Bill > SB1120

This bill modifies Missouri law regarding settlement demands in personal injury, bodily injury, or wrongful death cases by establishing specific requirements for what constitutes a valid settlement demand to a liability insurer. The bill defines key terms like "extracontractual damages" (damages exceeding insurance policy limits) and "settlement demand" (an offer to settle a claim), and outlines detailed procedural requirements for such demands. Under the new provisions, a settlement demand must be in writing, sent via certified mail, remain open for at least 90 days, and include specific material terms such as the settlement amount, date and location of loss, description of injuries, and parties to be released. The demand must also be accompanied by healthcare provider and employer records authorization. The bill stipulates that if a settlement demand does not meet these precise requirements, it cannot be considered a reasonable settlement opportunity and will not be admissible in lawsuits alleging extracontractual damages against the liability insurer. The legislation aims to create a more structured and transparent process for insurance settlements, providing clearer guidelines for both claimants and insurers while protecting the rights of all parties involved.

Justice

https://www.senate.mo.gov/26info/BTS_Web/Bill.aspx?SessionType=R&BillID=152