Section 375.161 – Certificate to do business — when terminated.
Effective – 28 Aug 1967 375.161. Certificate to do business — when terminated. — No company shall transact in this state any insurance business unless it shall first procure from the director a certificate stating the requirements of the insurance laws of this state have been complied with authorizing it to do business, which certificate […]
Section 375.163 – Director shall not authorize business if management of company is incompetent or untrustworthy.
Effective – 28 Aug 1967 375.163. Director shall not authorize business if management of company is incompetent or untrustworthy. — The director shall not grant or continue authority to transact insurance in this state as to any insurer or interinsurance exchange, one or more of the managing officers of which is found by him, after […]
Section 375.164 – Management contracts, to be filed with director when requested — may examine records of company, to what extent — notice of management contract required.
Effective – 28 Aug 1967 375.164. Management contracts, to be filed with director when requested — may examine records of company, to what extent — notice of management contract required. — 1. All agreements or contracts under which any person, organization or corporation enjoys in fact the exclusive or dominant right to manage or control […]
Section 375.166 – Expense of organization limited.
Effective – 28 Aug 1967 375.166. Expense of organization limited. — 1. It shall be unlawful for any corporation organized under the laws of this state for the purpose of conducting an insurance business of any kind to pay more than ten percent of the total amount realized from the sale of its capital stock, […]
Section 375.169 – Violation of section 375.166 a misdemeanor, penalty.
Effective – 28 Aug 1967 375.169. Violation of section 375.166 a misdemeanor, penalty. — Any officer, director, clerk, employee or agent of any company who receives or pays out, or orders the payment of any money, or incurs any obligation for the payment of money, in violation of the terms of section 375.166, shall be […]
Section 375.176 – Proceedings against promoters.
Effective – 28 Aug 1967 375.176. Proceedings against promoters. — 1. Whenever it appears to the director of the department of commerce and insurance from any examination made by himself, or from the report of the person or persons appointed by him to make an examination, or from the statements of the company, or its […]
Section 375.181 – Officers required of companies.
Effective – 28 Aug 1967 375.181. Officers required of companies. — 1. Every insurance company organized under the laws of Missouri shall have a president and a secretary who shall be chosen by the directors, and such other officers as shall be prescribed by the bylaws of the corporation. Unless the bylaws otherwise provide, any […]
Section 375.183 – Director to investigate incorporators, directors and proposed officers, approval withheld, when.
Effective – 28 Aug 1967 375.183. Director to investigate incorporators, directors and proposed officers, approval withheld, when. — The director shall not approve any declaration of organization or articles of incorporation or issue a certificate of authority to any company until he has found that there is no good reason to believe that the incorporators, […]
Section 375.186 – Seal and bylaws.
Effective – 28 Aug 1967 375.186. Seal and bylaws. — The corporators or directors of any insurance company organized under the laws of this state shall have power to adopt a seal, and to make such bylaws, not inconsistent with the constitution and laws of this state, as they may deem necessary for the regulation […]
Section 375.150 – Duties of insurer — appointment of or termination of contract with managing general agent, notice to director, content.
Effective – 01 Jul 1991, 2 histories 375.150. Duties of insurer — appointment of or termination of contract with managing general agent, notice to director, content. — 1. The insurer shall have on file an independent financial examination in a form acceptable to the director of each managing general agent with which it has done […]