PURPOSE: This rule expresses the standard that the direct cost of insurance to the consumer should be stated only as premium. This rule was adopted pursuant to the provisions of section 374.045, RSMo and implements sections 375.031, 375.041, 375.116, 379.318, 379.356 and 379.470, RSMo.

1. (1) Policy fees, finders’ fees, inspection fees, service charges, fees for regulatory filings, including SR-22 (see 20 CSR 500-2.300) filings, and other charges not expressly permitted by law where made by an insurer or insurance agent in connection with the issuance or renewal of a property and casualty, automobile, fire or any form of excess insurance are prohibited. This does not include mutual company membership fees, written contracts between insureds and their brokers or other specifically permitted charges.
2. (2) Whenever an extra charge or assessment is made pursuant to an installment payment plan, that charge or assessment shall be deemed a part of the premium and shall be labeled as a premium installment charge. That charge shall be a part of the insurer’s premium taxation imposed pursuant to section 148.320, RSMo.

AUTHORITY: sections 374.045, 375.031, 375.116, 379.318, 379.356 and 379.470, RSMo 1986 and 375.041, RSMo Supp. 1992.* This rule was previously filed as 4 CSR 190-16.130. Original rule filed Aug. 12, 1974, effective Aug. 22, 1974. Amended: Filed July 10, 1990, effective March 14, 1991. *Original authority: 374.045, RSMo 1967; 375.031, RSMo 1979, amended 1985, 1986; 375.041, RSMo 1985, amended 1992; 375.116, RSMo 1961, amended 1967; 379.318 and 379.356, RSMo 1972; and 379.470, RSMo 1947.