Section 375.1160 – Administrative supervision by director, procedures, allowed when — proceedings confidential, exceptions — powers of administrative supervisor — penalties for violations — director may adopt rules — immunity from liability for director and employees.
Effective – 28 Aug 2007 375.1160. Administrative supervision by director, procedures, allowed when — proceedings confidential, exceptions — powers of administrative supervisor — penalties for violations — director may adopt rules — immunity from liability for director and employees. — 1. As used in this section: (1) “Exceeded its powers” means one or more of […]
Section 375.1161 – Violations, penalties.
Effective – 28 Aug 2007 375.1161. Violations, penalties. — 1. If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice or course of business constituting a violation of sections 375.1150 to 375.1246 or a rule adopted or order issued pursuant thereto, […]
Section 375.1162 – Director may order activities to prevent delinquency proceeding.
Effective – 28 Aug 1991 375.1162. Director may order activities to prevent delinquency proceeding. — Whenever the director has reasonable cause to believe, and determines that any domestic insurer has committed or engaged in, or is about to commit or engage in, any act, practice, or transaction that would subject it to delinquency proceedings under […]
Section 375.1164 – Seizure order, director may petition for, when — effects.
Effective – 28 Aug 1992 375.1164. Seizure order, director may petition for, when — effects. — 1. The director may file in a court of this state a petition alleging, with respect to a domestic insurer: (1) That there exist any grounds that would justify a court order for a formal delinquency proceeding against an […]
Section 375.1165 – Rehabilitation of insurer, director may petition, when — grounds.
Effective – 28 Aug 1991 375.1165. Rehabilitation of insurer, director may petition, when — grounds. — The director may apply by petition to the court for an order authorizing him to rehabilitate a domestic insurer or an alien insurer domiciled in this state on any one or more of the following grounds: (1) The insurer […]
Section 375.1166 – Director to serve as rehabilitator — duties — periodic accounting required — immunity, when.
Effective – 28 Aug 1992 375.1166. Director to serve as rehabilitator — duties — periodic accounting required — immunity, when. — 1. An order to rehabilitate the business of a domestic insurer, or an alien insurer domiciled in this state, shall appoint the director and his successors as rehabilitator, and shall direct the rehabilitator forthwith […]
Section 375.1168 – Director may appoint special deputies, powers — rehabilitation procedures — criminal conduct of party, power of director — advisory committee may be appointed, when.
Effective – 28 Aug 1991 375.1168. Director may appoint special deputies, powers — rehabilitation procedures — criminal conduct of party, power of director — advisory committee may be appointed, when. — 1. The director as rehabilitator may appoint one or more special deputies, who shall have all the powers and responsibilities of the rehabilitator granted […]
Section 375.1170 – Stay of other pending actions, duration — statute of limitations not to run.
Effective – 28 Aug 1991 375.1170. Stay of other pending actions, duration — statute of limitations not to run. — 1. Any court in this state before which any action or proceeding in which the insurer is a party, or is obligated to defend a party, is pending when a rehabilitation order against the insurer […]
Section 375.1172 – Records deemed public, when — exceptions.
Effective – 28 Aug 1992 375.1172. Records deemed public, when — exceptions. — In all proceedings and judicial reviews thereof under sections 375.1164 to 375.1170, all records of the insurer, other documents, and all department of commerce and insurance files and court records and papers, so far as they pertain to or are a part […]
Section 375.1140 – Effective date.
Effective – 01 Jul 1992 375.1140. Effective date. — Sections 375.1110 to 375.1140 shall take effect on July 1, 1992. No insurer or reinsurer may continue to use the services of a reinsurance intermediary on and after July 1, 1992, unless such use is in compliance with sections 375.1110 to 375.1140. ——– (L. 1991 H.B. […]