Section 375.1130 – Insurer’s use of manager, restrictions — financial condition statement required.
Effective – 01 Jul 1992 375.1130. Insurer’s use of manager, restrictions — financial condition statement required. — 1. The reinsurer shall not engage the services of any person, firm, association or corporation to act as an RM on its behalf unless such person is licensed as required by subsection 2 of section 375.1115. 2. The […]
Section 375.1132 – Examination of reinsurance manager, director may conduct.
Effective – 01 Jul 1992 375.1132. Examination of reinsurance manager, director may conduct. — 1. A reinsurance intermediary shall be subject to examination by the director. The director shall have access to all books, bank accounts and records of the reinsurance intermediary in a form usable to the director. 2. An RM may be examined […]
Section 375.1135 – Penalties, director may assess, procedures.
Effective – 28 Aug 2007 375.1135. Penalties, director may assess, procedures. — 1. If the director determines that a reinsurance intermediary, insurer, or reinsurer 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 375.1110 to 375.1140 or a […]
Section 375.1137 – Application fee, reinsurance intermediary license — renewal.
Effective – 01 Jul 1992 375.1137. Application fee, reinsurance intermediary license — renewal. — The initial application fee for a reinsurance intermediary license is one hundred dollars. The license shall be renewed annually on the anniversary date of issuance and continue in effect until refused, revoked or suspended by the director in accordance with sections […]
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. […]
Section 375.1150 – Citation of law — applicability.
Effective – 28 Aug 1991 375.1150. Citation of law — applicability. — 1. Sections 375.1150 to 375.1246 shall be cited as the “Insurers Supervision, Rehabilitation and Liquidation Act”. 2. The proceedings authorized by sections 375.1150 to 375.1246 may be applied to: (1) All insurers conducting business which are doing, or have done, an insurance business […]
Section 375.1152 – Definitions.
Effective – 28 Aug 2010 375.1152. Definitions. — For purposes of sections 375.570 to 375.750 and 375.1150 to 375.1246, the following words and phrases shall mean: (1) “Allocated loss adjustment expenses”, those fees, costs or expenses reasonably chargeable to the investigation, negotiation, settlement or defense of an individual claim or loss or to the protection […]
Section 375.1154 – Delinquency proceeding, director to initiate — law to govern proceedings — situs of insurer and property this state, when — venue.
Effective – 28 Aug 1991 375.1154. Delinquency proceeding, director to initiate — law to govern proceedings — situs of insurer and property this state, when — venue. — 1. No delinquency proceeding shall be commenced after August 28, 1991, by anyone other than the director and no court shall have jurisdiction to entertain, hear or […]
Section 375.1155 – Receiver may petition for injunctions, restraining orders — purposes — delinquency proceeding does not stay other rights and enforcement.
Effective – 28 Aug 2010 375.1155. Receiver may petition for injunctions, restraining orders — purposes — delinquency proceeding does not stay other rights and enforcement. — 1. Any receiver appointed in a proceeding under sections 375.1150 to 375.1246 may at any time apply for, and any court of general jurisdiction may grant, such restraining orders, […]
Section 375.1112 – Definitions.
Effective – 01 Jul 1992 375.1112. Definitions. — As used in sections 375.1110 to 375.1140, the following terms mean: (1) “Actuary”, a person who is a member in good standing of the American Academy of Actuaries; (2) “Controlling person”, any person, firm, association or corporation who directly or indirectly has the power to direct or […]