Section 379.1342 – Trust fund required for branch captive insurance company.
Effective – 28 Aug 2007 379.1342. Trust fund required for branch captive insurance company. — In the case of a branch captive insurance company, as security for the payment of liabilities attributable to the branch operations, the director shall require that a trust fund, funded by an irrevocable letter of credit or other acceptable asset, […]
Section 379.1344 – Certificate for branch captive insurance companies.
Effective – 28 Aug 2007 379.1344. Certificate for branch captive insurance companies. — In the case of a captive insurance company licensed as a branch captive, the alien captive insurance company shall petition the director to issue a certificate setting forth the director’s finding that, after considering the character, reputation, financial responsibility, insurance experience, and […]
Section 379.1346 – Reports and statements of branch captive insurance companies to be filed with director.
Effective – 28 Aug 2007 379.1346. Reports and statements of branch captive insurance companies to be filed with director. — Prior to March first of each year, or with the approval of the director within sixty days after its fiscal year end, a branch captive insurance company shall file with the director a copy of […]
Section 379.1348 – Examination of branch captive insurance companies, limitations.
Effective – 28 Aug 2007 379.1348. Examination of branch captive insurance companies, limitations. — 1. The examination of a branch captive insurance company under section 379.1314 shall be of branch business and branch operations only, so long as the branch captive insurance company provides annually to the director a certificate of compliance, or its equivalent, […]
Section 379.1350 – Applicability of tax to branch companies.
Effective – 28 Aug 2007 379.1350. Applicability of tax to branch companies. — In the case of a branch captive insurance company, the tax provided for in section 379.1326 shall apply only to the branch business of such company. ——– (L. 2007 S.B. 215)
Section 379.1351 – Sponsored captive insurance companies, may be formed by whom — definitions — requirements.
Effective – 28 Aug 2013 379.1351. Sponsored captive insurance companies, may be formed by whom — definitions — requirements. — 1. One or more sponsors may form a sponsored captive insurance company under sections 379.1300 to 379.1351. In addition to the general provisions of sections 379.1300 to 379.1351, the provisions of this section shall apply […]
Section 379.1330 – Inapplicability of insurance laws to captive insurance companies.
Effective – 28 Aug 2007 379.1330. Inapplicability of insurance laws to captive insurance companies. — No provisions of the insurance laws of this state, other than those contained in sections 379.1300 to 379.1350 or contained in specific references contained therein, shall apply to captive insurance companies. ——– (L. 2007 S.B. 215)
Section 379.1332 – Promotion of captive insurance, moneys from dedicated insurance fund to be used.
Effective – 28 Aug 2009, 2 histories 379.1332. Promotion of captive insurance, moneys from dedicated insurance fund to be used. — 1. (1) The insurance dedicated fund under section 374.150 shall be adequately funded through the collection of fees and taxes for the purpose of providing the financial means for the director of the department […]
Section 379.1336 – Insurance reorganization, receivership and injunctions provisions — applicability to captive insurance companies.
Effective – 28 Aug 2007 379.1336. Insurance reorganization, receivership and injunctions provisions — applicability to captive insurance companies. — Except as otherwise provided in sections 379.1300 to 379.1350, the terms and conditions set forth in sections 375.1150 to 375.1246 pertaining to insurance reorganizations, receiverships and injunctions shall apply in full to captive insurance companies formed […]
Section 379.1338 – Standards for risk management of controlled unaffiliated business.
Effective – 28 Aug 2007 379.1338. Standards for risk management of controlled unaffiliated business. — The director may promulgate rules under section 374.045 establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive […]