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 375.534 – Foreign governments or corporations, investment in permitted — conditions, requirements.
Effective – 28 Aug 2015, 2 histories 375.534. Foreign governments or corporations, investment in permitted — conditions, requirements. — 1. In addition to other foreign investments permitted by Missouri law for the type or kind of insurance company involved, the capital, reserves and surplus of all insurance companies of whatever kind and character organized under […]
Section 375.535 – Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when.
Effective – 28 Aug 1967 375.535. Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when. — Whenever the director has reason to believe that any insurance company licensed to do business in this state is, because of the nature and extent of the […]
Section 375.537 – Impaired insurer, defined — duty to notify director — penalties for failure to notify.
Effective – 01 Jan 2017, 2 histories 375.537. Impaired insurer, defined — duty to notify director — penalties for failure to notify. — 1. As used in this section, the following terms mean: (1) “Chief executive officer”, the person, irrespective of his title, designated by the board of directors or trustees of an insurer as […]
Section 375.539 – Hazardous operation, discontinuation determination, standards for — issuance of order by director, hearing procedure.
Effective – 28 Aug 2010 375.539. Hazardous operation, discontinuation determination, standards for — issuance of order by director, hearing procedure. — 1. The director of the department of commerce and insurance may deem an insurance company to be in such financial condition that its further transaction of business would be hazardous to policyholders, creditors, and […]
Section 375.570 – Manner of commencing proceedings — petition, contents.
Effective – 28 Aug 1992 375.570. Manner of commencing proceedings — petition, contents. — 1. Terms used in sections 375.570 to 375.750 shall mean as defined in section 375.1152. 2. A formal delinquency proceeding, or seizure as described in section 375.1164, shall be commenced by filing a verified petition in the name of the director, […]
Section 375.580 – Issuance, service and return of process.
Effective – 28 Aug 1992 375.580. Issuance, service and return of process. — 1. If any order as described in section 375.640 or 375.1155 to be issued preliminarily to the summary hearing provided by section 375.600 is prayed for: (1) The petition shall be first presented ex parte to the court, which may issue its […]
Section 375.600 – Pleadings and proceedings, general procedures — summary hearing, purpose — effect of nonattendance by defendant.
Effective – 28 Aug 1992 375.600. Pleadings and proceedings, general procedures — summary hearing, purpose — effect of nonattendance by defendant. — 1. The pleadings and proceedings, insofar as not otherwise regulated by sections 375.570 to 375.750, 375.950 to 375.990 and 375.1150 to 375.1246, shall be as in other civil causes. 2. At the time […]
Section 375.610 – Hearing by the court, procedures — no continuances or discovery, exceptions.
Effective – 28 Aug 1992 375.610. Hearing by the court, procedures — no continuances or discovery, exceptions. — 1. All pleadings shall be made up and filed at or before the day of the hearing, and the court shall, without the intervention of a jury, and without unnecessary delay, proceed to hear and determine such […]