303.175. Motor vehicle liability policy, minimum term, exceptions. - Missouri Statutes

Motor vehicle liability policy, minimum term, exceptions.

303.175. Every private passenger motor vehicle liability policyissued to meet the requirements of this chapter shall have a minimum termof three months. Each policy payment collected by the insurer shall besufficient to pay for at least one month's coverage under the policy,except that this restriction shall not apply to payments on policies madeby way of payroll deductions. This section shall not be construed tointerfere with the cancellation and renewal provisions of sections 379.110to 379.120, RSMo, nor shall it apply to any fleet, rental, group orcommercial motor vehicle policy.

(L. 1999 S.B. 19)

Effective 1-1-00