Effective - 28 Aug 2006
383.225. Insurer defined — prohibitions on insurers — failure to provide notice, continuation of coverage. — 1. As used in this section, "insurer" includes every insurance company authorized to transact business in this state, every unauthorized insurance company transacting business pursuant to chapter 384, every risk retention group, every insurance company issuing policies or providing benefits to or through a purchasing group, and any other person providing medical malpractice insurance coverage in this state.
2. Notwithstanding any other provision of law, no insurer shall, with regards to medical malpractice insurance, as defined in section 383.150:
(1) Fail or refuse to renew the insurance without first providing written notice by certified United States mail to the insured at least sixty days prior to the effective date of such actions, unless such failure or refusal to renew is based upon a failure to pay sums due or a termination or suspension of the health care provider's license to practice medicine in the state of Missouri, termination of the insurer's reinsurance program, or a material change in the nature of the insured's health care practice; or
(2) Cease the issuance of such policies of insurance in the state of Missouri without first providing written notice by certified United States mail to the insured and to the Missouri department of commerce and insurance at least one hundred eighty days prior to the effective date of such actions.
3. Any insurer that fails to provide the notice required under subdivision (1) of subsection 2 of this section shall, at the option of the insured, continue the coverage for the remainder of the notice period plus an additional thirty days at the premium rate of the existing policy.
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(L. 2006 H.B. 1837 § 383.450)
Structure Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 383 - Malpractice Insurance
Section 383.005 - Definitions.
Section 383.016 - Articles of association and bylaws, additional contents.
Section 383.020 - Director to issue license, when.
Section 383.033 - Association treated as mutual insurance company, tax purposes.
Section 383.037 - Rates, requirements.
Section 383.040 - Medical malpractice association exempt from premium tax.
Section 383.060 - Definitions.
Section 383.062 - Reports of real estate malpractice, contents.
Section 383.067 - Immunity granted person reporting and director.
Section 383.069 - Confidentiality of information and reports.
Section 383.075 - Definitions.
Section 383.077 - Reports of legal malpractice claims, contents.
Section 383.079 - Duty of director to issue statistical summary.
Section 383.081 - Immunity granted person reporting and director.
Section 383.083 - Confidentiality of information and reports.
Section 383.100 - Definitions.
Section 383.107 - Publication of market rate.
Section 383.108 - Publication of comparison of base rates.
Section 383.110 - Reports, when due, form of.
Section 383.115 - Information confidential, exception.
Section 383.120 - Immunity granted persons reporting and to director.
Section 383.130 - Definitions.
Section 383.150 - Definitions.
Section 383.165 - Additional first year charge to policyholders.
Section 383.170 - Persons eligible to apply for coverage — eligibility requirements.
Section 383.175 - Board of directors, composition — expenses, payment of authorized.
Section 383.180 - Annual statement, when due, contents of.
Section 383.185 - Annual examination required, cost of, how paid.
Section 383.190 - Appeals and review.
Section 383.195 - Termination of plan, when.
Section 383.200 - Definition of insurer.
Section 383.203 - Rates filed with director — form — open to public, copies.
Section 383.209 - Rate increases over fifteen percent prohibited without notice, exception.