Missouri Laws 379.121 – Definitions
Current as of: 2024 | Check for updates
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As used in sections 379.121 to 379.125, the following words and terms shall mean:
(1) “Adverse underwriting decision”, placement by an insurer or agent of a risk with a residual market mechanism, an unauthorized insurer or an insurer which specializes in substandard risks;
Terms Used In Missouri Laws 379.121
- following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
(2) “Insurer”, any insurance company, association or exchange authorized to issue policies of automobile insurance in the state of Missouri;
(3) “Policy”, an automobile policy providing automobile liability coverage, uninsured motorists coverage, automobile medical payments coverage or automobile physical damage coverage insuring a private passenger automobile owned by an individual or partnership.