

  “the Missouri Department of Commerce and Insurance in the same manner as commercial property insurance.”

• 20 CSR 500-1.300(3) and (4) (Use of Binders)

  “(3) Binder Premium Charge Required. If a binder is not replaced by an insurance policy, a binder premium charge must be made which does not exceed the pro rata amount of premium which would have been applicable for that coverage had the policy been issued. (4) The requirement as stated in section...”

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More Missouri sources

• Missouri Rev. Stat. s. 375.014 - License required to act as insurance producerState statute
• Missouri Rev. Stat. s. 375.018 - Nonresident licenseState statute
• Missouri Rev. Stat. s. 375.141 - Grounds for license disciplineState statute
• Missouri Rev. Stat. s. 375.144 - Prohibited acts; misrepresentation and fraudState statute
• Missouri Rev. Stat. s. 375.936 - Unfair trade practices definedState statute
• Missouri Revised Statutes Chapter 375 - Provisions Applicable to All Insurance Companies, first third (Secs. 375.001-375.610)State statute
• Missouri Revised Statutes Chapter 375, second third (Secs. 375.620-375.1140)State statute
• Missouri Revised Statutes Chapter 375, final third (Secs. 375.1150-375.1803)State statute