Title XXIV — BUSINESS AND FINANCIAL INSTITUTIONS
21 chapters · 2,195 sections in this title.
§ 382.515 RSMo ORSA to be conducted, when
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382.515. ORSA to be conducted, when. — Subject to the provisions of section 382.525, an insurer or the insurance group of which the insurer is a member shall conduct an ORSA consistent with a process comparable to the ORSA guidance manual. An ORSA shall be conducted no less than …
§ 382.520 RSMo ORSA summary report required, when, contents
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382.520. ORSA summary report required, when, contents. — 1. Upon the director's request and no more than once each year, an insurer shall submit to the director an ORSA summary report or any combination of reports that together contain the information described in the ORSA guidan…
§ 382.525 RSMo Exemptions — waiver — ORSA required, when
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382.525. Exemptions — waiver — ORSA required, when. — 1. An insurer shall be exempt from the requirements of sections 382.500 to 382.550 if: (1) The insurer has annual direct written and unaffiliated assumed premium, including international direct and assumed premium but excludin…
§ 382.530 RSMo ORSA summary report to be prepared consistent with ORSA guidance manual —
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382.530. ORSA summary report to be prepared consistent with ORSA guidance manual — review, procedures. — 1. An ORSA summary report shall be prepared consistent with the ORSA guidance manual, subject to the requirements of subsection 2 of this section. Documentation and supporting…
§ 382.535 RSMo Information and ORSA summary report is proprietary and contains trade
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382.535. Information and ORSA summary report is proprietary and contains trade secrets, confidentiality — permissible acts by director — no waiver of confidentiality or privilege. — 1. Documents, materials, or other information, including the ORSA summary report, in the possessio…
§ 382.540 RSMo Violation, failure to file ORSA summary report
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382.540. Violation, failure to file ORSA summary report. — 1. Subject to subsection 1 of section 374.215, any insurer failing without just cause to timely file an ORSA summary report as required in sections 382.500 to 382.550 commits a level two violation under section 374.049 wi…
§ 382.545 RSMo Severability clause
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382.545. Severability clause. — If any provision of sections 382.500 to 382.550 or the application thereof to any person or circumstance is held invalid, such determination shall not affect the provisions or applications of sections 382.500 to 382.550 which may be given effect wi…
§ 382.550 RSMo Effective date — first filing date
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382.550. Effective date — first filing date. — Sections 382.500 to 382.550 shall become effective January 1, 2016. The first filing of ORSA summary reports shall be in 2016 in accordance with section 382.520. -------- (L. 2015 H.B. 50) Effective 1-01-16
§ 382.600 RSMo Purpose — applicability
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382.600. Purpose — applicability. — 1. The purpose of sections 382.600 to 382.640 is to: (1) Provide the director a summary of an insurer or insurance group's corporate governance structure, policies, and practices to permit the director to gain and maintain an understanding of t…
§ 382.605 RSMo Definitions
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382.605. Definitions. — As used in sections 382.600 to 382.640, the following terms shall mean: (1) "Corporate governance annual disclosure" or "CGAD", a confidential report filed by the insurer or insurance group made in accordance with the requirements of sections 382.600 to 38…
§ 382.610 RSMo CGAD submitted to director, when — attestation required — information may
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382.610. CGAD submitted to director, when — attestation required — information may be provided — review of CGAD — duplication of information not required, when. — 1. An insurer, or the insurance group of which the insurer is a member, shall, before June first of each calendar yea…
§ 382.615 RSMo CGAD inquiries, responses to — recordkeeping
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382.615. CGAD inquiries, responses to — recordkeeping. — 1. The insurer or insurance group shall have discretion over the responses to the CGAD inquiries, provided that the CGAD shall contain the material information necessary to permit the director to gain an understanding of th…
§ 382.620 RSMo Documents, materials, and information recognized by state as proprietary
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382.620. Documents, materials, and information recognized by state as proprietary and containing trade secrets — confidentiality — director's authority and duties. — 1. Documents, materials, or other information, including the CGAD, in the possession or control of the department …
§ 382.625 RSMo Third-party consultants permitted, when — limitation on scope of authority
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382.625. Third-party consultants permitted, when — limitation on scope of authority — confidentiality — conflict of interest — written agreement, contents. — 1. The director may retain, at the insurer's expense, third-party consultants, including attorneys, actuaries, accountants…
§ 382.630 RSMo Failure to timely file, penalty — enforcement
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382.630. Failure to timely file, penalty — enforcement. — 1. Any insurer failing without just cause to timely file a CGAD as required under sections 382.600 to 382.640 commits a level two violation under section 374.049 for each day's delay; provided that, the total maximum fine …
§ 382.635 RSMo Rulemaking authority
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382.635. Rulemaking authority. — The director may, upon notice and opportunity for all interested persons to be heard, issue such rules, regulations, and orders as shall be necessary to carry out the provisions of sections 382.600 to 382.640. Any rule or portion of a rule, as tha…
§ 382.640 RSMo Severability clause
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382.640. Severability clause. — If any provision of sections 382.600 to 382.640 or the application thereof to any person or circumstance is held invalid under the Constitution of the United States or the Constitution of the state of Missouri, such determination shall not affect t…