Revisor Home

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

previous next Effective - 28 Aug 2004bottom

  379.825.  Issuance of policy, when — appointment of liability assumed — expenses — limits on liability. — 1.  The facility, upon receipt of an application for coverage and the corresponding inspection report from the inspection bureau, shall, after it finds that the property is eligible for insurance under this program, issue a policy.

  2.  The facility shall apportion the liability so assumed to the insurers in the manner hereinafter provided in section 379.835.

  3.  Assessments upon each insurer in the program for expenses in connection with program business shall be levied and assessed by the governing committee of the facility in the manner hereinafter provided in section 379.835, subject to such minimum assessment as shall be established by the governing committee.

  4.  Subject to the insurable value thereof, the maximum limits of liability which may be placed through this program are:  on any habitational property at one location, two hundred thousand dollars; and on any commercial property at one location, one million dollars.  The facility will endeavor to assist in placement when the requested amount of insurance exceeds the maximum limit of liability available under this program.  The word "location" as used herein means real and personal property consisting of and contained in a single building or consisting of and contained in contiguous buildings under one ownership.

­­--------

(L. 1969 H.B. 772 § 379.131, A.L. 1986 S.B. 701, A.L. 2004 H.B. 1253 merged with S.B. 1299)


---- end of effective   28 Aug 2004 ----

use this link to bookmark section  379.825


In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@05:09:31.6 37