Collateral protection coverage may be placed with any insurance carrier selected by the creditor that is licensed to underwrite the insurance by the department of commerce and insurance. The insurance shall be evidenced by an individual policy or a certificate of insurance.
Mo. Rev. Stat. § 427.145
Placement of coverage
Known as the Collateral Protection Act
The act spans §§ 427–427 (24 sections).
Effective: 28 Aug 1997; (L. 1997 H.B. 257)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.