Missouri § 374.191 - Interest rate on certain claims, refunds, penalties, or payments under legal or remedial actions — inapplicable, when.
Full text of Missouri Revised Statutes of Missouri § 374.191 — Interest rate on certain claims, refunds, penalties, or payments under legal or remedial actions — inapplicable, when., with citation guidance and answers to common questions.
§ 374.191. Interest rate on certain claims, refunds, penalties, or payments under legal or remedial actions — inapplicable, when.
1. If an insurance company is required to pay interest on any claims, refunds, penalties, or payments under a market conduct examination, investigation, stipulation of settlement agreement, voluntary forfeiture agreement, or any other legal or remedial action ordered by the department under any law of this state in which the interest rate is not provided for by law, or voluntarily pays interest on any claims, refunds, penalties, or payments in which the interest rate is not provided for by law, such claims, refunds, penalties, or payments shall bear interest at the annual adjusted prime rate of interest as determined by section 32.065, but under no circumstance shall such interest rate exceed nine percent per annum.
2. The provisions of this section shall not apply to payments subject to the provisions of section 376.383 nor any other statute in which the interest rate is specified.
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(L. 2017 H.B. 292, A.L. 2019 H.B. 182 merged with S.B. 54)
---- end of effective 28 Aug 2019 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 374.191
What does Revised Statutes of Missouri § 374.191 cover?
Section 374.191 ("Interest rate on certain claims, refunds, penalties, or payments under legal or remedial actions — inapplicable, when.") 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 § 374.191?
A common citation format is "Revised Statutes of Missouri § 374.191" (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 § 374.191 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.