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 375.065 – Credit insurance producer license — organizational credit entity license — application — fee — rules.
Effective – 28 Aug 2007 375.065. Credit insurance producer license — organizational credit entity license — application — fee — rules. — 1. Notwithstanding any other provision of this chapter, the director may license credit insurance producers by issuing individual licenses to each credit insurance producer or by issuing an organizational credit entity license to […]
Section 375.071 – Centralized producer license registry, participation in.
Effective – 01 Jan 2003 375.071. Centralized producer license registry, participation in. — 1. The director may participate in a centralized producer license registry, in whole or in part, with any entity the director deems appropriate, including but not limited to the National Association of Insurance Commissioners, or any affiliates or subsidiaries such organization oversees, […]
Section 375.076 – No consideration for unlicensed persons.
Effective – 01 Jan 2003 375.076. No consideration for unlicensed persons. — 1. An insurance company or insurance producer shall not pay a commission, service fee, brokerage or other valuable consideration to a person for selling, soliciting or negotiating insurance in this state if that person is required to be licensed and is not so […]
Section 375.106 – Insurance producers, limitations on negotiated contracts.
Effective – 01 Jan 2003 375.106. Insurance producers, limitations on negotiated contracts. — Insurance producers acting on behalf of an applicant for insurance or insured shall negotiate contracts of insurance only with authorized domestic insurance companies, licensed insurance * producers, foreign insurance companies duly admitted to do business in this state, or with a duly […]
Section 375.116 – Compensation of producer, regulations — not to receive pay from insured, exception.
Effective – 01 Jan 2003 375.116. Compensation of producer, regulations — not to receive pay from insured, exception. — 1. An insurance company or insurance producer may pay money, commissions or brokerage, or give or allow anything of value, for or on account of negotiating contracts of insurance, or placing or soliciting or effecting contracts […]
Section 375.136 – Producer placing business with a nonadmitted company or nonresident is subject to chapter 384.
Effective – 01 Jan 2003 375.136. Producer placing business with a nonadmitted company or nonresident is subject to chapter 384. — Any insurance producer placing business with a nonresident agent or producer of a nonadmitted insurance company or direct with a nonadmitted insurance company or nonresident broker or insurance producer shall be subject to the […]
Section 375.141 – Suspension, revocation, refusal of license — grounds — procedure.
Effective – 01 Jan 2003 375.141. Suspension, revocation, refusal of license — grounds — procedure. — 1. The director may suspend, revoke, refuse to issue or refuse to renew an insurance producer license for any one or more of the following causes: (1) Intentionally providing materially incorrect, misleading, incomplete or untrue information in the license […]
Section 375.143 – Rulemaking authority.
Effective – 28 Aug 2007 375.143. Rulemaking authority. — In order to effectuate and aid in the interpretation of section 375.141, the director, under section 374.045, may adopt rules and regulations codifying professional standards of producer competency and trustworthiness in the handling of applications, premium funds, conflicts of interest, record keeping, supervision of others, and […]