Missouri Revised Statutes § 379.1806 - Basic package of coverages and limits, additional coverages or limits — reduced coverage, when — coverage terminated, when — optional coverages or limits — stacking prohibited

379.1806. Basic package of coverages and limits, additional coverages or limits — reduced coverage, when — coverage terminated, when — optional coverages or limits — stacking prohibited. — 1. The master policy shall provide a basic package of coverages and limits that are available to all eligible employees or members. The package shall include at least the minimum coverages and limits of insurance as required by law in that employee's or member's state of residence or in the state where the subject property is located, if applicable. In addition, the master policy may provide additional coverages or limits to be available at an increased premium to employees or members who qualify under the terms of the master policy. 2. The master policy shall provide coverage for all eligible employees or members who elect coverage during their initial period of eligibility, which period shall not be less than thirty-one days. Employees or members who do not elect coverage during the initial period and later request coverage shall be subject to the insurer's underwriting standards. 3. Coverage under the master policy may be reduced only as to all members of a class, and shall never be reduced to a level below the limits required by applicable law. 4. Coverage under the master policy may be terminated as to an employee or member only for: (1) Failure of the employee or member to make required premium contributions; (2) Termination of the master policy in its entirety or as to the class to which the employee or member belongs; (3) Discontinuance of the employee's or member's membership in a class eligible for coverage; or (4) Termination of employment or membership. 5. If optional coverages or limits are available by law in an employee's or member's state of residence, the policyholder's acceptance or rejection of the optional coverages or limits on behalf of the group shall be binding on the employees or members. If the policyholder rejects any coverages or limits that are required by law to be provided unless rejected by the named insured, notice of the rejection shall be given to the employees or members at or before the time their certificates of coverage are delivered. 6. Stacking of coverages or limits among separate certificates of insurance is prohibited under a master policy of group personal lines property and casualty insurance; except that, if separate certificates under the same master policy are issued to relatives living in the same household, the state law pertaining to stacking of individual policies shall apply to those certificates. (L. 2021 H.B. 604 merged with S.B. 6) Effective 1-01-22, see § 379.1824