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AIA Applauds Missouri Passage of Commercial Lines Regulatory Modernization Bill

Contact: Marguerite Seidel
(202) 828-7196

JEFFERSON CITY, MO – JUNE 22, 2018 – The American Insurance Association issued the following statement to thank Governor Parson for signing a commercial lines regulatory modernization bill (SB 594), which applies to policies issued or renewed on or after January 1, 2019:

“A competitive, open insurance marketplace is essential to the well-being of any state’s business community,” said Steve Schneider, AIA’s vice president for state affairs, midwest region. “We applaud Governor Parson and Missouri’s legislators for recognizing its importance, and look forward to seeing the bill swiftly implemented.”

Background: Missouri’s commercial modernization bill exempts many types of commercial lines from rate filing requirements and, for the first time in the state, adds a policy form filing exception for large commercial risks when the aggregate annual premium for a policyholder exceeds $100,000.

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The American Insurance Association (AIA) is the trade association for today’s leaders in the property-casualty insurance industry. Our members work each day to protect the American Dream, whether that’s a house, car, business or otherwise. Now more than 150 years old, AIA has an unparalleled record of advocating on state, federal and international issues for insurers and their customers. 

Our membership is comprised of more than 330 companies, collectively writing more than $134 billion in premiums each year.

We have the experience of a veteran organization coupled with the innovative ideas that drive our industry forward. AIA is leading the insurance industry into the second half of the 21st Century… today.


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Media Contacts

Maggie Seidel
VICE PRESIDENT, PUBLIC AFFAIRS
(202) 828-7196
mseidel@aiadc.org

Rachel Wallen
PUBLIC AFFAIRS MANAGER
(202) 828-7149
rwallen@aiadc.org

 

AIA MEDIA

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