Missouri Administrative Code

Supervision 1997. Moved to 20 CSR 1140-30.080, effec- Emergency rule filed Nov. 25, 1996, effective (Rescinded November 30, 2010) tive Aug. 28, 2006. Emergency rescission Dec. 5, 1996, expired June 2, 1997. Original filed April 5, 2010, effective April 18, 2010, rule filed Nov. 2…

Servicing Activity (Rescinded November 30, 2010)................................3 20 CSR 1140-30.070 Advertising (Rescinded November 30, 2010) .........................................3 20 CSR 1140-30.080 Loan Brokerage Practices (Rescinded November 30, 2010) ....................…

Loan Originators penalty or fee for a licensed mortgage loan (C) Institution of an action by the Missouri originator on active military duty serving out- attorney general or other enforcer of the con- PURPOSE: This rule establishes guidelines side of Missouri. sumer protection la…

renewal shall apply through the NMLSR on which shall be set from time-to-time by the Information Submitted to NMLSR forms acceptable to the director and shall be director, not to exceed three thousand dollars PURPOSE: This rule establishes the proce- verified by the oath or affir…

Supervision of Residential Mortgage Loan affect subsequent applications filed with the Additional Full-Service Office on a form pre- Brokers appropriate investigation fee. scribed by the director, thirty (30) days prior (B) Upon approval of an initial broker’s to the proposed ope…

Activities shall be the address where the director is to (F) Amount of the loan; and send all correspondence, official notices, and (G) The terms of the loan and/or loan pro- PURPOSE: This rule establishes procedures orders; the broker shall be responsible for gram. and guideline…

Requirement loan application received during the previous (1) A broker shall not require a borrower to thirty-six (36) months: pay any fees or charges prior to the loan clos- PURPOSE: This rule establishes operations (A) Full name of all applicants; ing, except for: 6 CODE OF STA…

PURPOSE: This rule establishes procedures and requirements for exempt companies to register with the director. (1) Registration. The director requests that all exempt entities file a letter disclosing exempt status and the reason therefore at the Division of Finance, Residential …

tion—Residential Mortgage Board ceedings. All orders or other actions of the (9) Who May Practice Before the Board. board shall be certified or authenticated by Only licensed attorneys from Missouri, or PURPOSE: This rule complies with section the signature of the secretary. from…

officer may hold prehearing conferences for (14) Prepared Testimony. With the approval PURPOSE: The Residential Mortgage Board the purpose of formulating or simplifying the of the presiding officer, a witness may read was established to hear appeals from certain issues, arranging…

(J) The aggregate amount for all insurance, ledger, a single thin line, preferably in red, PURPOSE: The Division of Finance, if a separate charge is made, covering bodily shall be drawn through the improper entry injury and property damage to the person or and the correct entry m…

Considerations within the act necessitate the PURPOSE: The Division of Finance, following limitations on extensions: Department of Commerce and Insurance has (A) No extension fee shall be collected the authority to promulgate rules necessary to more than one (1) month prior to th…

PURPOSE: This rule is designed to provide a simple extension fee formula which is equi- table for both the financing institution and the dealer. (1) Extensions on precomputed contracts made pursuant to the Motor Vehicle Time Sales Act shall be calculated according to the followin…

and ending with June 30, it need only submit Surety bond in the amount of one thousand PURPOSE: Small loan companies are an audit report for the fiscal year ending in dollars ($1000) shall accompany the initial required to file an audit once a year with the 1974 and need not subm…

(Rescinded September 30, 2021) Purchase Warrants AUTHORITY: section 408.450, RSMo 1986. This rule originally filed PURPOSE: The legal separation of deposit taking from investment as 4 CSR 140-6.025. Emergency rule filed July 12, 1984, effective banking prevents banks from investi…

(Rescinded September 30, 2021) it permits a new business to negotiate a loan agreement with a commercial bank which may substantially reduce interest AUTHORITY: sections 408.030 and 408.035, RSMo 1978. This rule expense in the early years until a date when the business is more or…

(2) A bank may contract to receive stock purchase warrants in PURPOSE: The increasing use of revenue bonds as a vehicle lieu of part of the interest on any loan. The bank, however, may for financing construction of business and industrial plants not use these warrants to purchase…

(Rescinded September 30, 2021) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 20 CSR 1140-6.050 Contingent Additional Interest or Stock Purchase Warrants . . . . . . . . . . . 3 20 CSR 1140-6.055 Bank Investment in Mutual Funds . . . . . . . . . . . . .…

originally filed as 4 CSR 140-6.058. Original rule filed Jan. 5, 1987, PURPOSE: The comptroller of the currency has authorized national effective April 1, 1987. Moved to 20 CSR 1140-6.058, effective Aug. banks to engage in tax preparation activities. Absent similar 28, 2006. powe…

State-chartered banks, either directly or through a subsidiary, PURPOSE: The comptroller of the currency has authorized national may maintain files on the past credit history of consumers and banks to engage in check guaranty services for their own provide that information to thi…

this contract by which the bank agrees that periodically it will PURPOSE: A major obstacle to the relocation of bank employees review the account and transfer all money in excess of a set is the difficulty in disposing of their residences which increases minimum balance to repurc…

regarding the establishment of non-branch offices, and provides Mortgage Corporation parity for Missouri state-chartered banks with national banks PURPOSE: Congress recently established the Federal Agricultural regarding the establishment of branches and other types of Mortgage C…

terminal, remote capture terminal or remote service unit, PURPOSE: Banks have recently faced competitive pressures from including but not limited to an automated loan machine, money market funds offering services similar to banking services. a personal computer, mobile device or …

Revenue Bonds Per Senate Bill 554 which the hearing will be held and a stipula- tion of consent by which the respondent may This rule originally filed as 4 CSR 140-9.010. consent to the order or action without a hear- Emergency rule filed Nov. 10, 1980, effective ing. Jan. 1, 198…

documents or any other procedures. The PURPOSE: This rule sets procedures for the respondent may elect to proceed by present- hearings required by section 361.265 which ing oral arguments and documentary evi- established procedures for the issuance of dence supporting its positio…

by the Director Filed July 12, 2002, effective Jan. 30, 2003. 375.1175.1(3), RSMo. Rescinded: Filed Oct. 30, 2018, effective PURPOSE: The purpose of this rule is to April 30, 2019. (2) Each health services corporation shall effectuate or aid in the interpretation of any make and …

Insurance Companies (G) Whether an insurance company is in shall make and file statements of its assets, (Rescinded April 30, 2019) such condition that the further transaction of liabilities, capital and surplus, income and JOHN R. ASHCROFT (10/31/19) CODE OF STATE REGULATIONS 3 …

insureds under section 375.1160.2(1)(a), Kansas City, Missouri. The electronic filing Electronic Filing RSMo; shall be prepared under the NAIC’s guide- (F) Whether a health maintenance organi- PURPOSE: This rule prescribes forms to be lines. zation is in such condition that the f…

Property and Liability Insurers (Rescinded February 26, 1993) ......................5 20 CSR 200-1.037 Supplemental Annual Filing Requirements.................................................5

(Rescinded April 30, 2019).................................................................10 20 CSR 200-1.040 Financial Standards for Health Maintenance Organizations ...........................10 20 CSR 200-1.050 Financial Standards for Prepaid Dental Plans ....................…

Health Maintenance Organizations RSMo. amortized on a straight-line basis over a peri- od of five (5) years or less. Any goodwill or (1) Assets of a prepaid dental plan will be PURPOSE: This rule implements sections intangible asset accrued after September 1, admitted and include…

(Rescinded May 6, 1993) ...................................................................11 20 CSR 200-1.070 Subordinated Indebtedness...................................................................11 20 CSR 200-1.080 Salvage and Subrogation Recovered (Rescinded May 6, 1993)…

edness for prior approval in accordance with subsec- tion (3)(A) of this rule. 20 CSR 200-1.080 Salvage and Subroga- PURPOSE: This rule specifies information to tion Recovered be submitted to the director for prior (4) Consideration. The consideration ten- (Rescinded May 6, 1993)…

Actuarial Opinions the insurance company to review the opinion al statement of an insurer. This rule was and the basis for the opinion and prepare the adopted pursuant to the provisions of section PURPOSE: This rule prescribes forms and supporting Actuarial Report or workpapers. …

Annuities and Pure Endowment Contracts...............................................13 20 CSR 200-1.116 Actuarial Opinion and Memorandum Regulation ........................................14 20 CSR 200-1.120 Take-Out Letters (Rescinded April 30, 2019) ...........................…

Memorandum Regulation required by 20 CSR 200-1.115 and section director rejected because it did not meet the 376.380, RSMo. provisions of this rule including standards set PURPOSE: This rule prescribes: a) require- (E) “Asset adequacy analysis” means an by the Actuarial Standards…

Annuity Contracts............................................................................19

(Rescinded April 30, 2019) ................................................................20 20 CSR 200-1.160 Valuation of Life Insurance Policies .......................................................20 20 CSR 200-1.170 Derivatives for Replication Transactions ................…

Replication Transactions *Original authority: 374.045, RSMo 1967, amended PURPOSE: This rule sets forth methods of 1993, 1995 and 375.345, RSMo 1985, amended 2002. disclosure, reserving for risk-based capital and determining the asset valuation reserve for derivative instruments …

PURPOSE: This rule implements and admin- ments tion 375.150, RSMo by filing for each isters sections 375.147–375.153, RSMo appointed MGA a completed certification on regarding filings required within thirty days PURPOSE: This rule implements and admin- Form MGA-3; and of appointm…

(MGA) shall— in Thirty Days of Appointment of an MGA (A) Certify the existence or performance…

PURPOSE: This rule implements and admin- isters sections 375.147–375.153, RSMo, with regard to more clearly defining the require- ment that an insurer “shall periodically con- duct an on-site review” of its managing gen- eral agents under section 375.150(3), RSMo. The requirement…

(1) of the copies shall be signed in the manner with the director which was filed within three Company Registration prescribed on the form. Unsigned copies shall (3) years and may be qualified in its entirety (Rescinded December 3, 1992) be conformed. If the signature of any pers…

Forms and Instructions ..................................................................3

382.195.1(7), RSMo ...................................................................13

Transactions ..............................................................................14 20 CSR 200-11.150 Dividends..................................................................................14 20 CSR 200-11.200 Proxies, Consents, Authorizations and Disclosure Require…

Missouri; except a foreign insurance compa- and the schedules in this rule prior to any Authorizations and Disclosure Require- ny is deemed an insurer if the laws of the for- annual or other meeting of the security hold- ments eign insurer's state of domicile do not include ers, …

Missouri Mutuals A. Is open-ended; and B. Invests by prospectus at least seventy percent (70%) PURPOSE: Since the Department of Commerce and Insurance of its funds in bonds described in section 380.471, RSMo, or in does not have the facilities to maintain the actual records of bo…

Approved Investments (A) No more than seven percent (7%) of an extended Missouri mutual’s total surplus may be invested in the bonds or PURPOSE: This rule implements the provisions of section 380.471, commercial paper described in subsections (1)(A) and (B) in any RSMo (Cum. Supp…

Reinsurance Requirements (Rescinded April 30, 2026) . . . . . . . . . . . . . . . . 4 Denny Hoskins (3/31/26) CODE OF STATE REGULATIONS 1 Secretary of State 20 CSR 200-12—DEPARTMENT OF COMMERCE DIVISION 200—INSURANCE SOLVENCY AND INSURANCE AND COMPANY REGULATION TITLE 20—DEPARTME…