Missouri § 364.135 Return of unearned premiums on cancellation of financed contract — time allowed.

Missouri Statutes

§ 364.135 — Return of unearned premiums on cancellation of financed contract — time allowed.

Missouri § 364.135

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 364Retail Credit Financing Institutions

This text of Missouri § 364.135 (Return of unearned premiums on cancellation of financed contract — time allowed.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 364.135 (2026).

Text

Whenever a financed insurance contract is cancelled, the insurer shall return whatever gross unearned premiums are due under the insurance contract directly to the premium finance company for the account of the insured or insureds as soon as reasonably possible, but in no event later than sixty days after the effective date of cancellation.  In the event that the crediting of return premiums to the account of the insured results in a surplus over the amount due from the insured, the premium finance company shall refund such excess to the insured, provided that no such refund shall be required if it amounts to less than one dollar.

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Whenever a financed insurance contract is cancelled, the insurer shall return whatever gross unearned premiums are due under the insurance contract directly to the premium finance company for the account of the insured or insureds as soon as reasonably possible, but in no event later than sixty days after the effective date of cancellation. In the event that the crediting of return premiums to the account of the insured results in a surplus over the amount due from the insured, the premium finance company shall refund such excess to the insured, provided that no such refund shall be required if it amounts to less than one dollar.