Mo. Rev. Stat. § 383.037

Current with changes from the 2024 Legislative Session

Section 383.037 - Rates, requirements

The rates made by each association licensed pursuant to sections 383.010 to 383.040 shall be subject to the following provisions:

(1) Rates shall not be excessive or inadequate, nor shall they be unfairly discriminatory;

(2) No rate shall be held to be excessive unless such rate is unreasonably high for the insurance provided with respect to the classification to which such rate is applicable;

(3) No rate shall be held to be inadequate unless such rate is unreasonably low for the insurance provided with respect to the classification to which such rate is applicable.

§ 383.037, RSMo

L. 1992 S.B. 831