The provisions of section 379.356 and subdivision (9) of section 375.936 that prohibit a producer or insurer from giving rebates, discounts, gifts, or other valuable consideration as an inducement to insurance shall not apply to commercial property and casualty insurance. The exclusion provided under this section shall not apply to producer commission reductions not included in insurance company rate filings.
Mo. Rev. Stat. § 379.404
Commercial property and casualty insurance — rebates, discounts, gifts..
Known as the The Casualty and Surety Rate Regulatory Law
The act spans §§ 379–379 (298 sections).
Effective: 28 Aug 2020; (L. 2020 S.B. 551)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.