A new Missouri law that went into effect on Aug. 28 revises provisions for producer license renewals and provides opportunities toward continuing education credits for insurance professionals. It also enacts several regulatory changes affecting reinsurance, refusals to write auto insurance, and group personal lines property/casualty insurance policies, among other things.
Senate Bill 6 includes a provision to change producer license renewal timeframes, according to the Missouri Department of Commerce & Insurance. In the past, Missouri insurance producers renewed their license every two years on the anniversary date of issuance. This new provision changes the expiration to the birth date of the licensee.
