Section 6.9 Insurance Limits Are Less Than Amounts Required by Financial Responsibility Law

• Library: Insurance Practice 2015

A motorist who has insurance in an amount less than the statutory minimums mandated by § 303.030.5, RSMo 2000, is an “uninsured motorist” for the purposes of the Missouri uninsured motorist statute, § 379.203, RSMo 2000.

In 1996, the Supreme Court considered the limit of an insurance carrier’s liability under a UM policy to insureds who were damaged by an out-of-state motorist with less than the minimum statutory amount of insurance in Missouri; his policy was $10,000/$20,000. Both parties and the Court...