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.
A Little Behind Schedule, But Execs Say Sypher Insurance is on Track for May Debut 
Farmers Insurance Plans Historic, Rapid Expansion of Agency Force 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
Iran’s Grip on Hormuz Is Tighter Than Ever After a Month of War 
