Missouri § 379.150 - Partial loss by fire — standard fire insurance policy language, option for settlement of loss.
Full text of Missouri Revised Statutes of Missouri § 379.150 — Partial loss by fire — standard fire insurance policy language, option for settlement of loss., with citation guidance and answers to common questions.
§ 379.150. Partial loss by fire — standard fire insurance policy language, option for settlement of loss.
Any fire insurance policy issued or renewed on or after August 28, 2021, shall be construed to require that a partial loss caused by fire be adjusted in accordance with the following language which shall be considered part of the standard fire insurance policy for Missouri under the provisions of section 379.160: "It shall be optional with the company to settle the loss at the actual cash value or to repair, rebuild or replace the property destroyed or damaged with other of like kind or quality within a reasonable time, on giving notice of its intention within thirty days or after the receipt of the proof of loss herein required.". However, if any fire policy provides coverage for a partial loss caused by fire, in a policy form determined and approved by the director to be at least as favorable to the insured as the standard fire insurance policy for Missouri, then the insurer issuing the policy shall adjust the loss in accordance with the policy form. Notwithstanding any administrative rule to the contrary, nothing in this section shall be construed to create a general contractor relationship by the company to the insured.
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(RSMo 1939 § 5932, A.L. 2021 H.B. 604)
Prior revisions: 1929 § 5821; 1919 § 6231; 1909 § 7022
(2002) Section does not prohibit insurer from withholding depreciation from valid replacement cost claim. Dollard v. Depositors Insurance Company, 96 S.W.3d 885 (Mo.App.W.D.).
---- end of effective 28 Aug 2021 ----
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Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 379.150
What does Revised Statutes of Missouri § 379.150 cover?
Section 379.150 ("Partial loss by fire — standard fire insurance policy language, option for settlement of loss.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 379.150?
A common citation format is "Revised Statutes of Missouri § 379.150" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 379.150 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.