374.207. Examiners, appointment of, restrictions — expenses of examination, how paid — immunity of director, examiners. — 1. No examiner may be appointed by the director if such examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in any person subject to examination under sections 374.202 to 374.207. This subsection shall not be construed to automatically preclude an examiner from being:
(1) A policyholder or claimant under an insurance policy;
(2) A grantor of a mortgage or similar instrument on the examiner's residence to a regulated entity if done under customary terms and in the ordinary course of business;
(3) An investment owner in shares of regulated diversified investment companies; or
(4) A settlor or beneficiary of a blind trust into which any otherwise impermissible holdings have been placed.
2. Expenses and costs of examinations shall be paid as set forth in section 374.160.
3. The director, the director's authorized representatives or any examiner appointed by the director shall have such official immunity as exists at common law.
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(L. 1992 H.B. 1574)