Missouri § 427.140 Unearned premiums to be refunded.

Missouri Statutes

§ 427.140 — Unearned premiums to be refunded.

Missouri § 427.140

Title XXVIIDEBTOR-CREDITOR RELATIONS

Ch. 427Creditor Protection

This text of Missouri § 427.140 (Unearned premiums to be refunded.) 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. § 427.140 (2026).

Text

Upon cancellation or expiration of collateral protection coverage, the amount of unearned premiums, if any, as calculated in accordance with the policy approved by the department of commerce and insurance as permitted by law, shall be refunded to the debtor.  The amount of unearned premiums, however, may not be calculated by the rule of 78 or sum of the digits method.  A refund of unearned premiums may be credited to the debtor's obligation under the credit agreement or distributed directly to the debtor by check or other means.

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Upon cancellation or expiration of collateral protection coverage, the amount of unearned premiums, if any, as calculated in accordance with the policy approved by the department of commerce and insurance as permitted by law, shall be refunded to the debtor. The amount of unearned premiums, however, may not be calculated by the rule of 78 or sum of the digits method. A refund of unearned premiums may be credited to the debtor's obligation under the credit agreement or distributed directly to the debtor by check or other means.