Effective – 28 Aug 1939 379.205. Mutual companies other than life and fire insurance. — A number of persons, not less than twenty-five, a majority of whom shall be bona fide residents of this state, by complying with the provisions of sections 379.205 to 379.310, may become together with others who may hereafter be associated […]
Effective – 28 Aug 1939 379.210. Articles of incorporation shall specify what. — Any persons proposing to form any such company shall subscribe and acknowledge articles of incorporation specifying: (1) The name, the purpose for which formed, and the location of its principal or home office, which shall be within this state; (2) The names […]
Effective – 28 Aug 1939 379.215. Name must contain the word “mutual”. — No name shall be adopted by such company which does not contain the word “mutual” or which is so similar to any name already in use by any such existing corporation, company or association, organized or doing business in the United States, […]
Effective – 28 Aug 1939 379.220. Submitted to director — proof of publication — certificate may be issued — amendment of articles. — 1. Such articles shall be submitted to the director of the department of commerce and insurance, herein called “director”. 2. Such publication shall be made as required by section 379.030, and upon […]
Effective – 28 Aug 1939 379.225. Company to have legal existence from date of certificate — insurance in force, when. — 1. The company shall have legal existence from and after date of such certificate. 2. The board of directors named in such articles may thereupon adopt bylaws, accept applications for insurance, and proceed to […]
Effective – 28 Aug 1939 379.230. Contracts of insurance and reinsurance. — Any company organized under the provisions of sections 379.205 to 379.310 is empowered and authorized to make contracts of insurance or to reinsure or accept reinsurance on any portion thereof, to the extent specified in its articles for the kinds of insurance following: […]
Effective – 28 Aug 1977 379.235. License required — conditions to be complied with. — 1. No such company shall issue policies or transact any business of insurance unless it holds a license from the director authorizing the transaction of such business. A license shall not be issued unless the company complies with the following […]
Effective – 28 Aug 1939 379.240. Who may hold policies. — 1. Any public or private corporation, board or association in this state or elsewhere may make applications, enter into agreements for and hold policies in any such mutual insurance company. 2. Any officer, stockholder, trustee or legal representative of any such corporation, board, association […]
Effective – 28 Aug 1939 379.245. Voting power of members. — Every member of the company shall be entitled to one vote, or to a number of votes based upon the insurance in force, the number of policies held, or the amount of premiums paid, as may be provided in the bylaws. ——– (RSMo 1939 […]
Effective – 28 Aug 1939 379.250. Premiums. — 1. The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance. 2. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash […]
Effective – 28 Aug 1939 379.255. Assets, how invested. — No such company shall invest any of its assets except in accordance with the laws of this state relating to the investment of the assets of domestic stock companies transacting the same kinds of insurance. ——– (RSMo 1939 § 5960) Prior revisions: 1929 § 5849; […]
Effective – 28 Aug 1967 379.257. Deposit of securities required of mutual companies other than life and fire. — Any company organized or doing business under sections 379.205 to 379.310 shall comply with the provisions of section 379.098. ——– (L. 1967 p. 516)
Effective – 28 Aug 1939 379.260. Reserves. — Such company shall maintain unearned premium and other reserves separately for each kind of insurance, upon the same basis as that required of domestic stock insurance companies transacting the same kind of insurance; provided, that any reserve for losses or claims based upon the premium income shall […]
Effective – 28 Aug 1967 379.263. Mutual companies other than life and fire to file statement of affairs, when. — Any company organized under the provisions of sections 379.205 to 379.310 shall on the first day of January of each year or within sixty days thereafter, file with the director of the department of commerce […]
Effective – 28 Aug 1939 379.265. Assessments to meet reserve deficiencies. — Such company not possessed of assets at least equal to the unearned premium reserve and other liabilities shall make an assessment upon its members liable to assessment to provide for such deficiency, such assessment to be against each such member in proportion to […]
Effective – 28 Aug 1939 379.270. Director may advance money. — 1. Any director, officer or member of any such company, or any other person, may advance to such company any sum or sums of money necessary for the purpose of its business or to enable it to comply with any of the requirements of […]
Effective – 28 Aug 1939 379.275. Policies need not be countersigned — conditions. — 1. Any law requiring that policies be countersigned and delivered through a resident agent shall not apply to any policy of such mutual company on which no commission shall be paid to any local agent. 2. Such mutual company may insert […]
Effective – 28 Aug 1945 379.290. Tax to be paid upon premiums. — Every mutual insurance company or association admitted to Missouri under the provisions of sections 379.205 to 379.310 shall annually pay to the director of revenue a tax upon the direct premiums received, whether in cash or in notes, in this state, for […]
Effective – 28 Aug 1945 379.295. Returns and assessment to be made by director — collection and disposition of tax by the director of revenue. — 1. Every such company or association shall, on or before the first day of March in each year, make a return, verified by the affidavit of its president and […]
Effective – 28 Aug 1945 379.300. Failure to make return — director to proceed. — If any company or association shall fail or refuse to make the return required by sections 379.205 to 379.310, the said director shall assess the tax against said company or association at the rate herein provided for on such amount […]
