reglab/housing_qa huggingface dataset:
MO Rev Stat § 380.151 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.151 - Mutual companies may unite or transfer funds and engagements, procedure — creditor's rights not affected.

Effective - 01 Jan 1985   380.151. Mutual companies may unite or transfer funds and engagements, procedure — creditor's rights not affected. — Any two or more Missouri mutual insurance companies operating under the provisions of sections 380.011 to 380.151 may unite and become incorporated in one corporate body, with or without any dissolution or division of the funds of either corporation; or any such corporation may transfer its engagements, funds and property to any other such corporation and upon such terms as may be agreed upon by three-fourths of the members of each of the bodies who are either present in person or by proxy at the meeting of the members convened for that purpose by notice, stating the object of the meeting, sent by first class mail to every member, and by a general notice, appearing daily at least one week or weekly at least two weeks in a newspaper published in the county where the principal home office of the company is located; but no such transfer shall prejudice any right of any creditor of any such corporation to have payment of his debt out of the assets and property thereof. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.201 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.201 - Definitions.

Effective - 01 Jan 1985   380.201. Definitions. — As used in sections 380.201 to 380.601, unless the context clearly indicates otherwise, the following terms mean:  (1) "Assessment", the amount, or the policyholder's share of such amount, determined by the company to be necessary to pay accrued liabilities, to meet or defray anticipated needs of the company and/or to add to or restore the guaranty fund;  (2) "Director", the director of the department of commerce and insurance of the state of Missouri;  (3) "Fee", the charge or that portion of such charge collected by the company which is used for or allocated to the payment of acquisition or survey costs;  (4) "Guaranty fund", accumulated assets in excess of accrued losses and expenses;  (5) "Initial charge", such charge or that portion of such charge not otherwise defined herein collected by the company before or at the time of the issuance or the renewal of the policy and used for, or allocated to, any purpose which the company deems desirable not prohibited by law;  (6) "Premium", a stipulated amount charged for a specified policy period, which the company is required to charge as a liability and maintain as an unearned premium reserve until the end of the specified policy period. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.211 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.211 - New companies prohibited, when.

Effective - 01 Jan 1985   380.211. New companies prohibited, when. — No company shall be incorporated under the provisions of sections 380.201 to 380.601 after January 1, 1985. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.231 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.231 - Company operations limited to Missouri.

Effective - 01 Jan 1985   380.231. Company operations limited to Missouri. — 1. Any company operating under the provisions of sections 380.201 to 380.591 may do business throughout the state of Missouri but may not do business outside this state. The counties the company proposes to do business in shall be specified in its articles of incorporation and in the certificate of authority issued by the director.  2. All such companies must maintain a membership of at least one hundred members.  3. The name of any such company shall not be deceptively similar to any other insurance company authorized to do business in this state. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.241 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.241 - Amendment to articles and bylaws, procedure — fee.

Effective - 01 Jan 1985   380.241. Amendment to articles and bylaws, procedure — fee. — 1. The articles of incorporation may be amended by a two-thirds vote of the members voting at any meeting of members if members have been given not less than thirty days' notice of such meeting and proposed amendments. After the adoption of an amendment to the articles, a certificate of amendment shall be executed and filed with the director in conformance with section 375.221. Upon receipt of the amendment, the director shall follow the procedure set out in section 375.206. The amendment will become effective subject to section 375.216.  2. Bylaws may be amended as provided therein. All amendments to the bylaws shall be filed with the director. Such bylaws shall not be inconsistent with sections 380.201 to 380.591, any other applicable laws or the articles of incorporation.  3. A fee of ten dollars shall be imposed for each amendment to the articles of incorporation or bylaws filed. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.251 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.251 - Forms, filing and approval, fee — policy, required provisions — disapproved, procedure.

Effective - 01 Jan 1985   380.251. Forms, filing and approval, fee — policy, required provisions — disapproved, procedure. — 1. No company shall deliver or issue for delivery in this state a policy, or any endorsement or rider thereto, until a copy of the form shall have been filed with and approved by the director. Upon the filing of any form with the director, such form shall be deemed approved by the director. The director shall thereafter disapprove only those forms which are inconsistent with sections 380.201 to 380.591 or any other applicable law, and do not contain any provisions which are deceptive, ambiguous or misleading. The director must give written notification to the company of the approval or disapproval of any form. If a form is disapproved, the company filing the form may request a hearing before the director.  2. All policies shall have printed on them whether the policy is assessable and when and where the annual meeting will be held.  3. A fee of ten dollars shall be imposed for each form filed. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.271 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.271 - Financial reinsurance requirements.

Effective - 28 Aug 1991   380.271. Financial reinsurance requirements. — 1. In order to commence or continue writing the classes of insurance enumerated in section 380.261, any company operating under the provisions of sections 380.201 to 380.591 shall comply with the following financial and reinsurance requirements:  (1) To make fire insurance as described in section 380.261, a company shall maintain a guaranty fund of not less than fifty thousand dollars or one-tenth of one percent of the net fire insurance in force, whichever is greater. Reinsurance sufficient to protect the financial stability of the company shall also be required. The director may require additional reinsurance if he deems it necessary to protect the policyholders of the company.  (2) To make windstorm insurance as described in section 380.261, a company shall maintain a guaranty fund of not less than fifty thousand dollars or one-tenth of one percent of the net wind insurance in force, whichever is greater. Reinsurance sufficient to protect the financial stability of the company shall also be required. The director may require additional reinsurance if he deems it necessary to protect the policyholders of the company.  (3) To make liability insurance as described in section 380.261, a company shall maintain a guaranty fund of not less than fifty thousand dollars or twenty-five percent of net premiums written less deductions for pro rata, quota-share or per-risk excess of loss reinsurances directly covering the company's casualty premiums or assessments, whichever is greater. Reinsurance sufficient to protect the financial stability of the company shall also be required. The director may require additional reinsurance if he deems it necessary to protect the policyholders of the company.  (4) To make crop insurance as described in section 380.261, a company shall maintain a guaranty fund of not less than fifty thousand dollars or one-half of one percent of the net crop insurance in force, whichever is greater. Reinsurance sufficient to protect the financial stability of the company shall also be required. The director may require additional reinsurance if he deems it necessary to protect the policyholders of the company.  (5) To make insurance as described in subdivision (5) of section 380.261, a company shall maintain a guaranty fund of not less than one million six hundred thousand dollars. Reinsurance sufficient to protect the financial stability of the company shall also be required. The director may require additional reinsurance if he deems it necessary to protect the policyholders of the company.  2. The financial requirements of this section are to be construed cumulatively except that a company shall be required to have a guaranty fund of not more than one million six hundred thousand dollars plus reinsurance. ­­-------- (L. 1984 H.B. 1498, A.L. 1991 H.B. 592)
MO Rev Stat § 380.281 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.281 - Mergers of certain mutual companies, procedure — merger plan, required contents.

Effective - 01 Jan 1985   380.281. Mergers of certain mutual companies, procedure — merger plan, required contents. — Any two or more companies operating under the provisions of sections 380.201 to 380.591 may merge into one of the corporations; and companies operating under the provisions of sections 380.011 to 380.151 may merge into a corporation operating under sections 380.201 to 380.591 in the following manner: The board of directors of each corporation shall approve a plan of merger and direct the submission of the plan to a vote at a meeting of its members. The plan of merger shall set forth:  (1) The names of the corporations proposing to merge, and the name of the corporation into which they propose to merge, which is herein designated as "the surviving corporation";  (2) The terms and conditions of the proposed merger and the mode of carrying it into effect;  (3) A statement of any changes in the articles of incorporation of the surviving corporation to be effected by the merger;  (4) Such other provisions with respect to the proposed merger as are deemed necessary or desirable. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.291 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.291 - Meeting to consider merger plan, notice — requirements.

Effective - 01 Jan 1985   380.291. Meeting to consider merger plan, notice — requirements. — The plan of merger shall be submitted to a vote at a meeting of the members which may be either an annual or a special meeting. Written or printed notice stating that the purpose, or one of the purposes, of the meeting is to consider the plan of merger, together with a copy or a summary of the plan of merger, shall be given to each member entitled to vote at the meeting within the time and in the manner provided in the company's articles for the giving of notice of meetings of members. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.301 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.301 - Approval of merger plan, votes required.

Effective - 01 Jan 1985   380.301. Approval of merger plan, votes required. — At each such meeting a vote of the members entitled to vote thereat shall be taken on the proposed plan of merger. The plan of merger shall be approved upon receiving the affirmative vote of at least three-fourths of the members of each of the corporations entitled to vote at such meeting. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.311 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.311 - Articles of merger, content — executed by corporate officers.

Effective - 01 Jan 1985   380.311. Articles of merger, content — executed by corporate officers. — Upon the approval of the members, articles of merger shall be executed in duplicate by each corporation by its president or a vice president, and verified by him, and the corporate seal of each corporation shall be thereto affixed, attested by its secretary or an assistant secretary, and shall set forth:  (1) The plan of merger;  (2) As to each corporation, the number of members;  (3) As to each corporation, the number of members voting for and against such plan, respectively. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.321 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.321 - Director to review petition for merger — hearing to be held, when — procedure — costs.

Effective - 01 Jan 1985   380.321. Director to review petition for merger — hearing to be held, when — procedure — costs. — 1. Whenever two companies propose to merge under the provisions of section 380.281 and their membership has approved the plan of merger, a petition shall be presented to the director, accompanied by the articles of merger, and praying for the approval or modification of the plan of merger.  2. The director shall review the petition and may waive any hearing if he finds the proposed merger does not prejudice the interests of the policyholders of the companies.  3. If the director deems it necessary, he shall issue an order of notice, requiring notice to be given, to the policyholders of the company, of the pendency of the petition, and the time and place at which the same will be heard, by publication of the order of notice in not less than two daily newspapers designated by the director, at least one of which shall be published in the city of Jefferson City, for at least once a week for two successive weeks on the same day of each week, the last notice appearing not more than five calendar days before the time appointed for the hearing upon the petition and any further notice which the director may require to be given by the petitioners.  4. At the time and place fixed in the notice, or at such time and place as shall be fixed by order of the director, or by recess from time to time or adjournment, the director shall proceed with the hearing, and may make such examination into the affairs and conditions of the companies as is proper. The director may summon and compel the attendance and testimony of witnesses and the production of books and papers at the hearing. Any policyholder or member of the company or companies or any member of the public with an interest may appear at the hearing and be heard in reference to the petition.  5. The director, if satisfied that the interests of the policyholders of the companies are properly protected, and that no reasonable objections exist thereto, may approve and authorize the proposed merger, or order such modification thereof as may seem best for the interests of the policyholders.  6. Expenses and costs incident to the proceeding under the provisions of this section shall be paid by the company or companies bringing the petition upon order of the director. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.331 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.331 - Certificate of merger issued, when — director and secretary of state's duties.

Effective - 01 Jan 1985   380.331. Certificate of merger issued, when — director and secretary of state's duties. — 1. Upon approval or modification of the plan of merger, the director shall certify a copy of his order of approval and two copies of the articles of merger and forward same to the secretary of state.  2. When all required taxes or fees have been paid, the secretary of state shall file the same keeping one copy as a permanent record and shall issue a certificate of merger and a certified copy of such certificate, to which he shall affix the other copy of such articles. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.341 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.341 - Merger effective when.

Effective - 01 Jan 1985   380.341. Merger effective when. — Upon the issuance of the certificate of merger by the secretary of state, the merger or consolidation shall be effected. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.351 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.351 - Certificate of merger returned to whom.

Effective - 01 Jan 1985   380.351. Certificate of merger returned to whom. — The certificate of merger and certified copy thereof, with a copy of the articles of merger affixed thereto by the secretary of state, shall be returned to the surviving corporation or new corporation, as the case may be, or to its representative. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.361 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.361 - Surviving corporation after merger, rights and liabilities.

Effective - 01 Jan 1985   380.361. Surviving corporation after merger, rights and liabilities. — 1. The several corporations parties to the plan of merger shall be a single corporation, which shall be that corporation designated in the plan of merger as the surviving corporation.  2. The separate existence of all corporations parties to the plan of merger except the surviving corporation shall cease.  3. The surviving corporation shall have all the rights, privileges, immunities, and powers and shall be subject to all the duties and liabilities of a corporation organized under the provisions of sections 380.201 to 380.591.  4. The surviving corporation shall thereupon and thereafter possess all the rights, privileges, immunities and franchises, of a public as well as of a private nature, of each of the merging corporations; and all property, real, personal, and mixed, and all debts due on whatever account and all other choses in action, and all and every other interest, of or belonging to or due to each of the corporations so merged shall be taken and deemed to be transferred to and vested in the single corporation without further act or deed; and the title to any real estate, or any interest therein, under the laws of this state vested in any of the corporations shall not revert or be in any manner impaired by reason of the merger.  5. The surviving corporation shall thenceforth be responsible and liable for all the liabilities and obligations of each of the corporations so merged; and any claim existing or action or proceeding pending by or against any of the corporations may be prosecuted to judgment as if the merger had not taken place, or the surviving corporation may be substituted in its place. Neither the rights of creditors nor any liens upon the property of any of the corporations shall be impaired by the merger.  6. The articles of incorporation of the surviving corporation shall be deemed to be amended to the extent, if any, that changes in its articles are stated in the articles of merger. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.371 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.371 - Powers of a company, generally.

Effective - 01 Jan 1985   380.371. Powers of a company, generally. — Subject to the provisions of sections 380.201 to 380.591 every company operating hereunder shall have all the powers of a corporate body, including but not limited to the following: To borrow money; to sue and be sued; to make contracts of insurance or indemnity with any person, firm, public or private corporation, board, association or estate or any trustee or legal representative of the same; to cede reinsurance to and/or accept it from any company lawfully operating in this state or elsewhere; to participate with other insurance companies in pools or plans for reinsurance or catastrophe protection; to prescribe the qualifications and the manner and form of the admission or withdrawal of the members; to have and to use a common seal which may be changed or altered at pleasure; to be capable in its corporate name, or in the name of a trustee chosen by the board of directors, to take, purchase, lease, hold and dispose of real or personal property for carrying into effect the purpose of the corporation; to classify risks according to the hazards involved, to establish rates according to such classification and to make all lawful rules and regulations concerning the acceptability of any risk or risks, the hazards insured, the payments to be required, and the adjustment and payment of losses; to fix the compensation of its directors and officers and require bond for the faithful performance of their duties; to adopt or amend bylaws, policy and application forms not inconsistent with law or the provisions of the articles of incorporation, and to exercise all such other powers as may be necessary, proper or convenient to effect the purposes of such company. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85