Insurance Deductible

PURPOSE: This rule provides for the acceptance of insurance policies with deductible clauses. (1) An insurance policy with a deductible clause pertaining to the insurance of grain stocks contained in a licensed grain warehouse shall be acceptable if the amount of the Missouri grain warehouse bond, or certificate of deposit, or letter of credit submitted in place of a Missouri grain warehouse bond is increased by the amount of the deductible. AUTHORITY: sections 411.070 and 411.290, RSMo 2016.* Original rule filed March 2, 1989, effective May 25, 1989. Amended: Filed May 18, 2018, effective Jan. 30, 2019. *Original authority: 411.070, RSMo 1941, amended 1955, 1965, 1977, 1980, 1986, 1993, 1995, 1997 and 411.290, RSMo 1941, amended 1965, 1977, 1986, 1987.