Section 379.265 – Assessments to meet reserve deficiencies.
Effective – 28 Aug 1939 379.265. Assessments to meet reserve deficiencies. — Such company not possessed of assets at least equal to the unearned premium reserve and other liabilities shall make an assessment upon its members liable to assessment to provide for such deficiency, such assessment to be against each such member in proportion to […]
Section 379.270 – Director may advance money.
Effective – 28 Aug 1939 379.270. Director may advance money. — 1. Any director, officer or member of any such company, or any other person, may advance to such company any sum or sums of money necessary for the purpose of its business or to enable it to comply with any of the requirements of […]
Section 379.275 – Policies need not be countersigned — conditions.
Effective – 28 Aug 1939 379.275. Policies need not be countersigned — conditions. — 1. Any law requiring that policies be countersigned and delivered through a resident agent shall not apply to any policy of such mutual company on which no commission shall be paid to any local agent. 2. Such mutual company may insert […]
Section 379.290 – Tax to be paid upon premiums.
Effective – 28 Aug 1945 379.290. Tax to be paid upon premiums. — Every mutual insurance company or association admitted to Missouri under the provisions of sections 379.205 to 379.310 shall annually pay to the director of revenue a tax upon the direct premiums received, whether in cash or in notes, in this state, for […]
Section 379.295 – Returns and assessment to be made by director — collection and disposition of tax by the director of revenue.
Effective – 28 Aug 1945 379.295. Returns and assessment to be made by director — collection and disposition of tax by the director of revenue. — 1. Every such company or association shall, on or before the first day of March in each year, make a return, verified by the affidavit of its president and […]
Section 379.300 – Failure to make return — director to proceed.
Effective – 28 Aug 1945 379.300. Failure to make return — director to proceed. — If any company or association shall fail or refuse to make the return required by sections 379.205 to 379.310, the said director shall assess the tax against said company or association at the rate herein provided for on such amount […]
Section 379.230 – Contracts of insurance and reinsurance.
Effective – 28 Aug 1939 379.230. Contracts of insurance and reinsurance. — Any company organized under the provisions of sections 379.205 to 379.310 is empowered and authorized to make contracts of insurance or to reinsure or accept reinsurance on any portion thereof, to the extent specified in its articles for the kinds of insurance following: […]
Section 379.235 – License required — conditions to be complied with.
Effective – 28 Aug 1977 379.235. License required — conditions to be complied with. — 1. No such company shall issue policies or transact any business of insurance unless it holds a license from the director authorizing the transaction of such business. A license shall not be issued unless the company complies with the following […]
Section 379.240 – Who may hold policies.
Effective – 28 Aug 1939 379.240. Who may hold policies. — 1. Any public or private corporation, board or association in this state or elsewhere may make applications, enter into agreements for and hold policies in any such mutual insurance company. 2. Any officer, stockholder, trustee or legal representative of any such corporation, board, association […]
Section 379.245 – Voting power of members.
Effective – 28 Aug 1939 379.245. Voting power of members. — Every member of the company shall be entitled to one vote, or to a number of votes based upon the insurance in force, the number of policies held, or the amount of premiums paid, as may be provided in the bylaws. ——– (RSMo 1939 […]