Modifies provisions relating to the boards of directors of certain insurance companies
Informal Calendar S Bills for Perfection
Summary
The measure updates Missouri's property‑casualty insurance rules by moving money into a new Stronger Homes Fund, reducing board size requirements for insurers, and changing how insurers handle claim payments. It also caps public adjuster compensation, bans certain advertising practices, and establishes a mediation process for residential disaster claims. The changes aim to improve consumer protection, encourage home retrofits, and streamline dispute resolution after disasters.
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