Section 379.1409 – Record-keeping requirements.
Effective – 28 Aug 2007 379.1409. Record-keeping requirements. — The SPLRC shall maintain its books and records in the state and make the same available at any time for examination by the director. Notwithstanding the preceding, original books and records may be kept outside of the state, if a plan is adopted by the SPLRC […]
Section 379.1412 – Premium tax required, amount, procedure.
Effective – 28 Aug 2009, 2 histories 379.1412. Premium tax required, amount, procedure. — 1. Each SPLRC shall pay to the director of revenue on or before May first of each year a premium tax at the rate of two hundred fourteen thousandths of one percent on the first twenty million dollars of assumed reinsurance […]
Section 379.1415 – Confidentiality of records, exceptions.
Effective – 28 Aug 2007 379.1415. Confidentiality of records, exceptions. — Information filed with the director is confidential and may not be disclosed without the prior written consent of the SPLRC, except: (1) Information is discoverable in civil litigation provided: (a) The SPLRC is found by the court to be a necessary party; (b) The […]
Section 379.1418 – Grounds for liquidation — granting of relief, management of assets.
Effective – 28 Aug 2007 379.1418. Grounds for liquidation — granting of relief, management of assets. — 1. The director may apply by petition to the circuit court for an order authorizing the director to conserve, rehabilitate or liquidate a SPLRC domiciled in this state on one or more of the following grounds: (1) There […]
Section 379.1421 – Rulemaking authority.
Effective – 28 Aug 2007 379.1421. Rulemaking authority. — The director may promulgate all rules and regulations necessary to effectuate the purposes of sections 379.1353 to 379.1421. No regulations promulgated under this authority shall affect SPLRC contracts or other transactions approved prior to the effective date of such rules. Any rule or portion of a […]
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 379.1364 – License fee, amount.
Effective – 28 Aug 2007 379.1364. License fee, amount. — Each SPLRC shall pay to the director a license fee for the year of registration of seven thousand five hundred dollars for processing its license. The provisions of sections 374.160 to 374.162 and sections 374.202 to 374.207 shall apply to examinations, investigations, and processing conducted […]
Section 379.1367 – Approval of application, findings by director.
Effective – 28 Aug 2007 379.1367. Approval of application, findings by director. — 1. In order to approve an application and issue a license to a SPLRC under sections 379.1353 to 379.1421, the director must find that: (1) The proposed plan of operation provides a reasonable and expected successful operation; (2) The terms of the […]
Section 379.1370 – Corporate status of company.
Effective – 28 Aug 2007 379.1370. Corporate status of company. — A SPLRC may be established as either a stock corporation, a Missouri statutory close corporation, a limited liability company or other form of organization approved by the director. ——– (L. 2007 S.B. 215)
Section 379.1373 – Limitation on activities and name — number of incorporators required.
Effective – 28 Aug 2009, 2 histories 379.1373. Limitation on activities and name — number of incorporators required. — 1. Activities of a SPLRC must be limited to those necessary to accomplish its purpose as outlined in its plan of operation. 2. The name must not be deceptively similar to or likely to be confused […]