Section 378.632 – Injunction, who may file.
Effective – 01 Jan 1993 378.632. Injunction, who may file. — No application or petition for injunction against any domestic, foreign or alien society, or lodge thereof, shall be recognized in any court of this state unless made by the director. ——– (L. 1992 S.B. 831) Effective 1-01-93
Section 378.633 – Agents, licensing of — persons not deemed agents.
Effective – 28 Aug 2015 378.633. Agents, licensing of — persons not deemed agents. — 1. Agents of societies shall be licensed in accordance with the provisions of chapter 375 regulating the licensing, revocation, suspension or termination of license of resident and nonresident agents; provided, that no person who acted in the capacity as an […]
Section 378.634 – Unfair practices and frauds, subject to law — exception.
Effective – 01 Jan 1993 378.634. Unfair practices and frauds, subject to law — exception. — Every society authorized to do business in this state shall be subject to the sections of chapter 375 relating to unfair practices and frauds; provided, however, that nothing therein shall be construed as applying to or affecting the right […]
Section 378.635 – Service of process, director to be agent for.
Effective – 01 Jan 1993 378.635. Service of process, director to be agent for. — Every society authorized to do business in this state shall appoint the director to be its true and lawful attorney upon whom all lawful process in any action or proceeding against it shall be served, as provided in section 375.906. […]
Section 378.621 – Investment of funds.
Effective – 01 Jan 1993 378.621. Investment of funds. — A society shall invest its funds only in such investments as are authorized by the laws of this state for the investment of assets of life insurers and subject to the limitations thereon. Any foreign or alien society permitted or seeking to do business in […]
Section 378.622 – Assets, use of — variable basis contracts, allowed when.
Effective – 01 Jan 1993 378.622. Assets, use of — variable basis contracts, allowed when. — 1. All assets shall be held, invested and disbursed for the use and benefit of the society and no member or beneficiary shall have or acquire individual rights therein or become entitled to any apportionment on the surrender of […]
Section 378.623 – Application of law — exemption from insurance laws.
Effective – 01 Jan 1993 378.623. Application of law — exemption from insurance laws. — Except as herein provided, societies shall be governed by this chapter and shall be exempt from all other provisions of the insurance laws of this state, except chapters 374 and 375, not only in governmental relations with this state, but […]
Section 378.624 – Taxation of societies, exemptions.
Effective – 01 Jan 1993 378.624. Taxation of societies, exemptions. — Every society organized or licensed under this chapter is hereby declared to be a charitable and benevolent institution, and all of its funds shall be exempt from all and every state, county, district, municipal and school tax other than taxes on real estate and […]
Section 378.625 – Valuation of certificates, standards — reserves, excess permitted.
Effective – 01 Jan 1993 378.625. Valuation of certificates, standards — reserves, excess permitted. — 1. Standards of valuation for certificates issued prior to one year after January 1, 1993, shall be those provided by the laws applicable immediately prior to January 1, 1993. 2. The minimum standards of valuation for certificates issued on or […]
Section 378.615 – Conversion to mutual life insurance company, allowed when.
Effective – 01 Jan 1993 378.615. Conversion to mutual life insurance company, allowed when. — 1. Any domestic fraternal benefit society may be converted and licensed as a mutual life insurance company by compliance with all the requirements of the insurance laws of this state for mutual life insurance companies. A plan of conversion shall […]