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 379.255 – Assets, how invested.
Effective – 28 Aug 1939 379.255. Assets, how invested. — No such company shall invest any of its assets except in accordance with the laws of this state relating to the investment of the assets of domestic stock companies transacting the same kinds of insurance. ——– (RSMo 1939 § 5960) Prior revisions: 1929 § 5849; […]
Section 379.257 – Deposit of securities required of mutual companies other than life and fire.
Effective – 28 Aug 1967 379.257. Deposit of securities required of mutual companies other than life and fire. — Any company organized or doing business under sections 379.205 to 379.310 shall comply with the provisions of section 379.098. ——– (L. 1967 p. 516)
Section 379.260 – Reserves.
Effective – 28 Aug 1939 379.260. Reserves. — Such company shall maintain unearned premium and other reserves separately for each kind of insurance, upon the same basis as that required of domestic stock insurance companies transacting the same kind of insurance; provided, that any reserve for losses or claims based upon the premium income shall […]
Section 379.263 – Mutual companies other than life and fire to file statement of affairs, when.
Effective – 28 Aug 1967 379.263. Mutual companies other than life and fire to file statement of affairs, when. — Any company organized under the provisions of sections 379.205 to 379.310 shall on the first day of January of each year or within sixty days thereafter, file with the director of the department of commerce […]