Missouri Revised Statutes
Chapter 427 - Creditor Protection
Section 427.160 - Insurance not required.

Effective - 28 Aug 1997
427.160. Insurance not required. — A creditor is not required to purchase collateral protection coverage or to otherwise insure collateral. A creditor shall not be liable to a debtor or to any other person for failure to purchase collateral protection coverage, as a result of the amount or level of coverage of collateral protection coverage purchased by the creditor, or because the creditor purchased collateral protection coverage that protects only the interests of the creditor or less than all of the interests of the debtor. Sections 427.110 to 427.190 shall not create a cause of action for damages on behalf of the debtor or any other person in connection with the placement of collateral protection coverage, and violations of these sections shall not be deemed to violate the standard of care under any common law cause of action.
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(L. 1997 H.B. 257)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXVII - Debtor-Creditor Relations

Chapter 427 - Creditor Protection

Section 427.011 - Purpose of law — limitation of liability.

Section 427.021 - Definitions.

Section 427.031 - Certain persons deemed not owner of property — liability arising from contamination or pollution.

Section 427.041 - Preemption of field.

Section 427.100 - Bankruptcy of political subdivision, consent to institute action.

Section 427.110 - Collateral protection act — audit for compliance.

Section 427.115 - Definitions.

Section 427.120 - Collateral protection coverage, requirements.

Section 427.125 - Notice of placement of insurance — grace period.

Section 427.130 - Coupon book revision required, when, how.

Section 427.135 - Collateral protection coverage cancelled, when.

Section 427.140 - Unearned premiums to be refunded.

Section 427.145 - Placement of coverage.

Section 427.150 - Liability limitation, notice.

Section 427.155 - No fiduciary relationship intended.

Section 427.160 - Insurance not required.

Section 427.165 - Uniform commercial code not affected by act.

Section 427.170 - Severability — nonimpairment.

Section 427.180 - Insurer may claim protection of act.

Section 427.190 - Statute of limitations.

Section 427.200 - Lease of personal property allowed — writing required.

Section 427.220 - Commissions and consideration paid to depository institutions not to be more limited than those paid to insurance agencies — definitions.

Section 427.225 - Name of financial institution, deceptive use of, when — cause of action may be brought by whom — financial institution defined — attorney general may enforce.