Bill > SB454

This bill modifies the definition of "purchase" in the context of political subdivisions buying liability insurance for tort claims. Specifically, the bill clarifies that "purchase" only means the direct acquisition of insurance coverage from an insurance company by a governing body, and does not include indirect actions such as requiring additional coverage or insured status under another entity's insurance policy. The bill maintains existing provisions that limit liability insurance coverage to a maximum of two million dollars for all claims arising from a single occurrence and three hundred thousand dollars for any one person in a single accident. The bill also preserves other existing provisions, such as the prohibition on punitive damages, the mechanism for apportioning claims if the total exceeds the coverage limit, and the annual adjustment of liability limits based on the Implicit Price Deflator for Personal Consumption Expenditures. The primary change is the precise definition of "purchase" to narrow the interpretation of how political subdivisions can acquire liability insurance coverage.

Justice

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=R&BillID=185