SECOND REGULAR SESSION
HOUSE BILL NO. 1510
92ND GENERAL ASSEMBLY
INTRODUCED BY REPRESENTATIVES MEADOWS (Sponsor), CARNAHAN, ZWEIFEL, SELBY,
HARRIS (110), DARROUGH AND SAGER (Co-sponsors).
Read 1st time February 18, 2004, and copies ordered printed.
STEPHEN S. DAVIS, Chief Clerk
To amend chapter 379, RSMo, by adding thereto one new section relating to property insurance.
Be it enacted by the General Assembly of the state of Missouri, as follows:
Section A. Chapter 379, RSMo, is amended by adding thereto one new section, to be known as section 379.135, to read as follows:
379.135. No insurer offering property insurance policies in this state shall increase its premium rates for the same coverage under any such property insurance policy by more than twenty-five percent in any one calendar year. Such limitation on premium rate increases shall not apply if physical changes in the property insured increase the hazards originally insured.