reglab/housing_qa huggingface dataset:
MO Rev Stat § 380.571 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.571 - Violations, penalties.

Effective - 28 Aug 2007   380.571. Violations, penalties. — 1. If the director determines that any 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 380.201 to 380.611 or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 380.201 to 380.611 or a rule adopted or order issued pursuant thereto, the director may issue such administrative orders as authorized under section 374.046. A violation of any of these sections is a level two violation under section 374.049, except a violation of section 380.391 is a level four violation under section 374.049. The director may also suspend or revoke the certificate of authority of such person for any willful violation.  2. If the director believes 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 380.201 to 380.611 or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 380.201 to 380.611 or a rule adopted or order issued pursuant thereto, the director may maintain a civil action for relief authorized under section 374.048. A violation of any of these sections is a level two violation under section 374.049, except a violation of section 380.391 is a level four violation under section 374.049. ­­-------- (L. 1984 H.B. 1498, A.L. 2007 S.B. 66)
MO Rev Stat § 380.581 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.581 - Powers of company in general.

Effective - 01 Jan 1985   380.581. Powers of company in general. — Any company operating under the provisions of sections 380.201 to 380.591 shall have all the powers, rights, privileges and obligations of a corporation organized under the provisions of chapter 351 except insofar as such provisions are inconsistent with the provisions of sections 380.301 to 380.591. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.591 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.591 - Suits against company commenced when — limitation.

Effective - 01 Jan 1985   380.591. Suits against company commenced when — limitation. — 1. No suit or action for any loss under an assessable policy shall be commenced until such loss becomes due in accordance with the policy, and in no event until sixty days have elapsed after proof of loss has been given the company. No such suit or action shall be sustainable in any court unless all the requirements of the policy have been complied with, nor unless commenced within twelve months next after the loss. The limitations permitted under the provisions of this section shall be clearly and prominently declared on the face page of any assessable policy.  2. Any action based upon a policy issued on a nonassessable basis shall be subject to the statutes of limitations applicable to a similar cause of action. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.601 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.601 - Conversion to a mutual insurance company — procedure.

Effective - 01 Jan 1985   380.601. Conversion to a mutual insurance company — procedure. — Any Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 or any company operating under the provisions of sections 380.201 to 380.591 may convert to a mutual insurance company in the manner provided in sections 379.585 to 379.625; but, for purposes of conversion under the provisions of this section, the assent otherwise required by the provisions of section 379.605 for such conversion need not exceed seventy-five percent of the members voting thereon, both in person and by proxy, at a meeting called for that purpose. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.611 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.611 - Sale of corporate charter, penalty — exclusive right to control a company, approval by director, requirements.

Effective - 01 Jan 1985   380.611. Sale of corporate charter, penalty — exclusive right to control a company, approval by director, requirements. — 1. It is unlawful for any person to sell the corporate charter of a Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 or operating under the provisions of sections 380.201 to 380.591. Any violation of this provision is a class A misdemeanor.  2. An agreement of contract under which any person, organization or corporation is granted the exclusive or dominant right to manage or control a Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151, or operating under the provisions of sections 380.201 to 380.591, shall be filed with and approved by the director of the department of commerce and insurance. The director of the department of commerce and insurance shall approve such agreements or contracts only if they are not detrimental to the policyholders of the company or the public. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.651 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.651 - Provisions inapplicable to mutual companies.

Effective - 28 Aug 1993   380.651. Provisions inapplicable to mutual companies. — Nothing contained in this section and sections 375.1250 to 375.1275, sections 375.1280 to 375.1295, sections 376.1000 to 376.1045, and sections 376.1075 to 376.1095 shall apply to an insurance company formed and existing under the provisions of this chapter, dealing with county, town and farmers' mutual property insurance companies. ­­-------- (L. 1993 H.B. 709 & 21)
MO Rev Stat § 381.011 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.011 - Citation of law — purpose statement.

Effective - 01 Jan 2008, 2 histories   381.011. Citation of law — purpose statement. — 1. Sections 381.011 to 381.412 shall be known and may be cited as the "Missouri Title Insurance Act".  2. The purpose of sections 381.011 to 381.405 is to provide the state of Missouri with a comprehensive body of law for the effective regulation and supervision of title insurance business transacted within this state in response to the McCarran-Ferguson Act, Sections 1011-1015, Title 15, United States Code.  3. Except as otherwise expressly provided in this chapter and except where the context otherwise requires, all provisions of the laws of this state relating to insurance and insurance companies generally shall apply to title insurance, title insurers, and title agents. ­­-------- (L. 1987 S.B. 251 § 1, Repealed L. 2000 S.B. 894 § D, L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.015 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.015 - Title insurance commitment, required statement, when — lender's insurance policy without owner's title insurance, notice given when, contents, retention — penalty for violation.

Effective - 01 Jan 2008   381.015. Title insurance commitment, required statement, when — lender's insurance policy without owner's title insurance, notice given when, contents, retention — penalty for violation. — 1. As used in sections 381.011 to 381.412, the term "title insurance commitment" or "commitment" means a preliminary report, commitment, or binder issued prior to the issuance of a title insurance policy containing the terms, conditions, exceptions, and other matters incorporated by reference under which the title insurer is willing to issue its title insurance policy. A title insurance commitment is not an abstract of title.  2. A title insurer, title agency, or title agent issuing a lender's title insurance policy in conjunction with a mortgage loan made simultaneously with the purchase of all or part of the real estate securing the loan, where no owner's title insurance policy has been requested, shall give written notice, on a form prescribed or approved by the director, to the purchaser-mortgagor at the time the commitment is prepared. The notice shall explain that a lender's title insurance policy is to be issued protecting the mortgage-lender, and that the policy does not provide title insurance protection to the purchaser-mortgagor as the owner of the property being purchased. The notice shall explain that the purchaser-mortgagor may obtain an owner's title insurance policy protecting the property owner, within sixty days of closing and at a specified cost or approximate cost, if the proposed coverages are or amount of insurance is not then known. A copy of the notice, signed by the purchaser-mortgagor, shall be retained in the relevant underwriting file at least fifteen years after the effective date of the policy.  3. A violation of any provision under this section is a level one violation under section 374.049. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.018 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.018 - Written contract with title insurer required for commitment or policy issuance, statement of financial condition when, contents, review and notification requirements, inventory, proof of licensure, penalty for violation.

Effective - 01 Jan 2008   381.018. Written contract with title insurer required for commitment or policy issuance, statement of financial condition when, contents, review and notification requirements, inventory, proof of licensure, penalty for violation. — 1. The title insurer shall not allow the issuance of its commitments or policies by a title agency or title agent not affiliated with a title agency unless there is in force a written contract between the parties.  2. The title insurer shall maintain an inventory of all policy numbers allocated to each title agency or title agent not affiliated with a title agency.  3. The title insurer shall have on file proof that the title agency or title agent is licensed by this state at the time a written contract is entered into or before it becomes effective.  4. The title insurer shall establish the underwriting guidelines and, where applicable, limitations on title claims settlement authority to be incorporated into contracts with its title agencies and title agents not affiliated with a title agency.  5. If a title insurer terminates its contract with a title agency licensed under this chapter, the insurer shall, within seven days of the termination, notify the director of the reasons for termination, including any information that is required to be reported under subsection 5 of section 375.022.  6. A violation of any provision under this section is a level two violation under section 374.049. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.019 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.019 - Required disclosures.

Effective - 01 Jan 2008   381.019. Required disclosures. — 1. A title insurer, title agency or title agent participating in a settlement or closing of a residential real estate transaction shall provide clear, conspicuous, and distinct disclosure of premiums and charges. The director shall adopt rules not in conflict with provisions of the federal Real Estate Settlement Procedures Act, as amended, under section 381.042 to implement disclosure of the following:  (1) Premium;  (2) Abstract or title search and examination fee and any other associated charges or fees; and  (3) Settlement, escrow, or closing fees.  2. A violation of any provision under this section is a level two violation under section 374.049. ­­-------- (L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.024 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.024 - Denial of access and failure to cooperate prohibited, penalty.

Effective - 01 Jan 2008   381.024. Denial of access and failure to cooperate prohibited, penalty. — 1. It is unlawful for any title agency or title agent not affiliated with an agency to unreasonably deny access or fail to cooperate with its underwriters in the title insurers' reviews of the agency's or agent's escrow, settlement, closing and security deposit accounts.  2. It is unlawful for any title agency or title agent not affiliated with an agency, appointed by two or more title insurers, to deny any of the title insurers access to the fiduciary trust accounts in connection with providing escrow or closing settlement services, and any or all of the supporting account information in order to ascertain the safety and security of the funds held by the title agency or title agent.  3. A violation of any provision under this section is a level two violation under section 374.049. ­­-------- (L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.025 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.025 - Consideration for referrals, when, penalty.

Effective - 01 Jan 2008   381.025. Consideration for referrals, when, penalty. — 1. As used in this section, the term "county" or "counties" includes any city not within a county.  2. Nothing in sections 381.011 to 381.412 shall be construed as prohibiting the division of premiums and charges between or among a title insurer and its title agent or agency, two or more title insurers, one or more title insurers and one or more title agents or agencies, or two or more title agents or agencies, provided such division of premiums and charges does not constitute a violation of the Real Estate Settlement Procedures Act, 12 U.S.C. Section 2601, et seq., as amended.  3. A violation of any provision under section 381.141* is a level three violation under section 374.049.  4. If the director fails to initiate a proceeding to enforce section 381.141* within forty-five days following receipt of written notice of such violation, any title insurer, title agency, or title agent doing business in the same county may maintain an action for injunctive relief against a title insurer, title agency, or title agent violating any provision of this section. In any action under this subsection, the court may award to the successful party the court costs of the action together with reasonable attorney fees. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08  *Section 381.141 was repealed by S.B. 894, 2000. S.B. 894 was declared unconstitutional as a violation of the clear title requirement of Art. III, Sec. 23.
MO Rev Stat § 381.026 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.026 - Recording of deeds and security instruments.

Effective - 01 Jan 2008   381.026. Recording of deeds and security instruments. — 1. The settlement agent shall present for recording all deeds and security instruments for real estate closings handled by it within five business days after completion of all conditions precedent thereto unless otherwise instructed by all of the parties to the transaction.  2. Nothing in this chapter shall be deemed to prohibit the recording of documents prior to the time funds are available for disbursement with respect to a transaction in which a title insurer, title agency, or title agent not affiliated with a title agency is the settlement agent, provided all parties to whom payment will become due upon such recording consent thereto in writing. ­­-------- (L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.038 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.038 - Retention of records required, limitation, penalty for violation.

Effective - 01 Jan 2008   381.038. Retention of records required, limitation, penalty for violation. — 1. For the purposes of this section, the term "direct operations" means that portion of a title insurer's operations which are attributable to business written by a bona fide employee.  2. Records relating to escrow and security deposits shall be preserved and retained by a title insurer engaged in direct operations, title agency, and title agent for as long as appropriate to the circumstances but, in no event less than seven years after the escrow or security deposit account has been closed.  3. A title agent and a title agency shall remit premiums to the title insurer under the term of its agency contract, but in no event later than within sixty days of receiving an invoice from the title insurer. A title insurer, title agency, or title agent shall promptly issue each title insurance policy within forty-five days after compliance with the requirements of the commitment for insurance, unless special circumstances as defined by rule delay the issuance.  4. This section shall not apply to a title insurer acting as coinsurer if one of the other coinsurers has complied with this section, and shall not apply to a reinsurer.  5. A violation of any provision under this section is a level two violation under section 374.049. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.042 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.042 - Rules, authority, procedure.

Effective - 01 Jan 2008   381.042. Rules, authority, procedure. — 1. The director under the authority in section 374.045 may issue rules, regulations, and orders necessary to carry out the provisions of this chapter.  2. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after January 1, 2008, shall be invalid and void. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.045 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.045 - Violations, penalties.

Effective - 01 Jan 2008   381.045. Violations, penalties. — 1. If the director determines that a person has engaged, is engaging, or has taken a substantial step toward engaging in an act, practice, omission or course of business constituting a violation in this chapter or a rule adopted or order issued pursuant thereto, or a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation in this chapter or a rule adopted or order issued pursuant thereto, the director may issue such administrative orders as authorized under section 374.046. The director may also suspend or revoke the license of a producer under section 375.141 or the certificate of authority of any title insurer as authorized under section 374.047 for any such willful violation.  2. If the director believes that a person has engaged, is engaging, or has taken a substantial step toward engaging in an act, practice, omission or course of business constituting a violation in this chapter or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation in this chapter or a rule adopted or order issued pursuant thereto, the director may maintain a civil action for relief authorized under section 374.048.  3. Nothing contained in this section shall affect the right of the director to impose any other penalties provided for in the laws relating to the business of insurance.  4. Nothing contained in this chapter is intended to or shall in any other manner limit or restrict the rights of policyholders, claimants, and creditors. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.048 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.048 - Court actions authorized, when.

Effective - 01 Jan 2008   381.048. Court actions authorized, when. — 1. The director may bring an action against any title insurer, title agency, title agent, or any director, officer, agent, employee, trustee, or affiliate of a title insurer, title agency, or title agent in a court of competent jurisdiction to enjoin violations of the Real Estate Settlement Procedures Act, 12 U.S.C. Section 2607, as amended.  2. A violation of any provision under the federal Real Estate Settlement Procedures Act, as amended, is a level two violation under section 374.049. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.052 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.052 - Persons authorized to conduct title insurance business.

Effective - 01 Jan 2008   381.052. Persons authorized to conduct title insurance business. — No person other than a domestic, foreign, or non-United States title insurer organized on the stock plan and duly licensed by the director shall transact title insurance business as an insurer in this state. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.055 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.055 - Powers of title insurer.

Effective - 01 Jan 2008   381.055. Powers of title insurer. — Subject to the exceptions and restrictions contained in this chapter, a title insurer shall have the power to:  (1) Do only title insurance business; and  (2) Reinsure title insurance policies. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08