Effective – 28 Aug 1989 379.010. Number of incorporators required — classes of insurance — capital and surplus requirements, phase-in. — 1. Any number of persons, not less than thirteen in number, a majority of whom shall be citizens of this state, may associate and form a corporation, association or company for the purpose of […]
Effective – 28 Aug 2022, 3 histories 379.011. Documents required for insurance transactions or proof of coverage by electronic means permitted, when, requirements — inapplicability — withdrawal of consent, no additional fees for paper records — discounts. — 1. As used in this section, the following terms mean: (1) “Delivered by electronic means”, includes delivery […]
Effective – 28 Aug 2014, 2 histories 379.012. Insurance forms and endorsements may be available on insurer’s website, when, requirements — rulemaking authority. — 1. In addition to and notwithstanding any other provisions or requirements of section 379.011 to the contrary, insurance policy forms and endorsements for insurance as described in subdivisions (1), (2), (3), […]
Effective – 28 Aug 1989 379.017. Combined risk policies authorized — single premium may be lower than aggregate coverage rates. — Every insurance company licensed to do business in this state and authorized to make insurance on classes of insurance enumerated in subdivisions (1), (2) and (3) of subsection 1 of section 379.010 shall have […]
Effective – 28 Aug 1989 379.025. Plans for formation of companies — name — prohibitions. — Corporations may be formed for the purpose of doing business mentioned in section 379.010, either on the stock or mutual plan; and every corporation so formed on the mutual plan shall have the word “mutual” affixed to the name […]
Effective – 28 Aug 1989 379.030. Declaration preliminary to organizing. — The persons mentioned in section 379.010 shall be designated as “incorporators”, and any such incorporators desiring to form a company for the purpose of transacting the business mentioned in said section, upon either of the plans named in section 379.025, shall file in the […]
Effective – 28 Aug 1989 379.035. Articles of incorporation for stock companies. — When such incorporators propose to form a corporation for the purposes designated in section 379.010, on the joint stock plan, the articles of incorporation or association comprised in the declaration in section 379.030 shall set forth: (1) The name assumed by such […]
Effective – 28 Aug 1989 379.040. Declaration, approval, filing — certificate of incorporation — subscription of stock. — Whenever the incorporators shall have filed the declaration required by section 379.030, and also proof of the publication therein required, by the affidavit of the publisher of the newspaper in which the publication was made, his foreman […]
Effective – 28 Aug 1989 379.050. Examination and certification of stocks, by whom. — Upon notification that the capital stock named in the charter has been subscribed, and the amounts required by section 379.010 to be paid in have been paid in as therein required, the director shall make an examination, or cause one to […]
Effective – 28 Aug 1967 379.055. Director to give certificate — to be filed — evidence. — When the corporators have fully complied with the requirements of section 379.050, and have transferred to and deposited with the director of the department of commerce and insurance the securities as required by sections 379.080 and 379.098, the […]
Effective – 28 Aug 1989 379.060. Charter of mutual companies. — When such incorporators propose to form a corporation for the purpose of doing business on the mutual plan, the charter comprised in the declaration mentioned in section 379.030 shall set forth: (1) The name assumed by such corporation, and by which it shall be […]
Effective – 28 Aug 1989 379.065. Organization of corporation — procedure — fee. — Whenever the incorporators shall have filed the declaration required by section 379.030 and also proof of the publication therein required, by the affidavit of the publisher of the newspaper in which the publication was made, his foreman or clerk, with the […]
Effective – 28 Aug 1989 379.070. Director to examine subscriptions, policyholders’ surplus. — Upon notification that subscriptions to the policyholders’ surplus mentioned in section 379.065 have been made, and that the subscriptions therein mentioned have been received, the director shall make an examination, or cause one to be made by some disinterested person specially appointed […]
Effective – 28 Aug 1989 379.075. Authority to commence business, when, how issued. — When the incorporators have fully complied with the requirements of sections 379.010 to 379.070 and the laws of this state governing the organization of private corporations, and such corporation has transferred to and deposited with the director of the director of […]
Effective – 28 Aug 2002 379.080. Capital and surplus of stock or mutual company, investments authorized — violation, penalty. — 1. (1) The amount of the minimum capital required of a stock company to write the lines of business it proposes to transact or is transacting, or if the company is a mutual company an […]
Effective – 28 Aug 1992 379.082. Property and liability companies, assets — requirements, standards. — 1. Property or liability domestic insurers shall maintain assets which meet both the following requirements: (1) The assets shall be diversified both as to type and issue; and (2) The assets shall be reasonably liquid. 2. As used in this […]
Effective – 28 Aug 1997 379.083. Insurer investment in investment pools permitted, when — limitations — custodial and pooling agreements. — 1. As used in this section, the following terms mean: (1) “Affiliate”, as defined in section 382.010; (2) “Business entity”, a corporation, limited liability company, association, partnership, joint stock company, joint venture, mutual fund […]
Effective – 01 Jul 1987 379.085. Mutual companies doing fire and marine business, agreements and securities — violation, penalty. — 1. No company formed upon the mutual plan for the purpose of doing the fire and marine business designated in the first of the three classes of insurance named in section 379.010 shall commence or […]
Effective – 28 Aug 1939 379.090. Premium notes, how payable. — 1. Every person who shall insure in such mutual company, whose premium is payable by note, shall, before he receives his policy, deposit with the company a note for such sum or sums of money as may be agreed upon for the premium, a […]
Effective – 28 Aug 1939 379.095. Assessment of premium notes. — 1. The board of directors of every mutual insurance company organized under the provisions of sections 379.010 to 379.160 shall have the power, as often as they shall deem it necessary in order to settle the losses insured against, and the expenses and other […]
