379.017. Combined risk policies authorized--single premium may be lower than aggregate coverage rates. - Missouri Statutes

Combined risk policies authorized--single premium may be lower thanaggregate coverage rates.

379.017. Every insurance company licensed to do business inthis state and authorized to make insurance on classes ofinsurance enumerated in subdivisions (1), (2) and (3) ofsubsection 1 of section 379.010 shall have authority to combinein single policies of insurance the perils of fire and alliedlines with any one or more perils of casualty, fidelity, suretyand inland marine insurance, which such company is authorized tomake, and may charge therefor one indivisible premium or ratewhich may differ from the aggregate premium or rate applicable toseparate policies covering the same property and risk or risks,and the difference in rates or premiums shall not be deemed to beunfairly discriminatory under the provisions of chapter 375,RSMo, and this chapter.

(L. 1959 H.B. 249 §§ 1, 2, A.L. 1965 p. 586, A.L. 1967 p. 516, A.L. 1972 S.B. 547, A.L. 1989 S.B. 250)