Missouri Bill Would Limit Insurer Payouts

 Tuesday, April 3, 2018

 Insurance News Net

A bill on Gov. Eric Greitens’ desk would limit how much money insurance companies would have to pay after accidents. The proposal affects cases where multiple people are owed money from an insurance company, such as after a car accident that leaves multiple people injured. If Greitens signs the bill, the driver’s insurance company could not be obligated to pay more money than whatever is listed in its policy contract. The funds could be handed over to a court, which would determine how to distribute it to victims.
Legislation & Regulation
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