Missouri lawmakers have given final approval to legislation that supporters say is aimed at protecting commercial property.
A 2011 Missouri law bars residential contractors who fix roofs or complete other exterior repairs on homes from offering to pay insurance deductibles as an incentive to be hired. It also includes a provision stating property owners have five days to cancel a contract with a contractor.
This year’s legislation would expand the provisions to cover commercial property. SB 610 passed the House 134-2. Senators approved the measure 33-0 in February.
The legislation now goes to Gov. Jay Nixon.
Topics Legislation Commercial Lines Business Insurance Property Contractors Missouri
Was this article valuable?
Here are more articles you may enjoy.
Cyberattack Cripples Asahi Operations, Lifts Rival Brewers
70% of Drivers Say They’ve Felt Unfairly Judged by Auto Insurers: Arity Report
Five Reasons Why the US Escaped a Hurricane Landfall So Far This Year
What Progressive and GEICO Q3 Results Reveal About Auto Insurance Profit, Growth 

