Effective - 01 Jul 2002
303.412. Reporting by insurance companies, frequency, required information — revenue to notify department of violation, penalty, exceptions. — 1. Beginning March 1, 2003, before the seventh working date of each calendar month, all licensed insurance companies in this state shall provide to the designated agent a record of all policies in effect on the last day of the preceding month. This subsection shall not prohibit more frequent reporting.
2. The record pursuant to subsection 1 of this section shall include the following:
(1) The name, date of birth, driver's license number and address of each insured;
(2) The make, year and vehicle identification number of each insured motor vehicle;
(3) The policy number and effective date of the policy.
3. The department of revenue shall notify the department of commerce and insurance of any insurer who violates any provisions of this act. The department of commerce and insurance may, against any insurer who fails to comply with this section, assess a fine not greater than one thousand dollars per day of noncompliance. The department of revenue may assess a fine not greater than one thousand dollars per day against the designated agent for failure to complete the project by the dates designated in sections 303.400 to 303.415 unless the delay is deemed beyond the control of the designated agent or the designated agent provides acceptable proof that such a noncompliance was inadvertent, accidental or the result of excusable neglect. The department of commerce and insurance shall excuse the fine against any insurer if an assessed insurer provides acceptable proof that such insurer's noncompliance was inadvertent, accidental or the result of excusable neglect.
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(L. 1999 S.B. 19 § 5, A.L. 2000 H.B. 1797)
Effective 7-01-02
Expires 6-30-07
Structure Missouri Revised Statutes
Title XIX - Motor Vehicles, Watercraft and Aviation
Chapter 303 - Motor Vehicle Financial Responsibility Law
Section 303.010 - Title of law.
Section 303.020 - Definitions.
Section 303.022 - Applicability of certain state statutes to motor vehicle liability policies, when.
Section 303.039 - Effective date for sections 303.025 and 303.041.
Section 303.044 - Proof of financial responsibility required for reregistration.
Section 303.045 - Records, where kept — destroyed, when.
Section 303.050 - Security, form and amount — reduced, when.
Section 303.051 - Judgment-creditor entitled to notice of security held.
Section 303.060 - Security deposited with director of revenue — used to pay judgment — return.
Section 303.070 - Operator not subject to security and suspension provisions, when.
Section 303.080 - Where operator has no license or is nonresident, procedure.
Section 303.090 - Report of failure to satisfy judgment — procedure as to nonresident.
Section 303.110 - Suspension not lifted or license renewed, when — effect of bankruptcy.
Section 303.120 - Judgments deemed satisfied, when.
Section 303.130 - License continued on order allowing installment payment of judgment, when.
Section 303.140 - License suspension lifted, when.
Section 303.160 - Proof of financial responsibility, how given.
Section 303.170 - Proof of responsibility by insurance certificate.
Section 303.175 - Motor vehicle liability policy, minimum term, exceptions.
Section 303.179 - Alteration, production or sale of invalid insurance card, misdemeanor.
Section 303.180 - Proof of responsibility by nonresident by insurance certificate, accepted when.
Section 303.190 - Motor vehicle liability policy, contents.
Section 303.210 - Notice of cancellation of insurance to be given director.
Section 303.220 - Certificate of self-insurance — cancelled, when.
Section 303.230 - Surety bond as proof of responsibility.
Section 303.240 - Cash deposit as proof of responsibility.
Section 303.250 - Owner may give proof for employees or family members.
Section 303.260 - Substitution of one proof of responsibility for another.
Section 303.270 - Director may require different proof, when.
Section 303.280 - Release of proof and waiver of proof, when.
Section 303.290 - Director's duties — regulations — judicial review.
Section 303.300 - Driver's records available upon request.
Section 303.310 - Report and decision to be no evidence of negligence — may be evidence, when.
Section 303.315 - Copies of suspension orders, constitute evidence.
Section 303.320 - Vehicle not registered until bona fide transfer.
Section 303.330 - License and registration returned to director, when.
Section 303.340 - Law not to apply to certain automobile insurance policies.
Section 303.350 - Chapter not applicable to government or common carriers.
Section 303.360 - Not to operate retrospectively.
Section 303.370 - Offenses, penalties.