Missouri Laws 374.410 – Director to be notified of changes in town grading schedules — may set ..
Current as of: 2023 | Check for updates
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Terms Used In Missouri Laws 374.410
- Department: the department of commerce and insurance. See Missouri Laws 374.005
- Director: the director of the department of commerce and insurance. See Missouri Laws 374.005
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Property: includes real and personal property. See Missouri Laws 1.020
- 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
Whenever any insurer, group, association or other organization of insurers, or rating organization shall change any town grading schedule used in connection with the development of rates under policies of homeowners’ insurance, dwelling-owners’ insurance, renters’ or tenants’ insurance, or residential fire insurance written upon property located within this state, such change shall be filed with the director of the department of commerce and insurance. The director of the department of commerce and insurance may set aside any change in town grading schedules that he finds is not supported by substantial evidence and credible data acquired under sections 374.400 to 374.410.