Effective – 28 Aug 1939 377.010. Assessment plan insurance defined. — Every contract whereby a benefit is to accrue to a person or persons named therein, upon the death or physical disability of a person also named therein, the payment of which said benefit is in any manner or degree dependent upon the collection of […]
Effective – 28 Aug 1953 377.020. Incorporation of companies, procedure. — 1. Any number of persons, not less than seven, being citizens of the state of Missouri, may upon application to the circuit court of the county or city in which it is proposed to locate the chief offices or place of business, become a […]
Effective – 28 Aug 1939 377.030. Release of beneficiary fund — replacement — exemptions. — 1. On written application by the board of directors, the director of the department of commerce and insurance shall release to said company from the beneficiary fund the amount herein stated for the purpose of paying policy beneficiaries as provided […]
Effective – 28 Aug 1939 377.040. Qualifications to do business. — 1. Any association, society or company duly incorporated under the laws of this state, having a bona fide membership of not less than five hundred persons in good standing, and who hold policies or certificates of insurance therein in the aggregate of not less […]
Effective – 28 Aug 1939 377.050. Emergency fund — accumulation — purpose — replacement. — 1. Corporations organized or doing the business of life insurance under sections 377.010 to 377.190 shall provide for the accumulation of an emergency fund, which shall be not less than the proceeds of one death assessment on all policy or […]
Effective – 28 Aug 1939 377.060. Policy to specify amount to be paid, when payable. — Every policy or certificate hereafter issued by any corporation of this state doing business in conformity with the provisions of sections 377.010 to 377.190, and promising a payment to be made upon a contingency of death, sickness, disability or […]
Effective – 28 Aug 1939 377.070. Effect of refusal to pay — duty of director. — If the corporation refuses or fails to make such payment for thirty days after final judgment against said corporation, the failure to pay the amount of such final judgment within said period of thirty days shall ipso facto constitute […]
Effective – 28 Aug 1997 377.080. Limitations on the issuance of policies — charitable, benevolent, educational and religious organizations have insurable interest — fraud or coercion, exception. — 1. No corporation doing business pursuant to sections 377.010 to 377.190 shall issue a certificate or policy upon the life of any person who at nearest birthday […]
Effective – 28 Aug 1939 377.090. Proceeds not liable for debts. — The money or other benefit, charity, relief or aid to be paid, provided or rendered by any corporation authorized to do business under sections 377.010 to 377.190, shall not be liable to attachment or other process, and shall not be seized, taken, appropriated […]
Effective – 28 Aug 2007 377.100. Statement of affairs. — Every corporation doing business under sections 377.010 to 377.190 shall annually, on or before the first day of February, return to the director of the department of commerce and insurance, in such manner and form as he shall prescribe, a statement of its affairs for […]
Effective – 28 Aug 1939 377.120. Two-thirds majority to reinsure or transfer risks. — No corporation of this state, organized or doing business under the provisions of sections 377.010 to 377.190, shall transfer its risks to or reinsure them in any other corporation, unless the contract of transfer or reinsurance is first submitted to and […]
Effective – 28 Aug 1939 377.150. Retaliatory section. — When any other state or country shall impose any obligations upon such corporation, the like obligations shall be imposed and enforced by the department of commerce and insurance of this state upon similar corporations and their agents of such state or country doing business in this […]
Effective – 28 Aug 1967 377.160. Deposit for costs and expenses. — Before any foreign insurance company doing business under the assessment plan shall be authorized to do business in this state, it shall deposit, and always keep on deposit, with the director of the department of commerce and insurance of this state, the sum […]
Effective – 28 Aug 1939 377.170. Acceptance of regular life insurance law by assessment companies — past contracts not affected. — 1. Any domestic life or accident insurance corporation, company or association existing or doing business in this state under sections 377.010 to 377.190, providing for insurance on the assessment plan, may, by a majority […]
Effective – 28 Aug 1939 377.180. Not applicable to fraternal societies. — Nothing in sections 377.010 to 377.190 shall be so construed as to impair or in any manner to interfere with any of the rights or privileges of any corporation, association or organization doing a life or casualty insurance business in this state under […]
Effective – 28 Aug 1939 377.190. Penalty for false statement. — Any solicitor, agent or examining physician, who shall knowingly or willfully make any false or fraudulent statement or misrepresentation in or with reference to any application for insurance, or for the purpose of obtaining any money or benefit in any corporation doing business under […]
