http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/index.html LawInfo - Legal Resource Center offers free legal forms and free legal documents that is designed to help consumers and businesses resolve their legal issues http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/the-other-insurance-company-wont-pay-for-a-re.html Not in all situations. If you have no other vehicle available, the insurer should cover the cost of a rental as part of your damages from the accident at least until they determine the loss on your car. No insurance statutes exist on this issue. Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/an-auto-insurance-company-is-not-offering-to.html MDI has the authority to determine if the insurer conducted a complete investigation prior to making their determination of fault. The Missouri Department of Insurance does not have the authority to decide issues of fault in an accident. If you do not agree with the insurer's assessment of fault, you have to ask the courts to rule on the matter or pursue your claim under your own policy of insurance. Missouri Insurance FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-a-finance-company-take-out-insurance-on-m.html Yes, if under the terms of your loan, you agree to provide comprehensive and collision insurance, and you fail to do so. The lending institution can obtain a policy to protect its interest. These policies typically do not offer liability insurance coverage to meet the state's financial responsibility (mandatory liability) laws. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-an-insurance-company-cancel-my-auto-or-ho.html Yes. If an auto policy is involved, they can cancel if the consumer fails to pay the premium or if the consumer's license has been suspended or revoked during the term of the policy. If a homeowner's policy is involved, they can cancel if the consumer fails to pay their premium, if there is a fraud or serious misrepresentation when completing the insurance application, if the consumer is convicted of a crime or if changes are made to the property that increase the risk of loss.  An insurance company can cancel a new policy for almost any reason within 60 days of the issue date of the new policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-an-insurance-company-write-an-estimate-us.html Yes, they do not have to put new parts on a used vehicle. A company only has to return the vehicle to its condition before the damage. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-credit-history-be-used-as-a-reason-to-non.html Yes. Current Missouri law does not prevent an insurer from doing so. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-health-insurance-companies-deny-my-applic.html Yes, the company has the right to deny coverage for almost any reason on a new application. However, once you are accepted for coverage the company cannot cancel your policy except for nonpayment of premium. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-my-doctor-bill-me-for-the-services-i-rece.html No. Under Missouri law, a network contracting provider cannot bill you even if the insurance company is slow in paying; and they cannot bill you for the difference between the amount charged and the amount they are paid by the insurance company. You are only responsible for your co­payments, deductible or coinsurance. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-my-employer-change-our-health-insurance-c.html Yes. It is completely up to the employer whether or not they will offer health insurance to employees at all and they can change carriers and level of benefits at any time. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-my-health-insurance-carrier-continue-to-r.html Yes. Missouri is an open competition state and, as such, we do not have the authority to regulate premiums on most types of health insurance. Our state relies on competition among companies to determine the premium rates. Medicare supplement insurance premiums are subject to some regulatory oversight. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-the-company-refuse-to-renew-my-auto-homeo.html Yes, a company can refuse to renew a policy for almost any reason. An insurer must give you 30 days notice and the specific reason for their refusal to renew. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-the-driving-accident-records-of-my-child.html Yes, the driving record of any licensed driver in your household will affect the decision of the insurance company to insure your vehicle(s). It can cause you to be turned down for insurance coverage or to pay high­risk insurance premiums.  You may want to ask your agent or insurer about a driver exclusion endorsement. Missouri Insurance FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/can-the-insurance-company-tell-me-where-to-ha.html Yes, if the insurance company is willing to guarantee the work.  You always have the option to go to the repair shop of your choice, but you will be responsible for the additional costs.  Your insurance company may only be obligated to pay for the lowest estimate. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/do-all-auto-and-homeowners-policies-have-a-gr.html No, Missouri law does not require any auto policy to have a grace period. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/do-i-have-to-have-a-workers-compensation-poli.html If you are a construction employer and have one or more employees, workers compensation law requires you to have a policy. For all other types of employers, you must have a policy if you have five or more employees. It doesn't matter if the employees are full­time, part­time, permanent, or temporary. Although you may not be required by law to carry workers compensation insurance, you may want to purchase workers' compensation coverage to reduce exposure to civil liability for workplace injuries and job­related disabilities. Speak with your agent or broker to discuss the possible risk exposure you may have if you do not buy workers' compensation insurance. Also, some employers will not contract with your company unless you have a policy. If this is their requirement, you will have to buy a policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/do-you-have-to-buy-uninsured-motorist-coverag.html Yes, an insurance company cannot issue a contract of automobile liability coverage in Missouri without including uninsured motorist coverage on the policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/does-missouri-control-auto-and-homeowner-prem.html No. Missouri allows companies to set their premiums. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/does-the-company-have-to-refund-my-premium-on.html Yes. However you may receive less than the unearned premium because the company may charge the consumer for processing the cancellation or setting up the original policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/does-workers-compensation-cover-my-family-mem.html As of August 28, 1998, family members are covered unless they are specifically excluded on an endorsement (NCCI form WC 00 03 08, Partners, Officers and Others Exclusion Endorsement). However, even if family members are excluded, they are still counted towards the number of employees to determine if you are required by law to carry workers compensation insurance. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/does-workers-compensation-cover-sole-propriet.html Sole proprietors and partners are considered employers, not employees, and are not covered by your policy. Sole proprietors and partners can be added to the policy by endorsement. Payroll for all sole proprietors and partners is currently assessed at $15,600 per year. Corporate officers are considered employees of the corporation and must be covered. An exception is made for corporations when there are no more than two owners of the corporation who are also the only employees of the corporation. Currently, payroll for corporate officers is based on actual payroll, subject to a minimum of $250 per week and a maximum of $500 per week. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/how-do-i-buy-a-policy.html You can buy workers compensation insurance from a private insurer. Your agent or broker has access to workers compensation companies and can provide you with quotes. If you like to do your own shopping for coverage, you can call the hotline (888­200­1697) MDI has set up for employers to find out what rates insurance companies may offer for certain classes of business. To use this system you need to know your 4­digit class code and have a place where the rates can either be faxed or mailed. You can also join a self­insurance group or become individually self­insured if you meet Division of workers compensation requirements. Call (573) 526­6004. If you cannot find a company that will offer you a policy, you can purchase a policy from the assigned risk pool (800­842­9346). Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/how-do-i-know-if-i-am-in-the-construction-ind.html If your company erects, demolishes, alters or repairs any structure, you are in construction. This includes earthmovers, concrete contractors, equipment installers, carpenters, painters and telephone installers, to name just a few. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/how-is-workers-compensation-priced.html Each insurer files their rates with MDI. The rates are applied to your payroll to determine your manual premium. Other factors, such as experience rating, schedule rating, deductible plans and other programs are applied to the manual premium to determine your final cost. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/how-long-does-a-company-have-to-settle-a-clai.html The UNFAIR CLAIMS SETTLEMENT PRACTICES ACT gives a company 30 days to investigate a claim, with some exceptions. The insurer should provide the necessary claim forms and reasonable assistance on completing those forms to the insured within 10 working days of notification of the claim. Within 15 working days of receiving all the properly completed claim forms, the insurer should advise the insured of the acceptance or denial of the claim, but not necessarily the dollar amount of the settlement. The dollar amount of the settlement should come at the end of their investigation. If a person who has filed a claim has a question about that claim, the insurance company must respond to the person within 10 working days. (Note: homeowner's investigations and settlements cannot generally be completed in 30 days.) Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/i-am-not-required-by-statute-to-carry-workers.html Yes he can. The workers compensation statute says that the general contractor is liable for any injuries to the employees of uninsured subcontractors. Because of this, the general contractor's insurer will charge additional premium if you cannot provide proof of coverage, even if you have no employees. If the general contractor says he won't hire you unless you have a policy, you will need to buy a policy or work for a general contractor who does not make this requirement. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/i-am-not-satisfied-with-the-company-i-current.html Each year on your Medicare supplement annual anniversary date you have the ability to switch companies as long as you apply for the same plan (A­J) that you currently are enrolled in and you apply for the policy within 30 days before or after your annual anniversary date. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/i-contacted-my-company-about-a-loss-to-determ.html Yes, all claims made are considered part of the consumer's claims experience. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/i-have-a-dispute-with-my-insurer-regarding-my.html As with any dispute, you should first try to resolve the problem with your insurer. If you find that you are not getting a satisfactory resolution and you still feel that your position is valid, then you should contact the MDI Property & Casualty Section at (573) 751­3365. The Department will try to resolve the problem, but if this is not possible and you are still not satisfied, then you can make an appeal to the Missouri Workers' Compensation Determinations Review Board. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/i-submitted-two-estimates-and-the-insurance-c.html Yes, as long as the revised estimate properly repairs your vehicle. You need to have your body shop review the revised estimate. If they feel they cannot properly repair your vehicle based on the revised estimate, the repair facility should contact your adjuster. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/if-i-am-injured-on-someone-elses-property-doe.html Only if the homeowner was negligent, causing your injuries. If the homeowner is not negligent, then coverage only is available under the medical coverage provision of the policy. This would cover only incurred medical expenses up to a limited dollar amount. It would not cover payment for pain and suffering, lost income, etc. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/if-i-cannot-agree-with-the-company-on-the-amo.html If the dispute is the value of damage and not the cause of the loss, you can ask for consideration under the appraisal section of the policy. The procedure to request and implement an appraisal should be explained in your homeowner's contract. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/if-i-change-from-one-individual-health-policy.html Yes. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/if-my-roof-is-damaged-does-the-company-have-t.html No, they only have to replace the damaged area, even if the shingles will not match.    Note that your homeowner`s policy is NOT a maintenance policy.  It does not pay for wear and tear or age­related damage. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/is-it-legal-for-an-auto-insurer-to-place-me-i.html Yes. Current Missouri law does not prevent an insurer from doing so. This situation can be avoided by paying your premiums on time to avoid lapses in coverage. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/is-there-a-form-i-can-fill-out-to-show-i-don.html There is a form you can file with the Division of Workers Compensation to show that you do not need to carry workers compensation. This form will only serve to prove to your local government that you do not need to have a workers compensation policy. It will not keep your general contractor's insurer from charging additional premium on the general contractor's policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/ive-had-an-accident-with-an-uninsured-motoris.html Contact the Missouri Department of Revenue Drivers License Bureau at (573) 751­7195. The Missouri Department of Revenue enforces the financial responsibility (mandatory liability) laws in this state. They will investigate and, if necessary, enforce the statute. Also, if you were injured, you will want to report the loss under your uninsured motorist coverage with your company. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/my-company-is-a-limited-liability-company-are.html Limited liability company members are covered by your workers compensation policy unless they specifically state they do not wish to be covered, using a special endorsement to your policy. Your insurer can provide you with this endorsement. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/the-company-is-not-paying-me-fairly-on-my-tot.html Sources such as book value and dealer quotes can be considered. If the value is disputed by either you or the insurer based on those sources, the only accurate determination can be made with similar vehicles available in the market.  The condition of the vehicle, mileage and options are all used in determining your vehicle's value. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-are-all-these-adjustments-on-my-policy.html There may be many additional adjustments to your base premium, such as: experience modification factor, schedule rating, expense constant, premium discount, and second injury fund surcharge. All of these adjustments are made to determine your final premium due to the insurer. If you are not sure about an adjustment, you should call your agent or insurer and ask them to explain the adjustment. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-are-benefits.html Benefits are the dollar amount payable by the insurance company to the claimant, assignee, or beneficiary under any valid policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-are-the-necessary-qualifications-to-beco.html The following qualifications must be met in order to become a Broker: 1. Must be a citizen of the United States of America. 2. Must be of good moral character and not have been convicted of a felony or any crime involving moral turpitude. 3. Must have at least two years of experience as an insurance agent or experience in a comparable position working for an insurance company, agency or brokerage firm during the three years immediately proceeding the date of application. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-does-uninsured-motorist-coverage-cover.html Uninsured motorist coverage applies to bodily injury only. Your uninsured motorist coverage will protect you from hit­and­run drivers. It covers you for injuries sustained while in your car or as a pedestrian when hit by an uninsured driver. It does not cover damage to your vehicle. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-happens-if-the-hmo-denies-my-claim-for-p.html The company must have an appeal process for you to follow. There is a first and second level appeal process in which you and your physician can present documentation showing your reasons for requesting the proposed treatment. Your appeal must be in writing and the insurance company has up to 30 days to complete an investigation on each level of grievance. You also have the right to contact the Missouri Department of Insurance anytime during this process. The toll free number for the Missouri Department of Insurance is 1­800­726­7390. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-happens-to-my-group-health-coverage-if-l.html If your employer has more than 20 employees, it is subject to the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) law and entitled to a minimum of 18 months of continuation coverage. Under each of these options, you will have to pay the full premium yourself even if your employer paid part of your premium while you were employed. You can find out more about COBRA continuation of group health benefits from the Federal Department of Labor Office of Pension and Welfare Benefits Administration website or by calling 816­426­5131. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-happens-when-my-group-health-coverage-en.html You can apply for individual health coverage under the federal law Health Insurance Portability and Accountability Act (HIPAA). This type of policy is issued on a guaranteed issue basis if you meet the qualifying criteria. However, there is no limit on the maximum premium the company can charge. Preexisting conditions are waived. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-a-beneficiary.html A beneficiary is the person designated or provided for by the policy terms to receive the proceeds upon the death of the insured. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-a-broker.html A Broker is an individual, partnership or corporation who, for compensation, (not being a licensed agent for the company in which a policy of insurance is placed) acts or aids in any manner in placing risks or effecting insurance for a party other than itself. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-a-legal-service-representative.html A legal service representative is an individual appointed to represent a legal service insurance corporation that has been authorized by MDI to conduct a prepaid legal expense insurance business in Missouri. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-a-preexisting-condition.html This is normally a physical or mental condition for which medical advice; diagnosis, care or treatment is recommended or received before the effective date of the policy. The definition can vary from policy to policy. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-actual-cash-value-acv-vs-replacement.html All Missouri auto policies are written for ACV. Because of the generally large availability of used vehicles, auto settlement values are determined by similar vehicles available in the market. Homeowners can endorse their policy to change their ACV to replacement cost coverage. ACV is the value of an item (including depreciation) at the time of the loss. Replacement cost equals a new item's cost without depreciation. Replacement cost value is not paid until the item is actually replaced. Missouri Insurance FAQs Mon, 04 Jun 2007 21:51:22 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-an-agent.html An agent is a licensed representative of an insurance company who solicits, negotiates, or effects contracts of insurance and provides service to the policyholder for the insurer. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-an-annuity.html An annuity pays a monthly (or quarterly, semi­annual, or annual) income benefit for the life of a person or for a specified period of time. The annuitant (insured) can never outlive the income from the annuity. While the basic purpose of life insurance is to provide an income for a beneficiary at the death of the insured, the annuity is intended to provide an income for the life of the annuitant. There are two basic types of annuities, fixed annuities, which pay a fixed income backed by fixed dollar investment such as secure bonds and mortgages, and variable annuities, which vary in payment according to the value of stock and bond investments. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-an-application.html An application is a signed statement of facts requested by the insurance company on the basis of which the company decides whether or not to issue the coverage. The application becomes part of the insurance contract when it is attached to and made a part of the contract. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-an-assignment.html An assignment is the signed authorization by the policyholder for the insurance company to pay benefits directly to the hospital, doctor, or other provider. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-an-experience-mod.html An experience modification factor is a means to recognize the differences in loss history between your business and average businesses in your classification code. For example, if your loss experience has been better than the average business in your classification code, then your policy should have an experience mod below 1.00; your premium will decrease. If your loss experience is worse than the average business, then you will have an experience mod above 1.00; your premiums will increase. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-an-hmo.html HMO stands for Health Maintenance Organization, a managed care plan where you have the ability to choose your primary care physician (PCP) from a list of network providers. Your PCP is responsible for management of all aspects relating to your health care. If you require care from any network provider other than your PCP, you may need a referral from your PCP to see that provider. Check with your plan to see if your PCP is also the "gatekeeper" for access to other network providers. You must obtain care from a network provider in order to have your claim paid through the HMO. Treatment received outside the network is generally not covered, or covered at a reduced level. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-comparative-fault.html In 1983, Missouri adopted the rules of pure comparative fault. Pure comparative fault allows your damages to be reduced by the percentage you are at fault in a loss. Insurers are allowed to investigate an accident and make a decision as to the percentage of fault of all parties involved. They will make voluntary offers based on this opinion. If you disagree with their evaluation, you should consult an attorney or turn over the matter to your own insurance company to handle under your collision coverage. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-long-term-care-insurance.html These are individual insurance policies that may help you when you are unable to take care of yourself due to prolonged illness or disability. However, policies may or may not cover home health care, adult care or other alternative services. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-schedule-rating.html Schedule rating allows your insurer to offer you a discount (or a surcharge) to your premium based on specific factors that the insurer believes will affect your insurable risk. The plan cannot be based on any prior loss experience your business has had. However, it can take into consideration that the insurer does not feel that your experience modification factor truly reflects your risk. For instance, if the insurer believes that clean, well­lit premises lead to fewer losses, and you have a clean, well­lit plant, the insurer can offer you a discount on your premium. The maximum discount or surcharge allowed is ±35% in 1999. The limit will be ±25% effective 1/1/2000. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-term-life-insurance.html Term insurance provides protection for a specified period of time; a term of 1, 5, 10 or 20 years or up to age 65 is available. This type of policy only pays a benefit if you die during the policy term. Term insurance does not build cash value. If you stop paying your premium, the insurance expires. This insurance generally is less expensive than other types of life insurance. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-the-assigned-risk-market-also-referre.html The assigned risk market is a mechanism that has been set up to ensure that employers can obtain workers' compensation coverage if they are in good faith entitled to workers' compensation coverage, but cannot secure such coverage through ordinary means. Many employers are in this market because they are engaged in an inherently risky industry, have bad loss experience, are to small and/or are just starting a new business. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-the-contractors-credit-premium-adjust.html The CCPAP is a program that allows contractors who pay high wages to receive a credit on their workers compensation premiums. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-the-difference-between-a-qualified-an.html Benefits paid by a qualified long­term care plan generally are not taxable as income. Benefits from a non­qualified long­term care plan may be taxable as income. Check with your tax advisor about the possibility of deducting a portion of the premiums paid in addition to the individual tax consequences involved. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-the-missouri-definition-of-an-insuran.html An agent is a natural person, partnership or corporation appointed by an insurer to solicit and negotiate insurance contracts on its behalf, regulated by the Missouri Department of Insurance (MDI). Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-the-role-of-mdi-regarding-workers-com.html MDI reviews and approves workers compensation policy forms, endorsements and rules. We also monitor the workers compensation market to make sure it is competitive. We oversee the assigned risk pool to ensure fair rates and good service. We can answer any questions you may have about your workers compensation policy, coverage and experience rating. We can help you with any disputes you have with your insurance carrier. If you have questions about claims or medical treatment, the Division of workers compensation can help. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-is-whole-life-insurance.html Whole life insurance is meant to be kept in force throughout your entire life. An important feature of whole life insurance is the accumulation of cash value. The cash value is the cash available to borrow against the policy, or the value of the policy paid to the policy owner when the contract is surrendered before maturity. Any withdrawal of cash value is treated as a policy loan and interest accumulates based on the loan amount. If you do not pay back the loan, the death benefit is reduced by the outstanding loan amount. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/what-options-do-i-have-if-my-employer-isnt-la.html If your employer has less than 20 employees, you are entitled to 9 months of continued group health coverage with your employers group plan under Missouri law (376.428 RSMo). Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/when-should-i-apply-for-a-medicare-supplement.html When you elect coverage under Medicare Part B either due to age or disability, you have a 6­month open enrollment for a Medicare supplement policy, which guarantees you coverage with a plan and company of your choice. You may choose from the 10 standardized plans (A­J). If you do not purchase a plan within your 6­month open enrollment, any company you apply with can deny coverage based on your health conditions.  There are some limited additional open enrollments periods available to some persons dis­enrolling from a Medicare HMO.  Please contact MDI about these. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/who-is-covered-by-my-policy.html All your employees, including corporate officers, are covered by your policy, with just a few exceptions. For example, sole proprietors and partners, farm laborers, domestic servants and individual owner/operator truckers, as defined under Section 287.020 RSMo, are not covered, but can be endorsed on the policy. Limited Liability Company (LLC) members and family members are covered unless you specifically exclude them. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Insurance/Missouri/who-pays-for-long-term-care.html You do. Medicare only pays for short­term stays. Medicaid may pay if you are qualified for government assistance after spending down most of your assets. Missouri Insurance FAQs Tue, 29 May 2007 21:19:00 GMT http://resources.lawinfo.com/en/Legal-FAQs/Auto-Insurance/Missouri/index.html Free Auto Insurance FAQs Insurance Sub-categories Wed, 25 Nov 2009 20:27:57 GMT http://resources.lawinfo.com/en/Legal-FAQs/Health-Insurance/Missouri/index.html Free Health Insurance FAQs Insurance Sub-categories Wed, 25 Nov 2009 20:27:57 GMT http://resources.lawinfo.com/en/Legal-FAQs/Home-Owners-Insurance/Missouri/index.html Free Home Owners Insurance FAQs Insurance Sub-categories Wed, 25 Nov 2009 20:27:57 GMT http://resources.lawinfo.com/en/Legal-FAQs/Life-Insurance/Missouri/index.html Free Life Insurance FAQs Insurance Sub-categories Wed, 25 Nov 2009 20:27:57 GMT