reglab/housing_qa huggingface dataset:
MO Rev Stat § 382.275 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.275 - False reports, filing of, penalty.

Effective - 01 Jan 2017, 2 histories   382.275. False reports, filing of, penalty. — Any officer, director, or employee of an insurance holding company system who knowingly subscribes to or makes or causes to be made any false statements or false reports or false filings with the intent to deceive the director in the performance of his duties under this chapter, upon conviction thereof, shall be guilty of a class E felony. Any fines imposed shall be paid by the officer, director, or employee in his individual capacity. ­­-------- (L. 1992 H.B. 1574, A.L. 2014 S.B. 491)  Effective 1-01-17
MO Rev Stat § 382.277 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.277 - Violation, basis for disapproving dividends or distributions and placing insurer under order of suspension.

Effective - 28 Aug 2018, 2 histories   382.277. Violation, basis for disapproving dividends or distributions and placing insurer under order of suspension. — Whenever it appears to the director that any person has committed a violation of sections 382.040 to 382.090 and the violation prevents the full understanding of the enterprise risk to the insurer by affiliates or by the insurance holding company system, the violation may serve as an independent basis for disapproving dividends or distributions and for placing the insurer under an order of supervision in accordance with section 375.1160. ­­-------- (L. 2015 H.B. 50, A.L. 2018 S.B. 975 & 1024 Revision)
MO Rev Stat § 382.280 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.280 - Director to take possession, when.

Effective - 28 Aug 1971   382.280. Director to take possession, when. — Whenever it appears to the director that any person has committed a violation of sections 382.010 to 382.300 which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders or the public, then the director may proceed as provided by law to take possession of the property of such domestic insurer and to conduct the business thereof. ­­-------- (L. 1971 S.B. 101 § 31)
MO Rev Stat § 382.285 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.285 - Liquidation or rehabilitation, effects — maximum amount recoverable — liability, parent company, when.

Effective - 28 Aug 1992   382.285. Liquidation or rehabilitation, effects — maximum amount recoverable — liability, parent company, when. — 1. If an order for liquidation or rehabilitation of a domestic insurer has been entered, the receiver appointed under such order shall have a right to recover on behalf of the insurer, from any parent corporation or holding company or person or affiliate who otherwise controlled the insurer, the amount of distributions, other than distributions of shares of the same class of stock, paid by the insurer on its capital stock, or any payment in the form of a bonus, termination settlement or extraordinary lump sum salary adjustment made by the insurer or its subsidiary to a director, officer or employee, where the distribution or payment is made at any time during the one year preceding the petition for liquidation, conservation or rehabilitation, as the case may be, subject to the limitations of subsections 2, 3, and 4 of this section.  2. No such distribution shall be recoverable if the parent or affiliate shows that when paid such distribution was lawful and reasonable, and that the insurer did not know and could not have reasonably known that such distribution might adversely affect the ability of the insurer to fulfill its contractual obligations.  3. Any person who was a parent corporation or holding company or a person who otherwise controlled the insurer or affiliate at the time such distributions were paid shall be liable up to the amount of distributions or payments under subsection 1 of this section such person received. Any person who otherwise controlled the insurer at the time such distributions were declared shall be liable up to the amount of distributions he would have received if they had been paid immediately. If two or more persons are liable with respect to the same distributions, they shall be jointly and severally liable.  4. The maximum amount recoverable under this subsection shall be the amount needed in excess of all other available assets of the impaired or insolvent insurer to pay the contractual obligations of the impaired or insolvent insurer and to reimburse any guaranty funds.  5. To the extent that any person liable under subsection 3 of this section is insolvent or otherwise fails to pay claims due from it pursuant to such subsection, its parent corporation or holding company or person who otherwise controlled it at the time the distribution was paid shall be jointly and severally liable for any resulting deficiency in the amount recovered from such parent corporation or holding company or person who otherwise controlled it. ­­-------- (L. 1992 H.B. 1574)
MO Rev Stat § 382.290 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.290 - Revocation of insurer's license, when.

Effective - 28 Aug 1971   382.290. Revocation of insurer's license, when. — Whenever it appears to the director that any person has committed a violation of sections 382.010 to 382.300 which makes the continued operation of an insurer contrary to the interests of policyholders or the public, the director may, after giving notice and an opportunity to be heard, determine to suspend, revoke or refuse to renew such insurer's license or authority to do business in this state for such period as he finds is required for the protection of policyholders or the public. Any such determination shall be accompanied by specific findings of fact and conclusions of law. ­­-------- (L. 1971 S.B. 101 § 32)
MO Rev Stat § 382.300 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.300 - Appeals from director's action, procedure.

Effective - 28 Aug 1971   382.300. Appeals from director's action, procedure. — 1. Any person aggrieved by any act, determination, rule, regulation, order or any other action of the director pursuant to sections 382.010 to 382.300 may appeal therefrom to the circuit court for Cole County. The court shall conduct its review without a jury and by trial de novo, but if all parties, including the director, so stipulate, the review shall be confined to the record. Portions of the records may be introduced by stipulation into evidence in a trial de novo as to those parties so stipulating.  2. The filing of an appeal pursuant to this section shall stay the application of any rule, regulation, order or other action of the director to the appealing party unless the court, after giving such party notice and an opportunity to be heard, determines that such a stay would be detrimental to the interests of policyholders, shareholders, creditors or the public.  3. Any person aggrieved by any failure of the director to act or make a determination required by sections 382.010 to 382.300 may petition the circuit court for Cole County for a writ in the nature of a mandamus or a peremptory mandamus directing the director to act or make the determination forthwith. ­­-------- (L. 1971 S.B. 101 § 33)
MO Rev Stat § 382.400 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.400 - Definitions.

Effective - 28 Aug 2009   382.400. Definitions. — As used in sections 382.400 to 382.409, the following terms mean:  (1) "Accredited state", a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners;  (2) "Control" or "controlled" has the meaning prescribed by section 382.010;  (3) "Controlled insurer", a licensed insurer which is controlled, directly or indirectly, by a producer;  (4) "Controlling producer", a producer who, directly or indirectly, controls an insurer;  (5) "Licensed insurer" or "insurer", any person, firm, association or corporation duly licensed to transact a property or casualty insurance business in this state. The following are not licensed insurers for the purposes of sections 382.400 to 382.410*:  (a) All risk retention groups as defined in the federal Superfund Amendments Reauthorization Act of 1986, as amended, and the federal Risk Retention Act, 15 U.S.C. Section 3901, et seq., as amended, and sections 375.1080 to 375.1105;  (b) All residual market pools and joint underwriting authorities or associations; and  (c) All captive insurers. For the purposes of sections 382.400 to 382.410*, "captive insurers" are insurance companies owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks to member organizations and group members and their affiliates;  (6) "Producer", an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of an insurance contract on behalf of an insured other than the person, firm, association, or corporation. ­­-------- (L. 1992 H.B. 1574 § 7, A.L. 2009 H.B. 577)  *Section 382.410 was repealed by S.B. 613 Revision § A, 2007.
MO Rev Stat § 382.402 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.402 - Applicability of law.

Effective - 28 Aug 2009   382.402. Applicability of law. — Sections 382.400 to 382.409 shall apply to licensed insurers either domiciled in this state or domiciled in a state that is not an accredited state having in effect laws substantially similar to the provisions of sections 382.400 to 382.409. All provisions of this chapter, to the extent they are not superseded by sections 382.400 to 382.409, shall continue to apply to all parties within holding company systems subject to sections 382.400 to 382.409. ­­-------- (L. 1992 H.B. 1574 § 8, A.L. 2009 H.B. 577)
MO Rev Stat § 382.407 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.407 - Notice to insured, producer to provide, contents.

Effective - 28 Aug 2009   382.407. Notice to insured, producer to provide, contents. — The producer, prior to the effective date of the policy, shall deliver written notice to the prospective insured disclosing the relationship between the producer and the controlled insurer, except that if the business is placed through a subproducer who is not a controlling producer, the controlling producer shall retain in his records a signed commitment from the subproducer that the subproducer is aware of the relationship between the insurer and the producer and that the subproducer has or will notify the insured. ­­-------- (L. 1992 H.B. 1574 § 10, A.L. 2009 H.B. 577)
MO Rev Stat § 382.409 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.409 - Noncompliance with law, powers of director — receiver in liquidation, powers.

Effective - 28 Aug 2009   382.409. Noncompliance with law, powers of director — receiver in liquidation, powers. — 1. (1) If the director believes that the controlling producer or any other person has not materially complied with sections 382.400 to 382.410*, or any regulation or order promulgated hereunder, after notice and opportunity to be heard, the director may order the controlling producer to cease placing business with the controlled insurer; and  (2) If it was found that because of such material noncompliance that the controlled insurer or any policyholder thereof has suffered any loss or damage, the director may maintain a civil action or intervene in an action brought by or on behalf of the insurer or policyholder for recovery of compensatory damages for the benefit of the insurer or policyholder or other appropriate relief.  2. If an order of liquidation or rehabilitation of the controlled insurer has been entered pursuant to sections 375.1150 to 375.1246, and the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with sections 382.400 to 382.410*, or any regulation or order promulgated hereunder, and the insurer suffered any loss or damage therefrom, the receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer.  3. Nothing contained in this section shall affect the right of the director to impose any other penalties provided for by law.  4. Nothing contained in this section is intended to or shall in any manner alter or affect the rights of policyholders, claimants, creditors or other third parties. ­­-------- (L. 1992 H.B. 1574 § 11, A.L. 2009 H.B. 577)  *Section 382.410 was repealed by S.B. 613 Revision § A, 2007.
MO Rev Stat § 382.500 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.500 - Applicability — findings of general assembly.

Effective - 01 Jan 2016   382.500. Applicability — findings of general assembly. — 1. The provisions of sections 382.500 to 382.550 shall apply to all insurers domiciled in this state that are not exempt under section 382.525.  2. The general assembly finds and declares that an own risk and solvency assessment (ORSA) summary report contains confidential and sensitive information related to an insurer or insurance group's identification of risks material and relevant to the insurer or insurance group filing such report. Such information includes proprietary and trade secret information that has the potential for harm and competitive disadvantage to the insurer or insurance group if such information is made public. An ORSA summary report shall be a confidential document filed with the director, shall be shared only as stated in sections 382.500 to 382.550 to assist the director in the performance of the director's duties, and shall not be subject to public disclosure. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.505 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.505 - Definitions.

Effective - 01 Jan 2016   382.505. Definitions. — As used in sections 382.500 to 382.550, the following terms shall mean:  (1) "Director", the director of the department of commerce and insurance;  (2) "Insurance group", those insurers and affiliates included within an insurance holding company system as defined in sections 382.010 to 382.300;  (3) "Insurer", the same meaning as such term is defined in section 382.010; except that, insurer shall not include agencies, authorities, or instrumentalities of the United States, its possessions and territories, the Commonwealth of Puerto Rico, the District of Columbia, or a state or political subdivision of a state;  (4) "NAIC", the National Association of Insurance Commissioners;  (5) "Own risk and solvency assessment" or "ORSA", a confidential internal assessment appropriate to the nature, scale, and complexity of an insurer or insurance group conducted by such insurer or insurance group of the material and relevant risks associated with the insurer's or insurance group's current business plan, and the sufficiency of capital resources to support such risks;  (6) "ORSA guidance manual", the current version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners (NAIC), as amended. A change in the ORSA guidance manual shall be effective on January first following the calendar year in which the changes have been adopted by the NAIC;  (7) "ORSA summary report", a confidential high-level summary of an insurer's or insurance group's own risk and solvency assessment. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.510 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.510 - Risk management framework to be maintained.

Effective - 01 Jan 2016   382.510. Risk management framework to be maintained. — An insurer shall maintain a risk management framework to assist the insurer with identifying, assessing, monitoring, managing, and reporting on its material and relevant risks. Such requirement may be satisfied if the insurance group of which the insurer is a member maintains a risk management framework applicable to the operations of the insurer. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.515 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.515 - ORSA to be conducted, when.

Effective - 01 Jan 2016   382.515. ORSA to be conducted, when. — Subject to the provisions of section 382.525, an insurer or the insurance group of which the insurer is a member shall conduct an ORSA consistent with a process comparable to the ORSA guidance manual. An ORSA shall be conducted no less than annually and additionally at any time when there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member, as determined by the insurer or the insurance group. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.520 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.520 - ORSA summary report required, when, contents.

Effective - 01 Jan 2016   382.520. ORSA summary report required, when, contents. — 1. Upon the director's request and no more than once each year, an insurer shall submit to the director an ORSA summary report or any combination of reports that together contain the information described in the ORSA guidance manual applicable to the insurer and to the insurance group of which the insurer is a member. Notwithstanding any request from the director, if the insurer is a member of an insurance group, the insurer shall submit the report or reports required under this subsection if the director is the lead state regulator of the insurance group as determined by the procedures within the Financial Analysis Handbook adopted by the National Association of Insurance Commissioners.  2. The report or reports shall include a signature of the insurer's or insurance group's chief risk officer or other executive having responsibility for the oversight of the insurer's enterprise risk management process attesting to the best of his or her belief and knowledge that the insurer applies the enterprise risk management process described in the ORSA summary report and that a copy of the report has been provided to the insurer's board of directors or the appropriate committee thereof.  3. An insurer may comply with subsection 1 of this section by providing the most recent and substantially similar report or reports provided by the insurer or another member of an insurance group of which the insurer is a member to the director of another state or to a supervisor or regulator of a foreign jurisdiction if such report or reports provide information that is comparable to the information described in the ORSA guidance manual. Any such report or reports in a language other than English shall be accompanied by a translation of such report or reports into the English language. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.530 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.530 - ORSA summary report to be prepared consistent with ORSA guidance manual — review, procedures.

Effective - 01 Jan 2016   382.530. ORSA summary report to be prepared consistent with ORSA guidance manual — review, procedures. — 1. An ORSA summary report shall be prepared consistent with the ORSA guidance manual, subject to the requirements of subsection 2 of this section. Documentation and supporting information shall be maintained and made available upon examination or upon request of the director.  2. The review of an ORSA summary report and any additional requests for information shall be made using similar procedures currently used in the analysis and examination of multistate or global insurers and insurance groups. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.540 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.540 - Violation, failure to file ORSA summary report.

Effective - 01 Jan 2016   382.540. Violation, failure to file ORSA summary report. — 1. Subject to subsection 1 of section 374.215, any insurer failing without just cause to timely file an ORSA summary report as required in sections 382.500 to 382.550 commits a level two violation under section 374.049 with respect to each day's delay.  2. The director may enforce the provisions of sections 382.500 to 382.550 under sections 374.046 to 374.049. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.545 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.545 - Severability clause.

Effective - 01 Jan 2016   382.545. Severability clause. — If any provision of sections 382.500 to 382.550 or the application thereof to any person or circumstance is held invalid, such determination shall not affect the provisions or applications of sections 382.500 to 382.550 which may be given effect without the invalid provision or application, and to that end the provisions of sections 382.500 to 382.550 are severable. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16
MO Rev Stat § 382.550 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.550 - Effective date — first filing date.

Effective - 01 Jan 2016   382.550. Effective date — first filing date. — Sections 382.500 to 382.550 shall become effective January 1, 2016. The first filing of ORSA summary reports shall be in 2016 in accordance with section 382.520. ­­-------- (L. 2015 H.B. 50)  Effective 1-01-16