SB 310 - Under current law, the Petroleum Storage Tank Insurance Fund assumes costs of 3rd-party claims and cleanup of contamination caused by releases from petroleum storage tanks and pays legal defense costs for eligible 3rd-party claims. This act specifies that the legal defense costs are separate from other coverage limits and allows the Fund to set a limit for such coverage.

This act is identical to a provision contained in the truly agreed SCS/HB 604 (2021) and the truly agreed HCS/SS/SB 6 (2021).

JAMIE ANDREWS

Statutes affected:
Introduced (1507S.01): 319.131

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Senate Committee Minutes:
SENATE COMMITTEE MINUTES Bill No.: SB 310
Sponsor: Crawford
Hearing Date: 3/2/2021


COMMITTEE: Insurance and Banking

CHAIRMAN: Wieland

DATE REFERRED: 2/4/2021 DATE HEARING REQUESTED: 2/8/2021



STAFF:
Heidi Kolkmeyer
James Murphy
Scott Svagera
Eric Vander Weerd


WITNESSES GIVING INFORMATION:



WITNESSES FOR:
Kelley Ogletree - Missouri Petroleum Storage Tank Insurance Fund
James Greer - MFA Oil Company, Missouri PSTIF, Missouri Petroleum and Convenience Group
Ronald Leone - MPCA
Rich Germinder - Missouri Department of Natural Resources


WITNESSES AGAINST: