Title XXIV — BUSINESS AND FINANCIAL INSTITUTIONS

375.1518. Use of basic illustration at time of sale of policy, revised illustration — illustration provided at time of policy delivery, certification, acknowledgment — illustrations sent by mail, requirements — copies to be retained, when — policy summary not required, when. — 1.…

375.152. Violations, penalties. — 1. If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice or course of business constituting a violation of sections 375.147 to 375.153 or a rule adopted or order …

375.1521. Annual report to policy owner, contents. — 1. In the case of a policy designated as one for which illustrations will be used, the insurer shall provide each policy owner with an annual report on the status of the policy that shall contain at least the following informat…

375.1524. Illustration actuaries, qualifications, duties — annual certification. — 1. The board of directors of each insurer shall appoint one or more illustration actuaries. 2. The illustration actuary shall certify that the disciplined current scale used in illustrations is in …

375.1527. Violation of sections 375.1500 to 375.1527, penalties. — In addition to any other penalties provided by the laws of this state, an insurer or producer that violates a requirement of sections 375.1500 to 375.1527 shall be guilty of an unfair trade practice pursuant to se…

375.153. Managing general agent, director's authority to promulgate rules. — The director may adopt reasonable rules and regulations for the implementation and administration of sections 375.147 to 375.153. ­­-------- (L. 1990 H.B. 1739 § 12) Effective 7-01-91

375.1530. Application of sections 375.1500 to 375.1527. — Sections 375.1500 to 375.1527 shall only apply to policies governed by sections 375.1500 to 375.1527 which are marketed after January 1, 1999. ­­-------- (L. 1998 S.B. 722 § 16)

375.1575. Denial of claim, disclosure by applicant not required. — No insurer or its agent or representative shall require any applicant or policyholder to divulge if any insurer has denied any claim of that applicant or policyholder. ­­-------- (L. 2001 H.B. 328 & 88 § 2 merged …

375.158. Insurer shall comply with all insurance laws before doing business — commissions paid, to whom. — 1. No insurer shall engage in the business of insurance in this state without first complying with all the provisions of the laws of this state governing the business of ins…

375.159. Limited lines travel insurance producer — definitions — license, authorized activities, limitations — premium tax — travel administrator license — rulemaking authority. — 1. As used in this section, the following terms shall mean: (1) "Aggregator site", a website that pr…

*375.1605. Insolvent insurers, claims to be handled by guaranty association — definitions — payment of claims, reimbursement — receiver obligations and utilization of collateral. — 1. The provisions of this section shall apply to workers' compensation large deductible policies is…

375.161. Certificate to do business — when terminated. — No company shall transact in this state any insurance business unless it shall first procure from the director a certificate stating the requirements of the insurance laws of this state have been complied with authorizing i…

375.163. Director shall not authorize business if management of company is incompetent or untrustworthy. — The director shall not grant or continue authority to transact insurance in this state as to any insurer or interinsurance exchange, one or more of the managing officers of …

375.164. Management contracts, to be filed with director when requested — may examine records of company, to what extent — notice of management contract required. — 1. All agreements or contracts under which any person, organization or corporation enjoys in fact the exclusive or …

375.166. Expense of organization limited. — 1. It shall be unlawful for any corporation organized under the laws of this state for the purpose of conducting an insurance business of any kind to pay more than ten percent of the total amount realized from the sale of its capital st…

375.169. Violation of section 375.166 a misdemeanor, penalty. — Any officer, director, clerk, employee or agent of any company who receives or pays out, or orders the payment of any money, or incurs any obligation for the payment of money, in violation of the terms of section 375…

375.1730. Costs of coverage reported to department — rates. — Any insurance company that sells liability insurance which provides coverage for dram shop liability as described in section 537.053 shall report all costs associated with such coverages to the department of commerce a…

375.176. Proceedings against promoters. — 1. Whenever it appears to the director of the department of commerce and insurance from any examination made by himself, or from the report of the person or persons appointed by him to make an examination, or from the statements of the co…

375.1800. Residency of insurance companies, domestic and foreign. — 1. A domestic insurance company shall be deemed for all purposes, including venue, to reside in, and be a resident of, the county where its registered office is maintained. 2. A foreign insurance company shall be…

375.1803. Court actions against insurance company, venue where — inapplicability, when. — 1. Notwithstanding any provision of law to the contrary, in all actions in which there is any count against an insurer, whether in tort or contract, regarding the rights, benefits, or duties…

375.1806. Uninsured and underinsured motorist coverage, venue, where. — Notwithstanding any provision of law to the contrary, in all actions against an insurer relating to uninsured motorist coverage or underinsured motorist coverage, including any action to enforce such coverage…

375.181. Officers required of companies. — 1. Every insurance company organized under the laws of Missouri shall have a president and a secretary who shall be chosen by the directors, and such other officers as shall be prescribed by the bylaws of the corporation. Unless the byla…

375.183. Director to investigate incorporators, directors and proposed officers, approval withheld, when. — The director shall not approve any declaration of organization or articles of incorporation or issue a certificate of authority to any company until he has found that there…

375.186. Seal and bylaws. — The corporators or directors of any insurance company organized under the laws of this state shall have power to adopt a seal, and to make such bylaws, not inconsistent with the constitution and laws of this state, as they may deem necessary for the re…

375.191. Voting by proxy. — 1. Every person legally entitled to vote at any election, or on any question relating to the management or business of any insurance company organized under the laws of this state, may cast his vote by proxy; but the proxy shall be a legal voter of the…

375.196. Adoption of same or misleadingly similar name prohibited. — No insurance company formed under the laws of this state shall adopt the name of any existing company transacting insurance business in this state nor any name so similar thereto as to be calculated to mislead t…

375.198. Issuance of shares, regulations concerning. — 1. Any capital stock insurance company shall have power to create and issue the number of shares stated in its articles of incorporation. Such shares may be divided into one or more classes, any or all of which classes shall …

375.201. Charter, amendment of, procedure for. — 1. Any insurance company organized or incorporated under the laws of this state may amend its charter, articles of incorporation or association, or declaration of organization from time to time in any and as many respects as may be…

375.206. Certificate of amendment, issuance, filing — director, duties — secretary of state, duties. — Upon receipt by the director of the department of commerce and insurance of any certificate of amendment in triplicate, he shall file it if he finds that the certificate of amen…

375.216. Certificate of amendment effective, when — amendment not to affect any existing cause of action. — 1. Upon the issuance of the certificate by the secretary of state, the amendment shall become effective and the articles shall be deemed to be amended accordingly. 2. No am…

375.221. Certificate of amendment of articles, how executed, contents. — 1. After the adoption of an amendment of the articles, a certificate of amendment shall be executed in triplicate by the insurance company by its president or vice president and its secretary or assistant se…

375.226. Restatement of charter, articles of incorporation or association, or declaration of organization, how made. — 1. Any insurance company organized or incorporated under the laws of this state may restate its charter, articles of incorporation or association, or declaration…

375.231. Reduction of capital stock where same has not been fully subscribed. — Any insurance company incorporated under the laws of this state, the capital stock of which has not been fully subscribed, may, by the vote of a majority of its stockholders and subscribers of its cap…

375.236. Certificate of authority revoked, when. — Other provisions of law notwithstanding, the director may suspend or revoke, after a hearing, the certificate of authority or license of any insurance company including a reciprocal or interinsurance exchange for the same reasons…

375.246. Reinsurance, when allowed as an asset or reduction from liability. — 1. Credit for reinsurance shall be allowed a domestic ceding insurer as either an asset or a reduction from liability on account of reinsurance ceded only when the reinsurer meets the requirements of su…

375.251. Actions by and against companies. — 1. Civil actions may be maintained by any insurance corporation formed under the laws of this state against any of its members or stockholders, for any cause relating to the business of the company. 2. Civil actions may also be prosecu…

375.256. Service of process on companies not authorized to do business in this state. — Any insurance company, association, or other insurer not incorporated or authorized under the laws of this state, which shall do or cause to be done any of the following acts in this state, ef…

375.261. Service of process — procedure. — 1. Service of process as provided herein shall be made by delivery of two copies of the summons, with copies of the petition thereto attached, to the director, or in his or her absence to the deputy director of the department, or in the …

375.266. Service of process valid, when. — Service of process in any action, suit or proceeding referred to in section 375.256 shall, in addition to the manner provided in section 375.261, be valid if served upon any person within this state who, in this state on behalf of the in…

375.271. Plaintiff entitled to default judgment, when. — No plaintiff shall be entitled to a judgment against the defendant by default under this section until after the expiration of forty-five days from the date of service of summons with copy of plaintiff's petition thereto at…

375.276. Sections 375.256 to 375.271 not to abridge right to serve process in other legal manner. — Nothing herein contained shall limit or abridge the right of the plaintiff to serve any process, notice or demand upon any insurance company, association, or other insurer in any o…

375.281. Company to furnish bond or certificate of authority before pleading. — Before any insurance company, association, or other insurer not incorporated or authorized under the laws of this state shall file or cause to be filed in any action, suit or other proceeding institut…

375.286. Postponement of action permitted, when. — The court, in any action, suit or proceeding, in which service of process is made in the manner provided in sections 375.256 to 375.301, may, in its discretion, order such postponement as the court shall deem necessary to afford …

375.291. Company may file motion to quash service — grounds. — Nothing contained in section 375.281 shall be construed to prevent any defendant insurance company, association, or other insurer, not incorporated or authorized under the laws of this state, who has been served with …

375.296. Additional damages for vexatious refusal to pay. — In any action, suit or other proceeding instituted against any insurance company, association or other insurer upon any contract of insurance issued or delivered in this state to a resident of this state, or to a corpora…

375.298. Loan against policy by policyholder, insurer to give notice of interest due. — If a policyholder has taken a loan against an insurance policy, the insurer of such policy shall annually notify the policyholder of any interest due on the loan. ­­-------- (L. 1998 H.B. 1374…

375.301. Exemptions from provisions of sections 375.256 to 375.301. — The provisions of sections 375.256 to 375.301 shall not apply to any action, suit or proceeding against any unauthorized insurer arising out of a contract of: (1) Reinsurance effectuated in accordance with the …

375.306. Not to act for insolvent company — guarantee fund, where deposited — advertisements — penalty for violation. — 1. It is unlawful for any person to act within this state as agent, producer, or otherwise, in receiving or procuring applications for insurance, or in any mann…

[Repealed or reserved.]

375.320. Not to trade — exception. — 1. No insurance company formed under the laws of this state shall, directly or indirectly, deal or trade in any goods, wares, merchandise or other commodities whatsoever, except such as may be incident to and necessary in connection with the o…