Section 11.67 Special Limitations on Filing Actions

• Library: Insurance Practice 2015

Most fidelity bonds have a limitation of actions clause providing that any action brought for recovery of a loss under the bond must be brought within a fairly short time, usually either one year or two years after discovery of the loss. But § 431.030, RSMo 2000, provides that any part of any contract that either directly or indirectly limits the time in which any suit or action may be instituted shall be null and void.

This statute was held applicable to a fidelity bond limitation of actions clause in...