Effective – 28 Aug 2008 376.005. Definitions. — As used in this chapter, unless otherwise clearly indicated by the context, the following words mean: (1) “Department”, the department of commerce and insurance; and (2) “Director”, the director of the department of commerce and insurance. ——– (L. 2008 S.B. 788)
Effective – 28 Aug 2012 376.010. Who may form company — purposes. — Any number of persons, not less than thirteen, may associate and form a company for the purpose of making insurance upon the lives of individuals, and every assurance pertaining thereto or connected therewith (including, for policies issued outside of the United States […]
Effective – 28 Aug 2012 376.015. Involuntary unemployment insurance may be issued in connection with extension of credit or certain group life insurance, requirements. — Corporations doing the business specified in section 376.010 may also make insurance to provide a periodic indemnity for involuntary unemployment when such insurance is sold in connection with an extension […]
Effective – 28 Aug 1939 376.020. Various companies defined. — Corporations doing the business mentioned in section 376.010, which are owned and controlled entirely by the stockholders, and in neither the management nor the profits of which the policyholders participate, shall be considered “joint stock companies”; such corporations having no capital stock, and in the […]
Effective – 28 Aug 1939 376.050. Declaration of corporators. — The persons mentioned in section 376.010 shall be designated as “corporators”, and such corporators, desiring to form a company for the purpose of transacting the business mentioned in said section, or any part of the same, shall file in the office of the director of […]
Effective – 28 Aug 1943 376.060. Stock companies — content of charter. — When such corporators propose to form a joint stock company for the purposes designated in section 376.010, the charter comprised in the declaration mentioned in section 376.050 shall set forth (1) The name assumed by such corporation and by which it shall […]
Effective – 28 Aug 1957 376.070. To be submitted to attorney general. — Whenever the corporators have filed the declaration required by section 376.050 and also the proof of publication therein required by the affidavit of the publisher of the newspaper in which the publication was made, his foreman or clerk, with the director of […]
Effective – 28 Aug 1967 376.080. Director to examine, when. — Upon being notified that the capital stock named in the charter has been subscribed, and two hundred thousand dollars thereof paid in, the director shall make an examination, or cause one to be made by some disinterested person specially appointed by him for that […]
Effective – 28 Aug 1939 376.090. To furnish certificate of deposit, when. — When the corporators have fully complied with the requirements of the preceding sections, and the laws of this state governing the organization of private corporations, and said corporation has deposited with the director of the department of commerce and insurance the amount […]
Effective – 28 Aug 1951 376.100. Mutual companies — contents of charter. — When such corporators propose to form a mutual company, for the purpose designated in section 376.010, the charter comprised in the declaration mentioned in section 376.050 shall set forth: (1) The name assumed by such corporation, and by which it shall be […]
Effective – 28 Aug 1957 376.110. To be submitted to attorney general. — Whenever the corporators have filed the declaration required by section 376.050 and also proof of the publication therein required by the affidavit of the publisher of the newspaper in which the publication was made, his foreman or clerk, with the director, the […]
Effective – 28 Aug 1939 376.120. Director to examine and certify, when. — Upon being notified that the proposals and agreements for assurance named in the charter have been made, and the amount of premiums therein mentioned has been received, the director shall make an examination, or cause one to be made, by some disinterested […]
Effective – 28 Aug 1939 376.130. To furnish certificate of deposit, when. — When the corporators have fully complied with the requirements of the preceding sections, and the laws of this state governing the organization of private corporations, and said corporation has deposited with the director of the department of commerce and insurance the amount […]
Effective – 28 Aug 1957 376.142. Stock company may become mutual — procedure — policyholders’ meeting — acquisition of stock. — 1. Any domestic stock life insurance corporation, incorporated under a general law, may become a mutual life insurance corporation, and to that end may carry out a plan for the acquisition of shares of […]
Effective – 28 Aug 1957 376.143. Stock company may acquire its own shares to be held in trust for mutual — appointment, powers and duties of trustees. — 1. If a domestic stock life insurance corporation determines to become a mutual life insurance corporation, it may, in carrying out any plan to that end under […]
Effective – 28 Aug 1957 376.144. Acquisition of shares of dissenting stockholders, procedure — abandonment of mutualization. — 1. If a stockholder of any domestic stock life insurance corporation planning to become a mutual life insurance corporation under section 376.142 files with the corporation prior to or at the meeting of the stockholders at which […]
Effective – 28 Aug 1957 376.145. Officers of stock company to continue as officers of mutual. — When a domestic stock life insurance corporation has become converted into a mutual life insurance corporation, the officers and directors or trustees of the original corporation shall remain as the officers and directors or trustees of the newly […]
Effective – 28 Aug 1976 376.146. Board of directors or trustees of mutual, membership qualifications, term of office. — 1. The corporate powers of a mutual life insurance corporation shall be exercised by, and its business and affairs shall be controlled by, a board of directors or trustees composed of not less than three nor […]
Effective – 28 Aug 1957 376.147. Meetings of board of mutual, notice — executive committee of board, powers. — 1. Meetings of the board of directors or trustees of any mutual life insurance corporation shall be upon such notice as the articles of agreement prescribe. Attendance of a director or trustee at any meeting constitutes […]
Effective – 28 Aug 1957 376.148. Policyholders are members of mutual — voting rights — directors may alter articles — additional assessments prohibited. — 1. The articles of agreement of any mutual life insurance corporation shall provide that each policyholder of the corporation shall be a member of the corporation. 2. As used in this […]
