reglab/housing_qa huggingface dataset:
MO Rev Stat § 375.1219 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1219 - Claims allocated to separate account not chargeable with liabilities, when — treated as class 2 claim, when.

Effective - 28 Aug 1993   375.1219. Claims allocated to separate account not chargeable with liabilities, when — treated as class 2 claim, when. — All claims under policies, contracts or agreements for which assets have been allocated to a separate account established pursuant to section 376.309 and which provide, in effect, that the assets allocated to the separate account shall not be chargeable with liabilities arising out of any other business of the insurer, shall be satisfied out of the assets allocated to the separate account equal to the reserves maintained in such account for such policy, contract or agreement and to the extent, if any, not fully discharged thereby, shall be treated as class 2 claims against the estate of the insurer pursuant to the provisions of section 375.1218. ­­-------- (L. 1993 H.B. 709)
MO Rev Stat § 375.1222 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1222 - Payment of claims — duties of liquidator.

Effective - 28 Aug 1992   375.1222. Payment of claims — duties of liquidator. — Under the direction of the court, the liquidator shall pay distributions in a manner that will assure the proper recognition of the priorities and a reasonable balance between the expeditious completion of the liquidation and the protection of unliquidated and undetermined claims, including third party claims. Distribution of assets in kind may be made at valuations set by agreement between the liquidator and the creditor and shall be approved by the court. This section shall be applicable to proceedings instituted before and after August 28, 1991. ­­-------- (L. 1991 H.B. 385, et al. § 93, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1224 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1224 - Unclaimed funds, deemed unclaimed property — effect.

Effective - 28 Aug 1992   375.1224. Unclaimed funds, deemed unclaimed property — effect. — 1. All unclaimed funds subject to distribution remaining in the liquidator's hands when he is ready to apply to the court for discharge, including the amount distributable to any creditor, shareholder, member or other person who is unknown or cannot be found, shall be deposited with the director of the department of economic development to be held and disposed of as provided by laws for unclaimed property.  2. All funds withheld under section 375.1212 which are not distributed shall upon discharge of the liquidator be deposited with the director of the department of economic development as provided by laws for unclaimed property and distributed by him in accordance with section 375.1218. Any sums remaining which under section 375.1218 would revert to the undistributed assets of the insurer shall be converted to cash and paid to the state treasurer for deposit to the general revenue fund of the state.  3. This section shall be applicable to proceedings instituted before and after August 28, 1991. ­­-------- (L. 1991 H.B. 385, et al. § 94, A.L. 1992 H.B. 1574)  CROSS REFERENCE:  Dissolution of business, unclaimed intangible personal property presumed abandoned, when, 447.527
MO Rev Stat § 375.1225 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1225 - Discharge of liquidator, when.

Effective - 28 Aug 1992   375.1225. Discharge of liquidator, when. — When all assets justifying the expense of collection and distribution have been collected and distributed under sections 375.1150 to 375.1246, the liquidator shall apply to the court for discharge. The court may grant the discharge and make any other orders, including an order to transfer any remaining funds that are uneconomical to distribute pursuant to section 375.1224, as may be deemed appropriate. This section shall be applicable to proceedings instituted before and after August 28, 1991. ­­-------- (L. 1991 H.B. 385, et al. § 95, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1226 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1226 - Reopening of proceedings, when.

Effective - 28 Aug 1992   375.1226. Reopening of proceedings, when. — After the liquidation proceeding has been terminated and the liquidator discharged, the director or other interested party may at any time petition the court to reopen the proceedings for good cause, including the discovery of additional assets. If the court is satisfied that there is justification for reopening, it shall so order. The provisions of this section shall apply to delinquency proceedings instituted before and after August 28, 1991. ­­-------- (L. 1991 H.B. 385, et al. § 96, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1228 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1228 - Records may be destroyed after discharge, exceptions.

Effective - 28 Aug 1991   375.1228. Records may be destroyed after discharge, exceptions. — 1. Whenever it shall appear to the director that the records of any insurer after discharge of the liquidator are no longer useful, he may, after complying with sections 109.200 to 109.310, recommend to the court and the court shall direct what records should be retained for future reference and what should be destroyed, provided that the following records shall be retained for five years after the date of discharge:  (1) Financial records regarding administration of the estate;  (2) Records of claims and allowances or disallowances thereof.  2. Notwithstanding the provisions of section 375.1158, the provisions of this section shall apply to delinquency proceedings commenced before and after August 28, 1991. ­­-------- (L. 1991 H.B. 385, et al. § 97)
MO Rev Stat § 375.1230 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1230 - Audit of receivership may be ordered, when.

Effective - 28 Aug 1991   375.1230. Audit of receivership may be ordered, when. — The court may, as it deems desirable, cause audits to be made of the books of the receiver relating to any receivership established under sections 375.1150 to 375.1246, and a report of each audit shall be filed with the receiver and with the court. The books, records and other documents of the receivership shall be made available to the auditor at any time without notice. The expenses of each audit shall be considered a cost of administration of the receivership. ­­-------- (L. 1991 H.B. 385, et al. § 98)
MO Rev Stat § 375.1232 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1232 - Foreign insurers, director may petition to act as conservator, procedures — court may issue order — termination of conservatorship, application for.

Effective - 28 Aug 1991   375.1232. Foreign insurers, director may petition to act as conservator, procedures — court may issue order — termination of conservatorship, application for. — 1. If a domiciliary liquidator has not been appointed, the director may apply to the circuit court of Cole County by verified petition for an order directing him to act as conservator to conserve the property of an alien insurer not domiciled in this state or a foreign insurer on any one or more of the following grounds:  (1) Any of the grounds in section 375.1165;  (2) That any of its property has been sequestered by official action in its domiciliary state, or in any other state;  (3) That enough of its property has been sequestered in a foreign country to give reasonable cause to fear that the insurer is or may become insolvent;  (4) (a) That its certificate of authority to do business in this state has been revoked or that none was ever issued; and  (b) That there are residents of this state with outstanding claims or outstanding policies.  2. When an order is sought under subsection 1 of this section, the court shall cause the insurer to be given such notice and time to respond thereto as is reasonable under the circumstances.  3. The court may issue the order in whatever terms it shall deem appropriate. The filing or recording of the order with the clerk of the court or the recorder of deeds of the county in which the principal business of the company is located, shall impart the same notice as a deed, bill of sale or other evidence of title duly filed or recorded with that recorder of deeds would have imparted.  4. The conservator may at any time petition for and the court may grant an order under section 375.1234 to liquidate assets of a foreign or alien insurer under conservation, or, if appropriate, for an order under section 375.1236, to be appointed ancillary receiver.  5. The conservator may at any time petition the court for an order terminating conservation of an insurer. If the court finds that the conservation is no longer necessary, it shall order that the insurer be restored to possession of its property and the control of its business. The court may also make such finding and issue such order at any time upon motion of any interested party, but if such motion is denied all costs shall be assessed against such party. ­­-------- (L. 1991 H.B. 385, et al. § 99)
MO Rev Stat § 375.1234 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1234 - Foreign insurers, petition to liquidate assets, grounds — granted when — effects.

Effective - 28 Aug 1991   375.1234. Foreign insurers, petition to liquidate assets, grounds — granted when — effects. — 1. If no domiciliary receiver has been appointed, the director may apply to the circuit court of Cole County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer not domiciled in this state, on any of the following grounds:  (1) Any of the grounds in section 375.1165 or 375.1175; or  (2) Any of the grounds specified in subdivisions (2), (3) and (4) of subsection 1 of section 375.1232.  2. When an order is sought under subsection 1 of this section, the court shall cause the insurer to be given such notice and time to respond thereto as is reasonable under the circumstances.  3. If it shall appear to the court that the best interests of creditors, policyholders and the public require, the court may issue an order to liquidate in whatever terms it shall deem appropriate. The filing or recording of the order with the clerk of the court or the recorder of deeds of the county in which the principal business of the company is located or the county in which its principal office or place of business is located, shall impart the same notice as a deed, bill of sale or other evidence of title duly filed or recorded with that recorder of deeds would have imparted.  4. If a domiciliary liquidator is appointed in a reciprocal state while a liquidation is proceeding under this section, the liquidator under this section shall thereafter act as ancillary receiver under section 375.1236. If a domiciliary liquidator is appointed in a nonreciprocal state while a liquidation is proceeding under this section, the liquidator under this section may petition the court for permission to act as ancillary receiver under section 375.1236.  5. On the same grounds as are specified in subsection 1 of this section, the director may petition any appropriate federal district court to be appointed receiver to liquidate that portion of the insurer's assets and business over which the court will exercise jurisdiction, or any lesser part thereof that the director deems desirable for the protection of the policyholders and creditors in this state.  6. The court may order the director, when he has liquidated the assets of a foreign or alien insurer pursuant to this section, to pay claims of residents of this state against the insurer under such rules as to the liquidation of insurers under sections 375.1150 to 375.1246, sections 374.216 and 374.217, and section 382.302 as are otherwise compatible with the provisions of this section. ­­-------- (L. 1991 H.B. 385, et al. § 100)
MO Rev Stat § 375.1235 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1235 - Reciprocal state, powers and duties of domiciliary liquidator — nonreciprocal state, duties of director — claims filed, where.

Effective - 28 Aug 1991   375.1235. Reciprocal state, powers and duties of domiciliary liquidator — nonreciprocal state, duties of director — claims filed, where. — 1. The domiciliary liquidator of an insurer domiciled in a reciprocal state shall, except as to the special deposits and security on secured claims under subsection 3 of section 375.1236, be vested by operation of law with the title to all of the assets, property, contracts and rights of action, agents' balances, and all of the books, accounts and other records of the insurer located in this state. The date of vesting shall be the date of the filing of the petition, if that date is specified by the domiciliary law for the vesting of property in the domiciliary state. Otherwise, the date of vesting shall be the date of entry of the order directing possession to be taken. The domiciliary liquidator shall have the immediate right to recover balances due from agents and to obtain possession of the books, accounts and other records of the insurer located in this state. He also shall have the right to recover all other assets of the insurer located in this state, subject to section 375.1236.  2. If a domiciliary liquidator is appointed for an insurer not domiciled in a reciprocal state, the director shall be vested by operation of law with the title to all of the property, contracts and right of action, and all of the books, accounts and other records of the insurer located in this state, at the same time that the domiciliary liquidator is vested with title in the domicile. The director may petition for a conservation or liquidation order under section 375.1232 or 375.1234, or for an ancillary receivership under section 375.1236, or after approval by the court may transfer title to the domiciliary liquidator, as the interests of justice and the equitable distribution of the assets require.  3. Claimants residing in this state may file claims with the liquidator or ancillary receiver, if any, in this state or with the domiciliary liquidator, if the domiciliary law permits. The claims must be filed on or before the last date fixed for the filing of claims in the domiciliary liquidation proceedings. ­­-------- (L. 1991 H.B. 385, et al. § 101)
MO Rev Stat § 375.1238 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1238 - Power of director to institute proceedings, when.

Effective - 28 Aug 1992   375.1238. Power of director to institute proceedings, when. — The director in his sole discretion may institute proceedings under sections 375.1160 to 375.1164 at the request of the director of the state department of commerce and insurance, or other appropriate insurance official of the domiciliary state of any foreign or alien insurer having property located in this state. ­­-------- (L. 1991 H.B. 385, et al. § 103, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1242 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1242 - Proof of claims, nonresident insurer — procedures.

Effective - 28 Aug 1991   375.1242. Proof of claims, nonresident insurer — procedures. — 1. In a liquidation proceeding in a reciprocal state against an insurer domiciled in that state, claimants against the insurer who reside within this state may file claims either with the ancillary receiver, if any, in this state, or with the domiciliary liquidator. Claims must be filed on or before the last dates fixed for the filing of claims in the domiciliary liquidation proceeding.  2. Claims belonging to claimants residing in this state may be proved either in the domiciliary state under the law of that state, or in ancillary proceedings, if any, in this state. If a claimant elects to prove his claim in this state, he shall file his claim with the liquidator in the manner provided in sections 375.1206 and 375.1208. The ancillary receiver shall make his recommendation to the court as provided by section 375.1220. He shall also arrange a date for hearing if necessary under section 375.1214 and shall give notice to the liquidator in the domiciliary state, either by certified mail or by personal service at least forty days prior to the date set for hearing. If the domiciliary liquidator, within thirty days after the giving of such notice, gives notice in writing to the ancillary receiver and to the claimant, either by certified mail or by personal service, of his intention to contest the claim, he shall be entitled to appear or to be represented in any proceeding in this state involving the adjudication of the claim.  3. The final allowance of the claim by the courts of this state shall be accepted as conclusive as to amount and as to priority against special deposits or other security located in this state. ­­-------- (L. 1991 H.B. 385, et al. § 105)
MO Rev Stat § 375.1244 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1244 - Stay of actions during liquidation proceedings.

Effective - 28 Aug 1991   375.1244. Stay of actions during liquidation proceedings. — During the pendency in this or any other state of a liquidation proceeding, whether called by that name or not, no action or proceeding in the nature of an attachment, garnishment or levy of execution shall be commenced or maintained in this state against the delinquent insurer or its assets. ­­-------- (L. 1991 H.B. 385, et al. § 106)
MO Rev Stat § 375.1245 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1245 - Priority of nonresident claims, reciprocal states — special deposits, priority.

Effective - 28 Aug 1991   375.1245. Priority of nonresident claims, reciprocal states — special deposits, priority. — 1. In a liquidation proceeding in this state involving one or more reciprocal states, the order of distribution of the domiciliary state shall control as to all claims of residents of this and reciprocal states. All claims of residents of reciprocal states shall be given equal priority of payment from general assets regardless of where such assets are located.  2. The owners of special deposit claims against an insurer for which a liquidator is appointed in this or any other state shall be given priority against the special deposits in accordance with statutes governing the creation and maintenance of the deposits. If there is a deficiency in any deposit, so that the claims secured by it are not fully discharged from it, the claimants may share in the general assets, but the sharing shall be deferred until general creditors, and also claimants against other special deposits who have received smaller percentages from their respective special deposits, have been paid percentages of their claims equal to the percentage paid from the special deposit.  3. The owner of a secured claim against an insurer for which a liquidator has been appointed in this or any other state may surrender his security and file his claim as a general creditor, or the claim may be discharged by resort to the security in accordance with section 375.1218, in which case the deficiency, if any, shall be treated as a claim against the general assets of the insurer on the same basis as claims of unsecured creditors. ­­-------- (L. 1991 H.B. 385, et al. § 107)
MO Rev Stat § 375.1246 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1246 - Nonresident ancillary receiver, claims filed with — priority.

Effective - 28 Aug 1991   375.1246. Nonresident ancillary receiver, claims filed with — priority. — If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his control other than special deposits, diminished only by the allocated loss adjustment expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be considered a class 7 claim as provided by section 375.1218. ­­-------- (L. 1991 H.B. 385, et al. § 108)
MO Rev Stat § 375.1262 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1262 - Mandatory control level event, occurrence of, when — effect, duties of director.

Effective - 28 Aug 2014   375.1262. Mandatory control level event, occurrence of, when — effect, duties of director. — 1. "Mandatory control level event" means, with respect to any insurer or health organization, any of the following events:  (1) The filing of an RBC report which indicates that the insurer's or health organization's total adjusted capital is less than its mandatory control level RBC;  (2) Notification by the director to the insurer or health organization of an adjusted RBC report that indicates the event in subdivision (1) of this subsection if the insurer or health organization does not challenge the adjusted RBC report under section 375.1265; or  (3) If, pursuant to section 375.1265, the insurer or health organization challenges an adjusted RBC report that indicates the event in subdivision (1) of this subsection, notification by the director to the insurer or health organization that the director has, after a hearing, rejected the insurer's or health organization's challenge.  2. In the event of a mandatory control level event the director shall take such actions as are necessary to place the insurer or health organization under regulatory control under sections 375.1150 to 375.1246, or, in the case of a property and casualty insurer which is writing no business, may allow the insurer to continue its existing policies until expiration of the policy term and settlement of all outstanding claims under the supervision of the director. In either event, the mandatory control level event shall be deemed sufficient grounds for the director to take action pursuant to sections 375.1150 to 375.1246, and the director shall have the rights, powers and duties with respect to the insurer or health organization as are set forth in sections 375.1150 to 375.1246. In the event the director takes actions pursuant to an adjusted RBC report, the insurer or health organization shall be entitled to such protections as are afforded to insurers or health organizations pursuant to the provisions of sections 375.570 to 375.640, if the adjusted RBC report shall be deemed a report of examination. Notwithstanding any other provision of this subsection to the contrary, the director may forego action for up to ninety days after the mandatory control level event if the director finds there is a reasonable expectation that the mandatory control level event be eliminated within the ninety-day period. ­­-------- (L. 1993 H.B. 709 § 6, A.L. 1996 S.B. 759, A.L. 2014 H.B. 1968)