Section 375.777 – Director, powers and duties.
Effective – 28 Aug 2007 375.777. Director, powers and duties. — 1. The director shall: (1) Notify the association of the existence of an insolvent insurer not later than three days after he receives notice of the determination of the insolvency; (2) Upon request of the board of directors, provide the association with a statement […]
Section 375.778 – Claims of insured, recovery, procedures — assignment of rights to association, when, extent of — stay of proceedings against insolvent insurer, when — records of insolvent insurer, access by board, when.
Effective – 28 Aug 2004 375.778. Claims of insured, recovery, procedures — assignment of rights to association, when, extent of — stay of proceedings against insolvent insurer, when — records of insolvent insurer, access by board, when. — 1. Any person having a claim against an insurer, regardless of whether such insurer is a member […]
Section 375.640 – Insurance director to take charge.
Effective – 28 Aug 1992 375.640. Insurance director to take charge. — If the director shall apply, either at the time of or after the filing of the petition referred to in section 375.570, the court may, if the court deems it necessary, authorize him or a special deputy appointed for such purpose to temporarily […]
Section 375.650 – Title of assets to vest in director — special deputy receiver, appointment, duties.
Effective – 28 Aug 1992 375.650. Title of assets to vest in director — special deputy receiver, appointment, duties. — 1. Upon the rendition of a final judgment dissolving an insurer, or declaring it insolvent, all the general assets of such insurer shall vest in fee simple and absolutely in the director, and his successor […]
Section 375.660 – Disposition of assets.
Effective – 28 Aug 1992 375.660. Disposition of assets. — 1. If the court directs the director to liquidate, settle or wind up the affairs of the defendant, said director shall take immediate possession of the assets, books and papers of the defendant, and unless disposition of the assets of the defendant is made by […]
Section 375.670 – Allowance of demands — receiver to review claims against receivership.
Effective – 28 Aug 1992 375.670. Allowance of demands — receiver to review claims against receivership. — 1. The court, upon the application of the receiver, shall establish claims procedures and shall limit and may extend the time for the presentation of claims against the receivership, and notice thereof shall be given in such manner […]
Section 375.710 – Conflict of interests — power of court — trustees.
Effective – 28 Aug 1992 375.710. Conflict of interests — power of court — trustees. — In case of any conflict of interests on any matter, or concerning the enforcement or settlement of any conflicting claims between two or more insurers, the settlement and winding up of whose affairs shall be under the charge of […]
Section 375.720 – Penalty for failure or refusal to deliver assets to director.
Effective – 01 Jan 2017, 2 histories 375.720. Penalty for failure or refusal to deliver assets to director. — 1. Whenever, by this chapter, or by any other law of this state, the director is authorized or required to take possession of any of the general assets of any insurer, it is unlawful for any […]
Section 375.740 – Payment of expenses of proceedings.
Effective – 28 Aug 1992 375.740. Payment of expenses of proceedings. — 1. In proceedings to enjoin, rehabilitate, dissolve, wind up or otherwise settle the affairs and dispose of the assets of insurers, the director shall receive no fees nor compensation for any services personally performed by him. 2. He shall have power and authority, […]
Section 375.750 – Reports to court — payment of claims.
Effective – 28 Aug 1992 375.750. Reports to court — payment of claims. — 1. The director, when charged with the winding up of the affairs of an insolvent insurer, shall make at least twice a year to the court and oftener if the court shall so order, a full report, under oath of the […]