Missouri Revised Statutes













Chapter 379

Insurance Other Than Life

←379.880

Section 379.882.1

379.883→

August 28, 2015

Definitions for sections 379.882 to 379.886.

379.882. As used in sections 379.882 to 379.886:



(1) "Commercial casualty insurance" means casualty insurance for business

or nonprofit interests which is not for personal, family or household

purposes, and which is provided by issuance of a policy of insurance and not

merely a binder for such insurance coverage;



(2) "Director" means the director of the department of insurance,

financial institutions and professional registration;



(3) "Insurer" means all insurance companies, reciprocals or

interinsurance exchanges transacting the business of commercial casualty

insurance in this state;



(4) "Nonpayment of premium" means failure of the named insured to

discharge when due any of his obligations in connection with payment of

premiums on the policies or any installment of the premium whether the

premium is payable directly to the insurer or its agents or indirectly under

any premium finance plan or extension of credit;



(5) "Nonrenewal" means the determination of an insurer not to issue or

deliver a policy replacing at the end of the policy period a policy

previously issued and delivered by the same insurer or a certificate of

notice extending the term of a policy beyond its policy period or term;



(6) "Renewal" or "to renew" means a policy previously issued and

delivered by the same insurer or the issuance and delivery of a certificate

or notice extending the term of the policy beyond its policy period or term,

and any policy written for a term longer than one year or any policy with no

fixed expiration date shall be considered as if written for successive policy

periods or terms of one year.



(L. 1987 H.B. 700 § 22)



Effective 7-1-87







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