Section 379.1353 – Definitions.
Effective – 28 Aug 2007 379.1353. Definitions. — As used in sections 379.1353 to 379.1421, the following terms shall mean: (1) “Affiliate”, a company that controls, is controlled by or under common control with the special purpose life reinsurance captive “SPLRC” as defined in this section; (2) “Affiliated agreements”, written agreements, including an SPLRC contract, […]
Section 379.1356 – Inapplicability of insurance laws.
Effective – 28 Aug 2007 379.1356. Inapplicability of insurance laws. — No provision of the Missouri insurance laws, other than those specifically referenced in sections 379.1353 to 379.1421 apply to a SPLRC, its operations, assets, investments and SPLRC contracts. In the event of a conflict between a provision of the Missouri insurance laws and sections […]
Section 379.1359 – License application — requirements for transaction of business — licensure requirements — issuance of license, fee.
Effective – 28 Aug 2007 379.1359. License application — requirements for transaction of business — licensure requirements — issuance of license, fee. — 1. A SPLRC, when permitted by its organizational documents, may apply to the director for a license to conduct reinsurance in this state as authorized by sections 379.1353 to 379.1421. 2. A […]
Section 379.1361 – Plan of operation to be filed, contents.
Effective – 28 Aug 2007 379.1361. Plan of operation to be filed, contents. — A SPLRC must file, as part of its application, a plan of operation to consist of a description of the contemplated financing transaction or transactions and a detailed description of transaction documents to which the SPLRC will be a party, including, […]