Section 375.183 – Director to investigate incorporators, directors and proposed officers, approval withheld, when.
Effective – 28 Aug 1967 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 is no good reason to believe that the incorporators, […]
Section 375.186 – Seal and bylaws.
Effective – 28 Aug 1967 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 regulation […]
Section 375.145 – Violations, penalties.
Effective – 28 Aug 2007 375.145. 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 375.012 to 375.144 or a rule adopted or order issued pursuant thereto, […]
Section 375.146 – Violation, penalty.
Effective – 28 Aug 2005 375.146. Violation, penalty. — 1. Any person who knowingly employs, uses or engages in any act, scheme, device or practice in violation of section 375.144 with the purpose to defraud shall upon conviction be fined not more than one hundred thousand dollars and imprisoned not more than ten years, or […]
Section 375.147 – Managing general agents (MGA) — citation of law — definitions — law effective, when.
Effective – 28 Aug 1999 375.147. Managing general agents (MGA) — citation of law — definitions — law effective, when. — 1. Sections 375.147 to 375.153 may be cited as the “Managing General Agents Act”. 2. Sections 375.147 to 375.153 shall take effect on July 1, 1991. No insurer may continue to utilize the services […]
Section 375.148 – Managing general agents must be licensed producers — risks located outside state — requirements — bond may be required, also errors and omissions policy.
Effective – 01 Jul 1991 375.148. Managing general agents must be licensed producers — risks located outside state — requirements — bond may be required, also errors and omissions policy. — 1. No person, firm, association or corporation shall act in the capacity of a managing general agent with respect to risks located in this […]
Section 375.149 – Written contract required for placing business with insurer, content — termination of contract for cause — prohibited acts by managing general agents.
Effective – 01 Jul 1991 375.149. Written contract required for placing business with insurer, content — termination of contract for cause — prohibited acts by managing general agents. — No person, firm, association or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force […]
Section 375.150 – Duties of insurer — appointment of or termination of contract with managing general agent, notice to director, content.
Effective – 01 Jul 1991, 2 histories 375.150. Duties of insurer — appointment of or termination of contract with managing general agent, notice to director, content. — 1. The insurer shall have on file an independent financial examination in a form acceptable to the director of each managing general agent with which it has done […]
Section 375.151 – Acts of managing general agent acts of insurer.
Effective – 01 Jul 1991 375.151. Acts of managing general agent acts of insurer. — The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer. ——– (L. 1990 H.B. 1739 […]
Section 375.152 – Violations, penalties.
Effective – 28 Aug 2007 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 issued pursuant thereto, […]