Section 375.1194 – Transfer of real property not voidable, when.
Effective – 28 Aug 1991 375.1194. Transfer of real property not voidable, when. — 1. After a petition for rehabilitation or liquidation has been filed, a transfer of any of the real property of the insurer made to a person acting in good faith shall be valid against the receiver if made for a present […]
Section 375.1195 – Preference, voidable when, how recovered — liens, voidable when, procedure — liability of officers for granting preferences.
Effective – 28 Aug 1991 375.1195. Preference, voidable when, how recovered — liens, voidable when, procedure — liability of officers for granting preferences. — 1. (1) A preference is a transfer of any of the property of an insurer to or for the benefit of a creditor, for or on account of an antecedent debt, […]
Section 375.1196 – Claims of creditor, surrender of preference required.
Effective – 28 Aug 1991 375.1196. Claims of creditor, surrender of preference required. — 1. No claims of a creditor who has received or acquired a preference, lien, conveyance, transfer, assignment or encumbrance voidable under sections 375.1150 to 375.1246 shall be allowed unless he surrenders the preference, lien, conveyance, transfer, assignment or encumbrance. If an […]
Section 375.1198 – Mutual credits or debts, setoffs allowed — exceptions.
Effective – 28 Aug 2004 375.1198. Mutual credits or debts, setoffs allowed — exceptions. — 1. Mutual debts or mutual credits, whether arising out of one or more contracts, between the insurer and another person in connection with any action or proceeding under sections 375.1150 to 375.1246, sections 374.216 and 374.217, and section 382.302 shall […]
Section 375.1200 – Report to court by liquidator, when, contents — assessment against members, court to compute an order, when.
Effective – 28 Aug 1991 375.1200. Report to court by liquidator, when, contents — assessment against members, court to compute an order, when. — 1. As soon as practicable, but not more than two years from the date of an order of liquidation under section 375.1176 of an insurer issuing assessable policies, the liquidator shall […]
Section 375.1202 – Reinsurers, amounts recoverable not reduced due to delinquency proceedings — exceptions.
Effective – 28 Aug 2002 375.1202. Reinsurers, amounts recoverable not reduced due to delinquency proceedings — exceptions. — 1. The amount recoverable by the liquidator from reinsurers shall not be reduced as a result of the delinquency proceedings, regardless of any provision in the reinsurance contract or other agreement. Payment made directly to an insured […]
Section 375.1204 – Payment of unearned premiums required — violation, penalties.
Effective – 28 Aug 2007 375.1204. Payment of unearned premiums required — violation, penalties. — 1. A producer, premium finance company, or any other person, other than the insured, responsible for the payment of a premium, shall be obligated to pay any unpaid earned premium due the insurer at the time of the declaration of […]
Section 375.1185 – Notices provided by liquidator, procedures.
Effective – 28 Aug 1991 375.1185. Notices provided by liquidator, procedures. — 1. Unless the court otherwise directs, the liquidator shall give or cause to be given notice of the liquidation order as soon as possible: (1) By first class mail and either by telegram or telephone to the director of the department of commerce […]
Section 375.1186 – Agent of insurer, duty to provide information to liquidator — penalty.
Effective – 28 Aug 1991 375.1186. Agent of insurer, duty to provide information to liquidator — penalty. — 1. Every person who receives notice in the form prescribed in section 375.1185 that an insurer which he represents as an agent is the subject of a liquidation order, within thirty days of such notice, shall provide […]
Section 375.1188 – Stay of other actions — liquidator may bring certain actions, when.
Effective – 28 Aug 1991 375.1188. Stay of other actions — liquidator may bring certain actions, when. — 1. Upon issuance of an order appointing a liquidator of a domestic insurer or of an alien insurer domiciled in this state, no action at law or equity or in arbitration shall be brought against the insurer […]