Section 375.786 – Certificate of authority required — exceptions — acts which are deemed transaction of insurance business — penalty for transacting business without certificate of authority.
Effective – 01 Jan 2017, 2 histories 375.786. Certificate of authority required — exceptions — acts which are deemed transaction of insurance business — penalty for transacting business without certificate of authority. — 1. It is unlawful for any insurance company to transact insurance business in this state, as set forth in subsection 2 of […]
Section 375.787 – Complaint filed by director, when — injunction authorized.
Effective – 28 Aug 1972 375.787. Complaint filed by director, when — injunction authorized. — Whenever the director believes, from evidence satisfactory to him, that any insurance company is violating or about to violate the provisions of section 375.786, the director may cause a complaint to be filed in the circuit court of Cole County, […]
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 […]
Section 375.771 – Citation of law.
Effective – 28 Aug 1989 375.771. Citation of law. — Sections 375.771 to 375.779 shall be referred to as the “Missouri Property and Casualty Insurance Guaranty Association Act”. If any provision of sections 375.771 to 375.779 is found to be unconstitutional, the remaining provisions are to be treated as being in full force and effect. […]
Section 375.772 – Association, created — definitions.
Effective – 28 Aug 2013 375.772. Association, created — definitions. — 1. There is created a nonprofit unincorporated legal entity to be known as the “Missouri Property and Casualty Insurance Guaranty Association”, hereinafter referred to as “association”. All member insurers shall be and remain members of the association as a condition of their authority to […]
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 […]