Automobile Insurance (minimum standards 500-2.100, cancellation and nonrenewal 500-2.300)

What this document is

Missouri Code of State Regulations, Title 20 Division 500 Property and Casualty, Chapter 2 - Automobile Insurance (minimum standards 500-2.100, cancellation and nonrenewal 500-2.300) 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 500-2.100(2)(H) (Minimum Standards for Automobile Policies)

  “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”

• 20 CSR 500-2.300(3)(A) (Cancellation and Nonrenewal of Automobile Insurance)

  “A cancellation occurs whenever an insurer, directly or indirectly, terminates an automobile insurance contract or policy prior to its expiration date. If a contract or policy has a period of less than six (6) months or no fixed expiration date, it shall be considered as if written for successive...”

• 20 CSR 500-2.300(5)(A) (Cancellation and Nonrenewal of Automobile Insurance)

  “the insurance so certified shall not be canceled or terminated until at least ten (10) days after a”

• 20 CSR 500-2.300(6)(A) (Cancellation and Nonrenewal of Automobile Insurance)

  “or refusal to write a policy must contain the following notice or a notice substantially similar to: “You may obtain automobile insurance through the Missouri Automobile Insurance Plan (AIP) if you qualify. We urge you to contact any insurance producer of your choice immediately for further information.””

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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