Section 384.071 – Violations, penalties.
Effective – 28 Aug 2007 384.071. Violations, penalties. — 1. If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice or course of business constituting a violation of sections 384.011 to 384.071 or a rule adopted or order issued pursuant thereto, […]
Section 384.057 – Licensee to file annual statement, contents — report to director, contents.
Effective – 07 Jul 2011, 2 histories 384.057. Licensee to file annual statement, contents — report to director, contents. — 1. Before March second of each year, each surplus lines broker shall report under oath to the director on forms prescribed by him or her a statement showing, with respect to the year ending the […]
Section 384.059 – Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured.
Effective – 28 Aug 1989 384.059. Premium tax applicable to surplus lines, rate, payment — broker may charge tax to insured. — 1. There is hereby imposed on surplus brokers for the privilege of doing the business of a surplus lines broker in this state a tax of five percent of the net premium received […]
Section 384.061 – Premium tax to be levied only on entire gross premium for nonadmitted or surplus lines insurance policies.
Effective – 07 Jul 2011 384.061. Premium tax to be levied only on entire gross premium for nonadmitted or surplus lines insurance policies. — 1. Notwithstanding any other provision of this chapter or regulation implementing a provision of this chapter, the five percent tax on net premiums imposed by sections 384.051 and 384.059 shall be […]
Section 384.062 – Premium taxes collected by licensee but unpaid to department, actions authorized — taxes payable to department.
Effective – 28 Aug 2009 384.062. Premium taxes collected by licensee but unpaid to department, actions authorized — taxes payable to department. — 1. If any tax, penalty, or interest payable by a surplus lines licensee under the provisions of sections 384.011 to 384.071 is not paid within the time prescribed, the same shall be […]
Section 384.065 – Revocation, suspension or refusal to renew license of licensee, grounds — notice — hearing.
Effective – 28 Aug 2004 384.065. Revocation, suspension or refusal to renew license of licensee, grounds — notice — hearing. — The director may suspend, revoke, or refuse to renew the license of a surplus lines licensee after notice and hearing as provided under the applicable provisions of this state’s laws upon any one or […]
Section 384.068 – Cause of action on contracts of insurance may be brought against insurer — policy to contain appropriate language — insurer deemed to have subjected himself to this section — service of process.
Effective – 01 Jul 1987 384.068. Cause of action on contracts of insurance may be brought against insurer — policy to contain appropriate language — insurer deemed to have subjected himself to this section — service of process. — 1. A surplus lines insurer may be sued upon any cause of action arising in this […]
Section 384.025 – Ineligibility of nonadmitted insurer, grounds, when — notice to licensees.
Effective – 28 Aug 2009 384.025. Ineligibility of nonadmitted insurer, grounds, when — notice to licensees. — 1. If at any time the director has reason to believe that an eligible surplus lines insurer: (1) Is in unsound financial condition; (2) Is no longer eligible under section 384.021; (3) Has willfully violated the laws of […]
Section 384.034 – Advisory organization may be formed, purposes — information to be filed — examination when, costs — hearing on report, when — violations, penalty.
Effective – 01 Jul 1987 384.034. Advisory organization may be formed, purposes — information to be filed — examination when, costs — hearing on report, when — violations, penalty. — 1. An advisory surplus lines organization of surplus lines licensees may be formed to: (1) Facilitate and encourage compliance by its members with the laws […]
Section 384.036 – Policy or certificate to be delivered to insured or broker — policies to indicate current status and any changes — violation, penalties.
Effective – 28 Aug 1989 384.036. Policy or certificate to be delivered to insured or broker — policies to indicate current status and any changes — violation, penalties. — 1. Upon placing surplus lines insurance, the surplus lines licensee shall promptly deliver to the insured or the producing broker the policy, or if such policy […]