|Targeted News Service|
Under new laws signed by Gov.
House Bill 1079 and Senate Bill 609 allow consumers the option of receiving notices and documents issued by mutual and life insurance companies electronically. Policyholders will have the option of viewing their policy information on the company's website or can elect to continue to receive a hard copy by mail at no additional cost.
"These new laws continue to leverage technology to maximize efficiency of insurance product delivery in
The bills are part of an ever growing trend toward electronic communication by regulators and insurance companies in
The other bill signed by
The law only applied to residential property and allowed consumers to cancel a repair contract if their insurance company determined there was no coverage for the loss, It also prohibited contractors from representing policyholders in terms of settlement negotiations, and prohibited contractors from rebating or offering fees or gifts as an inducement to enter into a repair contract.
The new law extends the same protections to commercial policyholders including
The new laws go into effect
Consumers with complaints or questions about their insurance can call the Insurance Consumer Hotline at 800-726-7390 or visit us at insurance.mo.gov.
CC AutoTriage5rn-140612-30Furigayjane-4764510 30FurigayJane
|Copyright:||(c) 2014 Targeted News Service|