Missouri Revised Statutes Chapter 303

What this document is

Missouri Revised Statutes Chapter 303 - Motor Vehicle Financial Responsibility Law (RSMo 303.010 et seq., incl. SR-22/SR-26 proof, uninsured motorist coverage 303.030, Missouri Automobile Insurance Plan 303.200) is a state statute published by Missouri Revisor of Statutes (revisor.mo.gov). It is one of the Missouri documents that insurance license exam questions are written from, including missouri property & casualty, missouri personal lines 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.

• Mo. Rev. Stat. Sec. 303.025.1 (Duty to maintain financial responsibility, residents and nonresidents)

  “however, no owner or nonresident shall be in violation of this subsection if he or she fails to maintain financial responsibility on a motor vehicle which is inoperable or being stored and not in operation.”

• Mo. Rev. Stat. Sec. 303.190.6(1) (Motor vehicle liability policy, contents)

  “(1) The liability of the insurance carrier with respect to the insurance required by this chapter shall become absolute whenever injury or damage covered by said motor vehicle liability policy occurs; said policy may not be cancelled or annulled as to such liability by any agreement between the...”

• Mo. Rev. Stat. Sec. 303.200.6(3) (Missouri automobile insurance plan for persons unable to procure insurance by ordinary means)

  “An assessment upon a member insurance company shall be in the same proportion to its share of the voluntary market premium for the type of policies written under the plan.”

• Mo. Rev. Stat. Sec. 303.042.2(2) (Suspension, effective when, length of suspension, factors considered)

  “If the person's record shows one prior violation within the immediately preceding two years, the director shall terminate the suspension ninety days after its effective date upon payment of a reinstatement fee of two hundred dollars”

• Mo. Rev. Stat. Sec. 303.024.5 (Insurance identification cards issued by insurer, contents)

  “A motor vehicle liability insurance policy, a motor vehicle liability insurance binder, receipt, or a photocopy or an image displayed on a mobile electronic device which contains the policy information required in subsection 2 of this section shall be satisfactory evidence of insurance in lieu of...”

• Mo. Rev. Stat. Sec. 303.024.1 (Insurance identification cards issued by insurer, contents)

  “Each insurer issuing motor vehicle liability policies in this state, or an agent of the insurer, shall furnish an insurance identification card to the named insured for each motor vehicle insured by a motor vehicle liability policy that complies with the requirements of sections 303.010 to 303.050,...”

• Mo. Rev. Stat. Sec. 303.190.2(3) (Motor vehicle liability policy, contents)

  “May exclude coverage against loss from liability imposed by law for damages arising out of the use of such motor vehicles by a member of the named insured's household who is a specifically excluded driver in the policy.”

• Mo. Rev. Stat. Sec. 303.200.1 (Missouri automobile insurance plan for persons unable to procure insurance by ordinary means)

  “When any such plan has been approved, all such insurance companies shall subscribe thereto and participate therein.”

• Mo. Rev. Stat. Sec. 303.020(10) (Definitions)

  “"Proof of financial responsibility", proof of ability to respond in damages for liability, on account of accidents occurring subsequent to the effective date of said proof, arising out of the ownership, maintenance or use of a motor vehicle, in the amount of twenty-five thousand dollars because of...”

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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