reglab/housing_qa huggingface dataset:
MO Rev Stat § 375.326 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.326 - Automobiles as assets.

Effective - 28 Aug 1979   375.326. Automobiles as assets. — 1. Notwithstanding any prohibitions or restrictions contained in the statutes or otherwise, any stock, mutual, or reciprocal insurance company doing the business of property and casualty business in this state may acquire by purchase motor vehicles and thereafter may hold them as admitted assets for use in connection with the business of the company if:  (1) The aggregate cost of such motor vehicles shall be at least twenty-five thousand dollars. Such aggregate cost shall not exceed two percent of the admitted assets of the company, and such company shall have a minimum of three million dollars of surplus;  (2) The cost of each such motor vehicle shall be fully amortized over a period not to exceed five years;  (3) The company has obtained in its name proper title or registration from a governmental agency authorized by law or custom to issue such title or registration.  2. Nothing in this section shall be construed to allow insurers to declare motor vehicles to the extent such vehicles are used for personal use and not used in furtherance of activities not necessary to the business of the insurer.  3. No insurance company domiciled in another state which state refuses to allow insurance companies domiciled in this state to declare on any statement to be filed in that state motor vehicles under the provisions of this section shall be allowed to declare such amounts on statements filed in this state. ­­-------- (L. 1979 S.B. 227 §§ 1, 2, 3)
MO Rev Stat § 375.340 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.340 - Sale and exchange of real estate.

Effective - 28 Aug 2007   375.340. Sale and exchange of real estate. — 1. In all cases in which life insurance companies, benefit societies or other associations doing business in this state shall have legally acquired by foreclosure or in payment of a debt previously contracted any real estate or personal property situated in this state or elsewhere, said company, society or association may upon the sale of said property take in payment or part payment thereof the stocks or bonds of any company or corporation purchasing said property and may exchange any real estate acquired in foreclosure or in payment of debts, in whole or in part, for other real estate.  2. This section shall not apply to an insurer organized under chapter 376. ­­-------- (RSMo 1939 § 6030, A.L. 1945 p. 1011, A.L. 2007 S.B. 66)  Prior revision: 1929 § 5919
MO Rev Stat § 375.347 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.347 - Restriction on ownership of certain assets not exclusively controlled by an insurance company.

Effective - 28 Aug 2000   375.347. Restriction on ownership of certain assets not exclusively controlled by an insurance company. — Securities and other related assets not exclusively controlled by an insurance company shall only be held by banks, trust companies, or securities depositories that are members of or regulated by the Securities and Exchange Commission, the Federal Reserve System or the appropriate bank regulatory authority. ­­-------- (L. 2000 S.B. 896)
MO Rev Stat § 375.350 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.350 - Reacquisition and holding of own stock, when — approval of director, when — effect on assets and solvency.

Effective - 28 Aug 1984   375.350. Reacquisition and holding of own stock, when — approval of director, when — effect on assets and solvency. — 1. No insurance company shall, directly or indirectly, purchase or hold, either absolutely or as collateral, its own stock, after the same has been once issued, without prior approval of the director of the department of commerce and insurance. The written application shall specify the number of shares offered, their description, the price offered by the company, the book value of said shares and any other pertinent information regarding the value of said shares. A copy of said application shall be given to the seller prior to the filing of said written application with the director of the department of commerce and insurance. This section shall not prevent a company from buying its own stock, if the same shall be forfeited and sold to the company for nonpayment of assessments thereon, in which case it shall be treated and issued as part of the original stock. Any person willfully making a false statement or representation in the application mentioned above shall be deemed guilty of a felony and be imprisoned for a period of not less than two years nor more than five years.  2. Notwithstanding the limitations set out in subsection 1 of this section, an insurance company may purchase or otherwise acquire its own stock, after the same has once been issued, without prior approval of the director of the department of commerce and insurance provided that:  (1) The insurance company does not thereby reduce its capital and surplus below the minimums required by law for such company to continue to do business; and  (2) The insurance company, within ten days after the end of any three-month period in which it acquires more than five percent of any class of its outstanding shares, files a report with the director of the department of commerce and insurance showing:  (a) The date of such purchase;  (b) The class of stock purchased;  (c) The number of shares of each class so purchased;  (d) The aggregate price paid for such shares of each class so purchased; and  (e) The authorized capital, actual capital, and surplus of such company immediately prior to such purchase.  3. No shares which are or have been reacquired, purchased, pledged, or held by an insurance company pursuant to subsection 1 or 2 of this section shall be considered an admitted asset, nor shall be considered in determining the solvency of any insurance company. ­­-------- (RSMo 1939 § 6035, A.L. 1957 p. 223, A.L. 1984 S.B. 679)  Prior revisions: 1929 § 5924; 1919 § 6332; 1909 § 7063
MO Rev Stat § 375.360 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.360 - Note not considered payment — not to loan when insolvent.

Effective - 28 Aug 1939   375.360. Note not considered payment — not to loan when insolvent. — No note or obligation given by any stockholder, whether secured by deed of trust, mortgage or otherwise, shall be considered as payment of any part of the capital stock; and no loan of any money shall be made by any such company to any director, trustee, officer or agent thereof when such company is insolvent, and the failure to collect such loans before the company shall have been adjudged insolvent shall be prima facie evidence of its insolvency at the time such loan was made; and if any such loan shall be made, the persons making it, or who shall assent thereto, shall be jointly and severally liable to the company for the amount of such loan and the interest; provided, however, that this shall not apply to premium notes given by directors, trustees, officers or agents who are also policyholders in such company, when given in the usual course of business of such company in issuing policies. ­­-------- (RSMo 1939 § 6035)  Prior revisions: 1929 § 5924; 1919 § 6332; 1909 § 7063
MO Rev Stat § 375.370 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.370 - Collateral to be assigned to company.

Effective - 28 Aug 1939   375.370. Collateral to be assigned to company. — All stocks and other evidence of indebtedness, except such as are transferable by delivery, held by insurance companies doing business in this state, as collateral for moneys loaned or other obligations, shall be regularly assigned and transferred over to said companies by the corporations or individuals issuing the same, and shall be surrendered by such companies only when the obligations of the assignors shall have been permanently and satisfactorily fulfilled and discharged. ­­-------- (RSMo 1939 § 6035)  Prior revisions: 1929 § 5924; 1919 § 6332; 1909 § 7063
MO Rev Stat § 375.380 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.380 - Dividends shall not be paid, when — penalty — liability of stockholder.

Effective - 28 Aug 1939   375.380. Dividends shall not be paid, when — penalty — liability of stockholder. — 1. It shall not be lawful for the directors, trustees or managers of any insurance company to make any dividend, except from the surplus profits arising from their business, nor for any company to solicit or do new business, when its assets are less than three-fourths of its liabilities.  2. Any company violating the provisions aforesaid shall be subject to proceedings for dissolution.  3. Each stockholder in a stock company receiving any dividend made in violation of the above provision shall be liable to the creditors of such company to the extent of the dividend received, with compound interest on the same from the date of its receipt, as well as the costs of collecting the same, and the managers, trustees or directors assenting to the same, or any agent soliciting or doing new business, knowing or having reasonable cause to believe that such company is impaired as aforesaid, shall be deemed guilty of a violation of the provisions of this law, and shall be punished as by sections 375.010 to 375.920 provided. ­­-------- (RSMo 1939 § 6036)  Prior revisions: 1929 § 5925; 1919 § 6333; 1909 § 7064
MO Rev Stat § 375.390 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.390 - Officers not to use funds for private gain — penalty.

Effective - 28 Aug 1939   375.390. Officers not to use funds for private gain — penalty. — No officer, stockholder, agent or employee of any insurance company, formed under the laws of this state, or doing business herein, shall, directly or indirectly, use or employ, or permit others to use or employ, any of the money, funds or securities of such company for private profit or gain, and any such use shall be deemed a felony, punishable, upon conviction, by imprisonment in the penitentiary not less than two years nor more than five years for each offense. ­­-------- (RSMo 1939 § 6037)  Prior revisions: 1929 § 5926; 1919 § 6334; 1909 § 7065
MO Rev Stat § 375.400 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.400 - Investigation by director — duty of prosecuting attorney.

Effective - 28 Aug 1939   375.400. Investigation by director — duty of prosecuting attorney. — 1. The director of the department of commerce and insurance shall, as often as he may deem proper, make careful inquiry and investigation as to the manner in which the money, funds or securities of insurance companies, doing business in this state, are invested or employed, and record the result of such inquiry or investigation in records kept in his office for the inspection of policyholders and public officials.  2. In the event of a violation of this section or of section 375.390, the prosecuting attorney of the proper county, or in the City of St. Louis, the circuit attorney, shall proceed at once by information or indictment against the offenders. ­­-------- (RSMo 1939 § 6038)  Prior revisions: 1929 § 5927; 1919 § 6335; 1909 § 7066
MO Rev Stat § 375.410 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.410 - Penalty for violation.

Effective - 28 Aug 1939   375.410. Penalty for violation. — Any public official failing, neglecting or refusing to comply with any of the provisions of sections 375.390 and 375.400 shall be deemed guilty of a misdemeanor, and, upon conviction, shall be fined not less than five hundred dollars and forfeit his office. ­­-------- (RSMo 1939 § 6039)  Prior revisions: 1929 § 5928; 1919 § 6336; 1909 § 7067
MO Rev Stat § 375.421 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.421 - Prepayment for policy, return of, when — limitations — violation an unfair trade practice.

Effective - 28 Aug 1992   375.421. Prepayment for policy, return of, when — limitations — violation an unfair trade practice. — 1. For purposes of this section, the following words and phrases shall mean:  (1) "Insurer" shall include any insurance company, health services corporation or health maintenance organization, regulated pursuant to chapter 354 or chapters 375 to 385;  (2) "Policy" or "contract" shall include any insurance policy, subscriber contract or member contract, issued or delivered by any insurer, of any of the following types or description:  (a) Noncommercial fire;  (b) Homeowners';  (c) Noncommercial tenants';  (d) Noncommercial motor vehicle;  (e) Individual life;  (f) Individual health;  (g) Group health, other than employer-provided group health coverage.  2. No insurer which requires, as a condition of or part of any application for any policy or contract, the payment of any sum of money prior to issuance of the policy or contract shall retain such sum or any portion of such sum, except for dues for current membership, for a period in excess of sixty days after the date of such application unless the insurer:  (1) Issues and delivers to the applicant the policy or contract for which application is made on or prior to such sixtieth day; or  (2) Issues and delivers to the applicant a binder, conditional receipt or temporary insurance agreement providing the coverage for which the application was made, to extend from the date that such application was made to the date that such policy or contract is issued.  3. Any insurer required to refund any sum of money to an applicant for a policy or contract pursuant to this section shall do so by negotiable instrument payable on demand, delivered to the applicant on or before the sixtieth day after the date of application for such policy or contract.  4. The provisions of this section shall not bar an insurer which refunds any money pursuant to subsections 2 and 3 of this section from later making a decision relating to an application for a policy or contract, and issuing such policy or contract conditionally upon payment of any required premium, subscriber or member fee or dues, or payment of any other such sum of money.  5. The provisions of this section shall not be construed to affect the right of an insurer, as otherwise provided by law, from voiding any policy from its inception date if the insured made any misrepresentation on his application for such policy, or have any effect on policy cancellation laws.  6. Violation of the provisions of this section shall be an unfair trade practice as defined by sections 375.930 to 375.948, and shall be subject to all of the provisions and penalties provided by such sections. ­­-------- (L. 1992 H.B. 1574 § 25)
MO Rev Stat § 375.422 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.422 - Directors and officers of stock companies to report ownership.

Effective - 28 Aug 1965   375.422. Directors and officers of stock companies to report ownership. — Every person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of any insurance company organized under the laws of this state and having capital stock, or who is a director or an officer of such company, shall file in the office of the director of the department of commerce and insurance of the state of Missouri on or before January 1, 1966, or within ten days after he becomes such beneficial owner, director or officer, a statement in such form as the director may prescribe, of the amount of all equity securities of such company of which he is the beneficial owner, and within ten days after the close of each calendar month thereafter, if there has been a change in such ownership during such month, any such person shall file in the office of the director a statement, in such form as the director may prescribe, indicating his ownership at the close of each such calendar month and such changes in his ownership as have occurred during such calendar month. ­­-------- (L. 1965 p. 575 § 1)
MO Rev Stat § 375.423 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.423 - Company may recover profits realized by officer or director in certain transactions — exceptions.

Effective - 28 Aug 1965   375.423. Company may recover profits realized by officer or director in certain transactions — exceptions. — For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director or officer by reason of his relationship to such company, any profit realized by him from any purchase and sale, or any sale and purchase, of any equity security of such company within any period of less than six months, unless such security was acquired in good faith in connection with a debt previously contracted shall inure to and be recoverable by the company, irrespective of any intention on the part of such beneficial owner, director or officer in entering into such transaction of holding the security purchased or of not repurchasing the security sold for a period exceeding six months. Suit to recover such profit may be instituted in any court of competent jurisdiction by the company, or by the owner of any security of the company in the name and on behalf of the company if the company shall fail or refuse to bring such suit within sixty days after request or shall fail diligently to prosecute the suit thereafter; but no such suit shall be brought more than two years after the date the profit was realized. This section shall not be construed to cover any transaction where the beneficial owner of the equity security involved was not the owner both at the time of the purchase and sale, or the sale and purchase, or any transaction or transactions which the director by rules and regulations may exempt as not comprehended within the purpose of this section. ­­-------- (L. 1965 p. 575 § 2)
MO Rev Stat § 375.424 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.424 - Unlawful for officer or director to sell equity security not owned by him — delivery.

Effective - 28 Aug 1965   375.424. Unlawful for officer or director to sell equity security not owned by him — delivery. — It shall be unlawful for any beneficial owner, director or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or his principal does not own the security sold, or if owning the security, does not deliver it against such sale within twenty days thereafter, or does not within five days after such sale deposit it in the mails or other usual channels of transportation; but no person shall be deemed to have violated this section if he proves that notwithstanding the exercise of good faith he was unable to make such delivery or deposit within such time, or that to do so would cause undue inconvenience or expense. ­­-------- (L. 1965 p. 575 § 3)
MO Rev Stat § 375.425 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.425 - Provisions of 375.423 and 375.424 not to apply, when — equity security defined.

Effective - 28 Aug 1965   375.425. Provisions of 375.423 and 375.424 not to apply, when — equity security defined. — 1. The provisions of section 375.423 shall not apply to any purchase and sale, or sale and purchase, and the provisions of section 375.424 shall not apply to any sale, of an equity security of such insurance company not then or theretofore held by him in an investment account, by a dealer in the ordinary course of his business and incident to the establishment or maintenance by him of a primary or secondary market, otherwise than on an exchange as defined in the Securities Exchange Act of 1934, for such security. The director may, by such rules and regulations as he deems necessary or appropriate in the public interest, define and prescribe terms and conditions with respect to securities held in an investment account and transactions made in the ordinary course of business and incident to the establishment or maintenance of a primary or secondary market.  2. The provisions of sections 375.422, 375.423 and 375.424 shall not apply to foreign or domestic arbitrage transactions unless made in contravention of such rules and regulations as the director may adopt in order to carry out the purposes of this section.  3. The provisions of sections 375.422, 375.423 and 375.424 shall not apply to equity securities of such insurance company if:  (1) Such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended; or  (2) If such insurance company shall not have any class of its equity securities held of record by one hundred or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of sections 375.422, 375.423 and 375.424, except for the provisions of this subdivision.  4. The term "equity security" when used in this section means any stock or similar security; or any security convertible, with or without consideration, into such a security, or carrying any warrant or right to subscribe to or purchase such a security; or any such warrant or right; or any other security which the director shall deem to be of similar nature and consider necessary or appropriate, by such rules and regulations as he may prescribe in the public interest or for the protection of investors, to treat as an equity security. ­­-------- (L. 1965 p. 575 §§ 4 to 7)
MO Rev Stat § 375.426 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.426 - Director to make rules and regulations.

Effective - 28 Aug 1965   375.426. Director to make rules and regulations. — The director shall have the power to make such rules and regulations as may be necessary for the execution of the functions vested in him by sections 375.422 to 375.426, and may for such purpose classify such insurance companies, securities, and other persons or matters within his jurisdiction. All such rules and regulations shall conform to, and be subject to, the provisions of chapter 536 as now constituted or hereafter amended. No provision of sections 375.422, 375.423 and 375.424, imposing any liability shall apply to any act done or omitted in good faith in conformity with any rule or regulation of the director, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or determined by judicial or other authority to be invalid for any reason. ­­-------- (L. 1965 p. 575 § 8)