Section 375.775 – Association, powers and duties.
Effective – 28 Aug 2013 375.775. Association, powers and duties. — 1. The association shall be obligated to the extent of the covered claims existing prior to the date of a final order of liquidation or a judicial determination by a court of competent jurisdiction in the insurer’s domiciliary state that an insolvent insurer exists […]
Section 375.776 – Board of directors, selection, terms — powers and duties.
Effective – 28 Aug 2013 375.776. Board of directors, selection, terms — powers and duties. — 1. The board of directors, subject to the supervision of the director, shall: (1) Establish a plan of operation whereby the duties of the association under section 375.775 will be performed; (2) Establish procedures for handling assets of the […]
Section 375.777 – Director, powers and duties.
Effective – 28 Aug 2007 375.777. Director, powers and duties. — 1. The director shall: (1) Notify the association of the existence of an insolvent insurer not later than three days after he receives notice of the determination of the insolvency; (2) Upon request of the board of directors, provide the association with a statement […]
Section 375.778 – Claims of insured, recovery, procedures — assignment of rights to association, when, extent of — stay of proceedings against insolvent insurer, when — records of insolvent insurer, access by board, when.
Effective – 28 Aug 2004 375.778. Claims of insured, recovery, procedures — assignment of rights to association, when, extent of — stay of proceedings against insolvent insurer, when — records of insolvent insurer, access by board, when. — 1. Any person having a claim against an insurer, regardless of whether such insurer is a member […]
Section 375.779 – Immunity from liability, association and employees — unfair trade practice, using association protection as inducement to purchase policy.
Effective – 28 Aug 2004 375.779. Immunity from liability, association and employees — unfair trade practice, using association protection as inducement to purchase policy. — 1. There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer, the association or its agents, employees, […]
Section 375.780 – Penalties for violation of this chapter.
Effective – 28 Aug 2007 375.780. Penalties for violation of this chapter. — 1. A person commits a crime if he or she willfully violates any of the provisions of this chapter. If not otherwise specifically provided for, the crime is a class B misdemeanor. 2. The director may refer such evidence as is available […]
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 375.773 – Accounts, types of insurance — applicability of law.
Effective – 28 Aug 2004 375.773. Accounts, types of insurance — applicability of law. — 1. For purposes of administration and assessment, the association shall be divided into four separate accounts: (1) The workers’ compensation insurance account; (2) The automobile insurance account; (3) The Missouri mutual and extended Missouri mutual insurance company account; and (4) […]
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 […]