Section 375.151 – Acts of managing general agent acts of insurer.
Effective – 01 Jul 1991 375.151. Acts of managing general agent acts of insurer. — The acts of the managing general agent are considered to be the acts of the insurer on whose behalf it is acting. A managing general agent may be examined as if it were the insurer. ——– (L. 1990 H.B. 1739 […]
Section 375.152 – Violations, penalties.
Effective – 28 Aug 2007 375.152. 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 375.147 to 375.153 or a rule adopted or order issued pursuant thereto, […]
Section 375.153 – Managing general agent, director’s authority to promulgate rules.
Effective – 01 Jul 1991 375.153. Managing general agent, director’s authority to promulgate rules. — The director may adopt reasonable rules and regulations for the implementation and administration of sections 375.147 to 375.153. ——– (L. 1990 H.B. 1739 § 12) Effective 7-01-91
Section 375.158 – Insurer shall comply with all insurance laws before doing business — commissions paid, to whom.
Effective – 01 Jan 2003 375.158. Insurer shall comply with all insurance laws before doing business — commissions paid, to whom. — 1. No insurer shall engage in the business of insurance in this state without first complying with all the provisions of the laws of this state governing the business of insurance. 2. No […]
Section 375.145 – Violations, penalties.
Effective – 28 Aug 2007 375.145. 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 375.012 to 375.144 or a rule adopted or order issued pursuant thereto, […]
Section 375.146 – Violation, penalty.
Effective – 28 Aug 2005 375.146. Violation, penalty. — 1. Any person who knowingly employs, uses or engages in any act, scheme, device or practice in violation of section 375.144 with the purpose to defraud shall upon conviction be fined not more than one hundred thousand dollars and imprisoned not more than ten years, or […]
Section 375.147 – Managing general agents (MGA) — citation of law — definitions — law effective, when.
Effective – 28 Aug 1999 375.147. Managing general agents (MGA) — citation of law — definitions — law effective, when. — 1. Sections 375.147 to 375.153 may be cited as the “Managing General Agents Act”. 2. Sections 375.147 to 375.153 shall take effect on July 1, 1991. No insurer may continue to utilize the services […]
Section 375.148 – Managing general agents must be licensed producers — risks located outside state — requirements — bond may be required, also errors and omissions policy.
Effective – 01 Jul 1991 375.148. Managing general agents must be licensed producers — risks located outside state — requirements — bond may be required, also errors and omissions policy. — 1. No person, firm, association or corporation shall act in the capacity of a managing general agent with respect to risks located in this […]
Section 375.149 – Written contract required for placing business with insurer, content — termination of contract for cause — prohibited acts by managing general agents.
Effective – 01 Jul 1991 375.149. Written contract required for placing business with insurer, content — termination of contract for cause — prohibited acts by managing general agents. — No person, firm, association or corporation acting in the capacity of a managing general agent shall place business with an insurer unless there is in force […]
Section 375.052 – Additional incidental fees — disclosure to applicant or insured.
Effective – 28 Aug 2001 375.052. Additional incidental fees — disclosure to applicant or insured. — An insurer or insurance producer may charge additional incidental fees for premium installments, late payments, policy reinstatements, or other similar services specifically provided for by law or regulation. Such fees shall be disclosed to the applicant or insured in […]