JEFFERSON CITY, MO (STL.News) – Yesterday, Missouri Governor Mike Parson signed nine bills into law.
SB 179 – Financial Institutions:
Reduces duplicative reports and filings required of Missouri financial institutions and streamlines processes for state regulators.
HB 182 – Interest Rates Paid by Insurers:
Clarifies that insurance companies who voluntarily pay interest on any claim, refund, penalty, or payment for which the appropriate interest rate is not already provided for by law, shall also calculate the interest rate pursuant to Section 32.065, but not to exceed 9 percent.