Section 375.710 – Conflict of interests — power of court — trustees.
Effective – 28 Aug 1992 375.710. Conflict of interests — power of court — trustees. — In case of any conflict of interests on any matter, or concerning the enforcement or settlement of any conflicting claims between two or more insurers, the settlement and winding up of whose affairs shall be under the charge of […]
Section 375.720 – Penalty for failure or refusal to deliver assets to director.
Effective – 01 Jan 2017, 2 histories 375.720. Penalty for failure or refusal to deliver assets to director. — 1. Whenever, by this chapter, or by any other law of this state, the director is authorized or required to take possession of any of the general assets of any insurer, it is unlawful for any […]
Section 375.740 – Payment of expenses of proceedings.
Effective – 28 Aug 1992 375.740. Payment of expenses of proceedings. — 1. In proceedings to enjoin, rehabilitate, dissolve, wind up or otherwise settle the affairs and dispose of the assets of insurers, the director shall receive no fees nor compensation for any services personally performed by him. 2. He shall have power and authority, […]
Section 375.750 – Reports to court — payment of claims.
Effective – 28 Aug 1992 375.750. Reports to court — payment of claims. — 1. The director, when charged with the winding up of the affairs of an insolvent insurer, shall make at least twice a year to the court and oftener if the court shall so order, a full report, under oath of the […]
Section 375.771 – Citation of law.
Effective – 28 Aug 1989 375.771. Citation of law. — Sections 375.771 to 375.779 shall be referred to as the “Missouri Property and Casualty Insurance Guaranty Association Act”. If any provision of sections 375.771 to 375.779 is found to be unconstitutional, the remaining provisions are to be treated as being in full force and effect. […]
Section 375.772 – Association, created — definitions.
Effective – 28 Aug 2013 375.772. Association, created — definitions. — 1. There is created a nonprofit unincorporated legal entity to be known as the “Missouri Property and Casualty Insurance Guaranty Association”, hereinafter referred to as “association”. All member insurers shall be and remain members of the association as a condition of their authority to […]
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 375.660 – Disposition of assets.
Effective – 28 Aug 1992 375.660. Disposition of assets. — 1. If the court directs the director to liquidate, settle or wind up the affairs of the defendant, said director shall take immediate possession of the assets, books and papers of the defendant, and unless disposition of the assets of the defendant is made by […]
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 […]