Title XXIV — BUSINESS AND FINANCIAL INSTITUTIONS

374.085. Division of consumer affairs, duties — legal adviser may assist. — 1. The division of consumer affairs of the department of commerce and insurance shall perform the following functions: (1) The division shall receive complaints and inquiries from the general public conce…

374.090. Actuary, chief market conduct examiner and chief financial examiner, qualifications — bond required. — 1. The director shall appoint and employ an actuary, a chief market conduct examiner and a chief financial examiner, who shall be subject to removal at the pleasure of …

374.100. Actuary — duties — fees. — 1. The actuary shall perform those duties usually performed by actuaries and such other duties in connection with the department as the director may direct. 2. All fees allowed or paid to the actuary as provided by law shall be paid to the dire…

374.110. Examiner — duties — assistants — fees. — 1. The director of the department of commerce and insurance, through the chief examiner, may examine into the affairs and good faith of any person who is engaged in, or is claiming or advertising that he is engaged in, organizing …

374.120. Director to appoint employees — legal counsel — reinsurance analyst, qualifications. — 1. The director shall appoint and employ such clerks and clerical and other help which are necessary for a proper dispatch of the business of the department of commerce and insurance a…

374.130. Chief clerk, duties and powers. — The director may designate one of the clerks of the department of commerce and insurance as chief clerk, who shall possess the qualifications of the director, and shall, subject to the director and his deputy, have charge of the clerical…

374.150. Fees paid to director, exception — insurance dedicated fund established, purpose — lapse into general revenue, when. — 1. All fees due the state under the provisions of the insurance laws of this state shall be paid to the director and deposited in the state treasury to …

374.160. Expenses, how paid — state liability — assessment against companies, director to make, how. — 1. The expenses of examinations, valuations or proceedings against any company, and for dissolving or settling the affairs of companies are to be paid by the company, or as prov…

374.162. Insurance examiners fund, established — assessments against insurer, how determined, when. — 1. There is hereby established a fund for the examination expenses to be paid pursuant to section 374.160, to be known as the "Insurance Examiners Fund". There shall be an amount…

374.170. Forms furnished companies. — The director of the department of commerce and insurance shall cause to be prepared, and furnished to every insurance company doing business in this state, forms of the statements required by him from said companies, and he may make such chan…

374.180. Director to prepare report — publication — special reports. — 1. The director of the department of commerce and insurance shall prepare the following information to be included in the biennial report to the general assembly: (1) A brief review of the department during th…

374.182. Organization plan to be submitted — contents. — The department shall submit an organizational plan in the same manner as is required of departments under subsection (2) of section 1 of the Reorganization Act of 1974; provided, however, that the compensation levels to be …

374.184. Director to prescribe by rule uniform claim forms for reporting — consultation, hearing — contents of forms — companies may request additional information — effective date of regulations. — 1. The director of the department of commerce and insurance shall prescribe by ru…

374.185. Uniformity of regulation, director to cooperate. — 1. The director may cooperate, coordinate, and consult with other members of the National Association of Insurance Commissioners, the commissioner of securities, state securities regulators, the division of finance, the …

374.190. Investigation of companies — confidentiality. — 1. The director shall examine and inquire into all violations of the insurance laws of the state, and inquire into and investigate the business of insurance transacted in this state by any insurance agent, broker, agency or…

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, investigatio…

374.192. Submission of records, time limitation, when — limitation on director review — internal standards. — 1. Notwithstanding any provision of law to the contrary, a regulated entity shall have not less than thirty calendar days to submit any record or material requested by th…

374.194. Health coverage providers to be subject to jurisdiction of department, exceptions — examination to be performed, when — requirements of health coverage providers. — 1. Notwithstanding any other provision of law to the contrary, and except as provided in this section, any…

374.202. Purpose of law — definitions. — 1. The purpose of sections 374.202 to 374.207 is to provide an effective and efficient system for examining the activities, operations, financial or market conduct, condition and affairs of all persons transacting the business of insurance…

374.205. Examination, director may conduct when, required when — duties — nonresident insurer, options, procedures — reports, contents, use of — hearings, procedures — working papers, records, confidential. — 1. (1) The director or any of the director's examiners may conduct an e…

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 manageme…

374.210. False testimony — refusal to furnish information — penalties. — 1. It is unlawful for any person in any investigation, examination, inquiry, or other proceeding under this chapter, chapter 354, or chapters 375 to 385, to: (1) Knowingly make or cause to be made a false st…

374.215. Failure to timely file report or statement, penalty. — 1. If any insurance company or other entity regulated by the director doing business in this state fails to timely make and file any statutorily required report or statement, the department shall notify such company …

374.216. False financial statements, filing of — penalty. — 1. A person commits the offense of filing a false insurance statement if he prepares, makes, submits or files a financial report or statement with the department of commerce and insurance with the purpose to misrepresent…

374.217. Covenant not to sue officers of insurer, prohibited — no force and effect. — 1. The director or any other employee of the department of commerce and insurance shall not enter into any covenant not to sue or any agreement to defer, refrain or desist from instituting or as…

374.220. Expenses, how paid. — 1. The expenses of proceedings against insurance companies, and examinations of the assets or liabilities and valuations of policies of insurance companies doing business in this state, shall be assessed by the director upon the company proceeded ag…

374.230. Fees — paid to director. — Every individual or entity making a filing with the department described below shall pay to the director the following fees and charges, to be paid into the insurance dedicated fund established under section 374.150: (1) For filing the declarat…

374.240. Suit to recover fees — penalties. — 1. The director may bring suit to recover any fees or other sums which he is authorized by law to demand or collect. 2. Any company or person liable for any fees or assessments who shall neglect or refuse to pay the same within ten day…

374.245. Director or director of revenue may make supplemental assessment for certain premium taxes, when. — The director of the department of commerce and insurance or the director of revenue may, within three years after a return is filed or at any time if no return is filed, m…

374.250. Accounts of director. — 1. The director shall take proper vouchers for all payments made by the department and shall take receipts from the director of revenue for all moneys the department pays to the director of revenue. 2. At the close of each state fiscal year, the s…

[Repealed or reserved.]

374.280. Civil penalty or forfeiture ordered when, how enforced. — 1. The director may, after a hearing under section 374.046, order a civil penalty or forfeiture payable to the state of Missouri authorized by section 374.049, which penalty or forfeiture, if unpaid within ten day…

374.284. Health insurance advisory committee established, members, duties. — The department of commerce and insurance shall create an advisory committee to be known as the "Health Insurance Advisory Committee". This committee shall be a voluntary committee comprised of representa…

374.285. Expungement of certain disciplinary action records. — Except as provided in section 375.141, all records of disciplinary actions against an insurance producer which resulted in a forfeiture or other monetary relief of two hundred dollars or less and places no other legal…

374.300. Financial institution defined. — As used in sections 374.300 to 374.310, "financial institution" means any bank, bank holding company, sales finance company, consumer finance company, credit union, insurance company, lender as that term is defined in subdivision (3) of s…

374.305. Conditioning loan on purchase of credit insurance from certain persons prohibited — freedom of selection of insurer required. — No financial institution, as defined in section 374.300, shall, as a condition of a loan, require any debtor to purchase life or health insuran…

374.310. Refusal to grant or renew insurance license, when. — The director of the department of commerce and insurance shall not grant or renew any life or health insurance license if the license has been or is being used by the applicant or licensee for any purpose prohibited by…

374.350. Short title. — Sections 374.350 to 374.352 may be cited as the "Interstate Insurance Product Regulation Compact". ­­-------- (L. 2009 H.B. 577)

374.351. Intent of compact. — The Interstate Insurance Product Regulation Compact is intended to help States join together to establish an interstate compact to regulate designated insurance products. Pursuant to terms and conditions of this Act*, the State of Missouri seeks to j…

374.352. Compact. — The State of Missouri ratifies, approves, and adopts the following interstate compact: ARTICLE I. PURPOSES The purposes of this Compact are, through means of joint and cooperative action among the Compacting States: 1. To promote and protect the interest of co…

374.400. Definitions. — Unless otherwise clearly indicated by the context, the following words and terms as used in sections 374.400 to 374.410 shall mean: (1) "Director", the director of the department of commerce and insurance; (2) "Dwelling-owners' insurance", a policy of insu…

374.405. Reports of premiums and loss data required, when — director may review. — 1. The director shall establish statistical bases for the reporting of premium and loss data under policies of homeowners' insurance, dwelling-owners' insurance, renters' or tenants' insurance, or …

374.410. Director to be notified of changes in town grading schedules — may set aside, when. — Whenever any insurer, group, association or other organization of insurers, or rating organization shall change any town grading schedule used in connection with the development of rate…

374.415. Product liability insurance reports required — when — contents. — 1. As used in sections 374.400 to 374.425, "product liability insurance" or "product liability policy" means: (1) Any policy of insurance insuring only the insured's legal obligation arising from the produ…

374.420. Insurers not liable because of compliance. — There shall be no liability on the part of and no cause of action of any nature shall arise against any insurer reporting hereunder or its agents or employees, or the director of the department of commerce and insurance or* th…

374.425. Time for compliance may be waived or extended. — The director may waive or extend time of compliance for reporting requirements under sections 374.400 to 374.425 for any insurer upon showing that such requirements would cause the insurer undue expense or that an unreason…

374.426. Health care financing entities and health care providers to provide data, contents, when — duties of department — scoring, limitations on. — 1. Any entity in the business of delivering or financing health care shall provide data regarding quality of patient care and pati…

374.450. Definitions. — Unless otherwise clearly indicated by the context, the following words and terms as used in sections 374.450 and 374.455 shall mean: (1) "Director", the director of the department of commerce and insurance; (2) "Insurer", any insurance company, reciprocal …

374.455. Premium and loss data, annual report — available to public. — 1. The director shall establish statistical bases for the reporting of premium and loss data under policies of automobile insurance. 2. Each insurer shall annually report to the director or a statistical agenc…

374.500. Definitions. — As used in sections 374.500 to 374.515, the following terms mean: (1) "Certificate", a certificate of registration granted by the department of commerce and insurance to a utilization review agent; (2) "Director", the director of the department of commerce…