August 27, 2010

Gov. Nixon announces new law protecting seniors who cancel insurance policies

Jefferson City, Mo. - Gov. Jay Nixon today reminded Missouri seniors and other consumers that a new law protects them when canceling certain types of health-related insurance policies. Senate Bill 583, signed by Gov. Nixon on July 13, requires that consumers get prorated refunds when canceling long-term care and Medigap insurance policies.

See the Governor's press release.

About the Missouri Department of Insurance, Financial Institutions & Professional Registration

The Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP) is responsible for consumer protection through the regulation of financial industries and professionals. The department's seven divisions work to enforce state regulations both efficiently and effectively while encouraging a competitive environment for industries and professions to ensure consumers have access to quality products.