Missouri § 364.135 - Return of unearned premiums on cancellation of financed contract — time allowed.
Full text of Missouri Revised Statutes of Missouri § 364.135 — Return of unearned premiums on cancellation of financed contract — time allowed., with citation guidance and answers to common questions.
§ 364.135. Return of unearned premiums on cancellation of financed contract — time allowed.
Whenever a financed insurance contract is cancelled, the insurer shall return whatever gross unearned premiums are due under the insurance contract directly to the premium finance company for the account of the insured or insureds as soon as reasonably possible, but in no event later than sixty days after the effective date of cancellation. In the event that the crediting of return premiums to the account of the insured results in a surplus over the amount due from the insured, the premium finance company shall refund such excess to the insured, provided that no such refund shall be required if it amounts to less than one dollar.
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(L. 1984 S.B. 686 § 8)
---- end of effective 28 Aug 1984 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 364.135
What does Revised Statutes of Missouri § 364.135 cover?
Section 364.135 ("Return of unearned premiums on cancellation of financed contract — time allowed.") 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 § 364.135?
A common citation format is "Revised Statutes of Missouri § 364.135" (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 § 364.135 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.