Section 379.1545 – Insurers, permissible acts.
Effective – 28 Aug 2018, 2 histories 379.1545. Insurers, permissible acts. — Notwithstanding any other provision of law: (1) An insurer may terminate or otherwise change the terms and conditions of a policy of portable electronics insurance only upon providing the policyholder and enrolled customers with at least thirty days’ notice; (2) If the insurer […]
Section 379.1500 – Definitions.
Effective – 01 Jan 2012 379.1500. Definitions. — As used in sections 379.1500 to 379.1550, the following terms shall mean: (1) “Director”, the director of the department of commerce and insurance; (2) “Insurance company” or “insurer”, any person, reciprocal exchange, interinsurer, or any other legal entity licensed and authorized by the director to write inland […]
Section 379.1505 – Vendor license required — application, fee — termination date.
Effective – 01 Jan 2012 379.1505. Vendor license required — application, fee — termination date. — 1. No vendor shall sell or solicit portable electronics insurance coverage in this state unless such vendor has obtained a portable electronics insurance license. 2. A vendor applying for a portable electronics insurance license shall make application to the […]
Section 379.1510 – Authorization to sell, vendor responsibilities — eligibility and underwriting standards — supervising business entity to be appointed, purpose — training requirements — collection of charges.
Effective – 25 Jun 2013, 2 histories 379.1510. Authorization to sell, vendor responsibilities — eligibility and underwriting standards — supervising business entity to be appointed, purpose — training requirements — collection of charges. — 1. A vendor shall have the obligation to ensure that every location that is authorized to sell, solicit, or negotiate portable […]
Section 379.1515 – Insurance producers act, applicability of.
Effective – 01 Jan 2012 379.1515. Insurance producers act, applicability of. — Persons licensed as vendors shall be subject to the provisions of sections 375.012 to 375.014, 375.018, 375.031, 375.046, 375.051, 375.052, 375.071, 375.106, 375.116, 375.141, and 375.144 of the insurance producers act. ——– (L. 2011 S.B. 132) Effective 1-01-12
Section 379.1520 – Sanctioning of license, when — penalties, when.
Effective – 01 Jan 2012 379.1520. Sanctioning of license, when — penalties, when. — 1. The director may suspend, revoke, or refuse to issue* any license or renew any license required by the provisions of sections 379.1500 to 379.1550 for any reason listed in section 375.141 or for any one or more of the following […]
Section 379.1394 – Dividend-payments, limitations.
Effective – 28 Aug 2007 379.1394. Dividend-payments, limitations. — 1. A SPLRC may not declare or pay dividends in any form to its owners other than in accordance with the transaction agreements. 2. Dividends may not decrease the capital of the SPLRC below the minimum initial capital requirement. 3. After giving effect to the dividends […]
Section 379.1397 – Changes in plan of operation, directors approval required.
Effective – 28 Aug 2007 379.1397. Changes in plan of operation, directors approval required. — Any material changes to a SPLRC’s plan of operation shall require the prior written approval of the director. However, if initially approved in the plan of operation, the subsequent issuance of securities, additional financing, substitution of a party to a […]
Section 379.1400 – Affiliated agreements to be filed with director.
Effective – 28 Aug 2007 379.1400. Affiliated agreements to be filed with director. — Copies of all completed affiliated agreements to which the SPLRC is a party, including but not limited to the SPLRC contract or contracts and any ceded reinsurance agreements to which the SPLRC is a party must be filed with the director […]
Section 379.1403 – Audited financial report required, requirements.
Effective – 28 Aug 2007 379.1403. Audited financial report required, requirements. — 1. No later than five months after the fiscal year end of the SPLRC, the SPLRC shall file with the director an audited financial report by an independent certified public accountant of the financial statements of the SPLRC and any trust accounts established […]