Lender-placed insurance, applicability - exceptions.
Mo. Rev. Stat. § 379.1850
in effect379.1850. Lender-placed insurance, applicability — exceptions. — 1. Sections 379.1850 to 379.1869 shall apply to insurers and insurance producers engaged in any transaction involving lender-placed insurance, as defined in section 379.1851 .
2. All lender-placed insurance written in connection with mortgaged real property, including manufactured homes and modular units, as defined in section 700.010 , is subject to the provisions of sections 379.1850 to 379.1869 , except:
(1) Transactions involving extensions of credit primarily for business, commercial, or agricultural purposes;
(2) Insurance offered by the lender or servicer and elected by the mortgagor at the mortgagor's option;
(3) Insurance purchased by a lender or servicer on real estate owned property;
(4) Insurance for which no specific charge is made to the mortgagor or the mortgagor's account.
(L. 2023 S.B. 101)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=379.1850Fetched: 10/17/2026