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 […]
Section 379.250 – Premiums.
Effective – 28 Aug 1939 379.250. Premiums. — 1. The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance. 2. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash […]
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 […]
Section 379.205 – Mutual companies other than life and fire insurance.
Effective – 28 Aug 1939 379.205. Mutual companies other than life and fire insurance. — A number of persons, not less than twenty-five, a majority of whom shall be bona fide residents of this state, by complying with the provisions of sections 379.205 to 379.310, may become together with others who may hereafter be associated […]
Section 379.210 – Articles of incorporation shall specify what.
Effective – 28 Aug 1939 379.210. Articles of incorporation shall specify what. — Any persons proposing to form any such company shall subscribe and acknowledge articles of incorporation specifying: (1) The name, the purpose for which formed, and the location of its principal or home office, which shall be within this state; (2) The names […]
Section 379.215 – Name must contain the word “mutual”.
Effective – 28 Aug 1939 379.215. Name must contain the word “mutual”. — No name shall be adopted by such company which does not contain the word “mutual” or which is so similar to any name already in use by any such existing corporation, company or association, organized or doing business in the United States, […]
Section 379.220 – Submitted to director — proof of publication — certificate may be issued — amendment of articles.
Effective – 28 Aug 1939 379.220. Submitted to director — proof of publication — certificate may be issued — amendment of articles. — 1. Such articles shall be submitted to the director of the department of commerce and insurance, herein called “director”. 2. Such publication shall be made as required by section 379.030, and upon […]