reglab/housing_qa huggingface dataset:
MO Rev Stat § 381.062 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.062 - Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.

Effective - 01 Jan 2008   381.062. Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license. — Any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than four hundred thousand dollars and, in addition, surplus of at least four hundred thousand dollars. Beginning January 1, 2013, any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than eight hundred thousand dollars and, in addition, surplus of at least eight hundred thousand dollars. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.065 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.065 - Net retained liability limits, maximum amount — reinsurance allowed — waiver by director of risk, when.

Effective - 01 Jan 2008   381.065. Net retained liability limits, maximum amount — reinsurance allowed — waiver by director of risk, when. — 1. The net retained liability of a title insurer for a single risk in regard to real property located in this state, or in regard to a title insurance policy issued in this state and insuring personal property, whether assumed directly or as reinsurance, shall not exceed the aggregate of fifty percent of surplus as regards policyholders plus the statutory premium reserve less the company's investment in title plants, all as shown in the most recent annual statement of the insurer on file with the director.  2. For purposes of this chapter:  (1) A single risk shall be the insured amount of any title insurance policy, except that, where two or more title insurance policies are issued simultaneously covering different estates in the same property, a single risk shall be the sum of the insured amounts of all the title insurance policies; and  (2) A policy under which a claim payment reduces the amount of insurance under one or more other title insurance policies shall be included in computing the single risk sum only to the extent that its amount exceeds the aggregate amount of the policy or policies whose amount of insurance is reduced.  3. A title insurer may obtain reinsurance for all or any part of its liability under its title insurance policies or reinsurance agreements and may also reinsure title insurance policies issued by other title insurers on single risks located in this state or elsewhere. Reinsurance on policies issued on real property located in this state, or on policies issued in this state and insuring personal property, may be obtained from any title insurers licensed to transact title insurance business in this state, any other state, or the District of Columbia and which have a combined capital and surplus of at least one million six hundred thousand dollars.  4. The director may waive the limitation of this section for a particular risk upon application of the title insurer and for good cause shown. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.068 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.068 - Investment in title plant, amount restricted, considered asset.

Effective - 01 Jan 2008   381.068. Investment in title plant, amount restricted, considered asset. — In determining the financial condition of a title insurer doing business under this chapter, the general investment provisions of sections 379.080 to 379.082 shall apply; except that, an investment in a title plant or plants in an amount equal to the actual cost shall be allowed as an admitted asset for title insurers. The aggregate amount of the investment shall not exceed twenty percent of surplus to policyholders, as shown on the most recent annual statement of the title insurer on file with the director. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.075 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.075 - Additional insurance laws applicable to title insurers, insurer's supervision, rehabilitation and liquidation act, exceptions — liquidation or insolvency, treatment of security and escrow funds, filing of claims, cancellation of policies, payment of fully earned premiums.

Effective - 01 Jan 2008   381.075. Additional insurance laws applicable to title insurers, insurer's supervision, rehabilitation and liquidation act, exceptions — liquidation or insolvency, treatment of security and escrow funds, filing of claims, cancellation of policies, payment of fully earned premiums. — 1. Sections 375.570 to 375.750 and sections 375.1150 to 375.1246 shall apply to all title insurers subject to this chapter, except as otherwise provided in this section. In applying such sections, the court shall consider the unique aspects of title insurance and shall have broad authority to fashion relief that provides for the maximum protection of the title insurance policyholders.  2. Security and escrow funds held by or on behalf of the title insurer shall not become general assets and shall be administered as secured claims as defined in section 375.1152.  3. Title insurance policies that are in force at the time an order of liquidation is entered shall not be cancelled except upon a showing to the court of good cause by the liquidator. The determination of good cause shall be within the discretion of the court. In making this determination, the court shall consider the unique aspects of title insurance and all other relevant circumstances.  4. The court may set appropriate dates that potential claimants must file their claims with the liquidator. The court may set different dates for claims based upon the title insurance policy than for all other claims. In setting dates, the court shall consider the unique aspects of title insurance and all other relevant circumstances.  5. As of the date of the order of insolvency or liquidation, all premiums paid, due or to become due under policies of the title insurers shall be fully earned. It shall be the obligation of title agencies, title agents, insureds, or representatives of the title insurer to pay fully earned premium to the liquidator or rehabilitator. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.112 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.112 - Premium tax, premium income defined.

Effective - 01 Jan 2008   381.112. Premium tax, premium income defined. — For purposes of the premium tax imposed by sections 148.320 and 148.340, the "premium income received by a title insurer" shall mean the amount within the definition of "premium". ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.122 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.122 - Director authorized to inspect books and records.

Effective - 01 Jan 2008   381.122. Director authorized to inspect books and records. — The director may during normal business hours examine, audit and inspect any and all books and records maintained by a title insurer, title agency, or title agent under this chapter. ­­-------- (L. 2000 S.B. 894, A.L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.161 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.161 - Contract of title insurance through specific agent, agency, or insurer prohibited.

Effective - 01 Jan 2008, 2 histories   381.161. Contract of title insurance through specific agent, agency, or insurer prohibited. — 1. No producer or other person, except the person paying the premium for the title insurance, shall require, directly or indirectly, or through any trustee, director, officer, agent, employee, or affiliate, as a condition, agreement, or understanding to selling or furnishing any other person any loan, or extension thereof, credit, sale, property, contract, lease or service, that such other person shall place any contract of title insurance of any kind through any particular title agent, agency, or title insurer. No title agent, agency, or title insurer shall knowingly participate in any such prohibited plan or transaction. No person shall fix a price charged for such thing or service, or discount from or rebate upon price, on the condition, agreement, or understanding that any title insurance is to be obtained through a particular agent, agency, or title insurer.  2. A violation of any provision under this section is a level three violation under section 374.049. ­­-------- (L. 1987 S.B. 251 § 18, Repealed L. 2000 S.B. 894 § D, L. 2007 S.B. 66)  Effective 1-01-08
MO Rev Stat § 381.400 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.400 - Definitions.

Effective - 28 Aug 1993   381.400. Definitions. — 1. As used in this section and sections 381.403 and 381.405, the following terms mean:  (1) "Construction completion guaranty", an agreement wherein a person guarantees or warrants that the improvements which are the subject of the guaranty will be completed or that the funds deposited under the guaranty are sufficient to complete such improvements;  (2) "Construction deposit guaranty", an agreement wherein a person agrees to accept funds from a mortgage lender, owner or purchaser of real estate or agrees to assure the proper application of funds already paid to a third party to pay for the cost of construction of improvements on such real estate, for disbursement to parties furnishing labor or material for the construction of such improvement and wherein the person guarantees to the party depositing the funds against loss from misapplication of the funds or inability to obtain a refund of the funds when such party is entitled to a refund thereof;  (3) "Construction escrow agreement", an agreement wherein a person agrees to accept from a mortgage lender, owner or purchaser of real estate funds to pay for the cost of construction of improvements on such real estate, for disbursement to the owner, general contractor, or parties furnishing labor or material for the construction of such improvement, but which does not contain any guarantee to the party depositing the funds against loss from misapplication of the funds or inability to obtain a refund of the funds. The issuance of title insurance against mechanics' liens does not constitute a construction deposit guaranty or construction completion guaranty;  (4) "Insured closing letter", a statement issued by a title insurance company to a party to a real estate transaction, acknowledging that the title insurance agency or agent closing a transaction in connection with which the title insurance company's policy is being issued, is a duly licensed and authorized agency or agent of the title insurance company, that the performance of settlement services by such agency or agent is within the scope of its authority as agency or agent for the title insurance company, and promising to be responsible for the misapplication of funds or documents by the agency or agent or its failure to follow written instructions in connection with the closing;  (5) "Licensee", a title insurance company organized under the laws of this state or operating under a certificate of authority in this state, or a title insurance agency or agent licensed by the director. ­­-------- (L. 1993 S.B. 18 § 381.143 subsec. 1)
MO Rev Stat § 381.403 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.403 - Title insurance companies and agents may enter into construction escrow agreements and issue insured closing letters.

Effective - 28 Aug 1993   381.403. Title insurance companies and agents may enter into construction escrow agreements and issue insured closing letters. — Licensees may:  (1) Enter into construction escrow agreements as part of their services as title insurance companies or title insurance agencies;  (2) Issue insured closing letters, if the licensee is a title insurance company. ­­-------- (L. 1993 S.B. 18 § 381.143 subsec. 2)
MO Rev Stat § 381.405 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.405 - Construction and guaranty agreements not authorized for title insurance companies — title insurance against mechanic liens and insured closing letters, authorized.

Effective - 28 Aug 1993   381.405. Construction and guaranty agreements not authorized for title insurance companies — title insurance against mechanic liens and insured closing letters, authorized. — No licensee may enter or offer to enter into any:  (1) Construction deposit guaranty;  (2) Construction completion guaranty;  (3) Contract of guaranty or suretyship wherein the licensee agrees to answer for the debt, obligation or default of a third party, including, but not limited to, statements of responsibility for the acts or omissions of parties which would constitute an insured closing letter if the party on whose behalf the statement is made had been a title insurance agency or agent for the issuer. The provisions of this section shall not prohibit licensees from issuing title insurance against mechanics' liens, nor prohibit a title insurance company from issuing insured closing letters regarding its own duly licensed agency or agent. ­­-------- (L. 1993 S.B. 18 § 381.143 subsec. 3)
MO Rev Stat § 381.410 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.410 - Definitions.

Effective - 28 Aug 2008   381.410. Definitions. — As used in this section and section 381.412, the following terms mean:  (1) "Cashier's check", a check, however labeled, drawn on the financial institution, which is signed only by an officer or employee of such institution, is a direct obligation of such institution, and is provided to a customer of such institution or acquired from such institution for remittance purposes;  (2) "Certified funds", United States currency, funds conveyed by a cashier's check, certified check, teller's check, as defined in Federal Reserve Regulations CC, or wire transfers, including written advice from a financial institution that collected funds have been credited to the settlement agent's account;  (3) "Director", the director of the department of commerce and insurance, unless the settlement agent's primary regulator is another department. When the settlement agent is regulated by such department, that department shall have jurisdiction over this section and section 381.412;  (4) "Financial institution":  (a) A person or entity doing business under the laws of this state or the United States relating to banks, trust companies, savings and loan associations, credit unions, commercial and consumer finance companies, industrial loan companies, insurance companies, small business investment corporations licensed under the Small Business Investment Act of 1958, 15 U.S.C. Section 661, et seq., as amended, or real estate investment trusts as defined in 26 U.S.C. Section 856, as amended, or institutions constituting the Farm Credit System under the Farm Credit Act of 1971, 12 U.S.C. Section 2000, et seq., as amended; or  (b) A mortgage loan company or mortgage banker doing business under the laws of this state or the United States which is subject to licensing, supervision, or auditing by the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation, or the United States Veterans' Administration, or the Government National Mortgage Association, or the United States Department of Housing and Urban Development, or a successor of any of the foregoing agencies or entities, as an approved seller or servicer, if their principal place of business is in Missouri or a state which is contiguous to Missouri;  (5) "Settlement agent", a person, corporation, partnership, or other business organization which accepts funds and documents as fiduciary for the buyer, seller or lender for the purposes of closing a sale of an interest in real estate located within the state of Missouri, and is not a financial institution, or a member in good standing of the Missouri Bar, or a person licensed under chapter 339. ­­-------- (L. 1996 S.B. 664, A.L. 2000 S.B. 894, A.L. 2007 S.B. 66, A.L. 2008 S.B. 788)
MO Rev Stat § 381.412 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 381 - Title Insurance Law|Section 381.412 - Settlement agents, accepting funds, exemption — title insurer, deposit of funds — violation, fine.

Effective - 10 Jun 2008   381.412. Settlement agents, accepting funds, exemption — title insurer, deposit of funds — violation, fine. — 1. A settlement agent who accepts funds of more than two thousand five hundred dollars for closing a real estate transaction shall require a buyer, seller, or lender who is not a financial institution to convey such funds to the settlement agent as certified funds. A check shall be exempt from the provisions of this section if drawn on:  (1) An escrow account of a licensed real estate broker, as regulated and described in section 339.105; or  (2) An escrow account of a title insurer or title insurance agency licensed to do business in Missouri; or  (3) An agency of the United States of America, the state of Missouri, or any county or municipality of the state of Missouri; or  (4) An account by a financial institution.  2. It is unlawful for any title insurer, title agency, or title agent, as defined in section 381.009*, to make any payment, disbursement or withdrawal from an escrow account which it maintains as a depository of funds received from the public for the settlement of real estate transactions unless a corresponding deposit of funds was made to the escrow account for the benefit of the payee or payees:  (1) At least ten days prior to such payment, disbursement, or withdrawal; or  (2) Which consisted of certified funds; or  (3) Consisted of a check made exempt from this section by the provisions of subsection 1 of this section.  3. A violation of any provision of this section is a level two violation under section 374.049. ­­-------- (L. 1996 S.B. 664, A.L. 1997 S.B. 148, A.L. 2000 S.B. 894, A.L. 2007 S.B. 66, A.L. 2008 S.B. 1009)  Effective 6-10-08  *Section 381.009 was repealed by S.B. 66, 2007.
MO Rev Stat § 382.030 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.030 - Disposal of investment required, when.

Effective - 28 Aug 1971   382.030. Disposal of investment required, when. — If an insurer ceases to control a subsidiary, it shall dispose of any investment therein made pursuant to sections 382.010 to 382.300 within three years from the time of the cessation of control or within such further time as the director may prescribe, unless at any time after the investment has been made, the investment meets the requirements for investment under any other investment law applicable to the insurer, and the insurer has notified the director thereof. ­­-------- (L. 1971 S.B. 101 § 5)
MO Rev Stat § 382.070 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.070 - Excepted transactions.

Effective - 28 Aug 1993   382.070. Excepted transactions. — The provisions of sections 382.040, 382.050 and 382.060 shall not apply to:  (1) Any transaction which is subject to the provisions of section 375.355 or 375.861; or  (2) Any offer, request, invitation, agreement or acquisition which the director by order shall exempt therefrom as not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer, or as otherwise not comprehended within the purposes of sections 382.010 to 382.300. ­­-------- (L. 1971 S.B. 101 § 9, A.L. 1983 H.B. 633 merged with S.B. 333, A.L. 1992 H.B. 1574, A.L. 1993 H.B. 709)
MO Rev Stat § 382.080 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.080 - Prohibited acts.

Effective - 28 Aug 2015   382.080. Prohibited acts. — The following shall be violations of sections 382.040 to 382.090:  (1) The failure to file any statement, amendment, or other material required to be filed pursuant to section 382.040 or 382.050; or  (2) The effectuation or any attempt to effectuate an acquisition of control of, divestiture of, or merger with a domestic insurer covered by sections 382.040 to 382.090, unless the director has given approval. ­­-------- (L. 1971 S.B. 101 § 10, A.L. 2015 H.B. 50)
MO Rev Stat § 382.090 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.090 - Jurisdiction, acceptance of — service, how had.

Effective - 28 Aug 1971   382.090. Jurisdiction, acceptance of — service, how had. — The courts of this state are hereby vested with jurisdiction over every person not resident, domiciled, or authorized to do business in this state who files a statement with the director under sections 382.010 to 382.300, and over all actions involving such person arising out of violations of sections 382.010 to 382.300, and each such person shall be deemed to have performed acts equivalent to and constituting an appointment by him of the director to be his true and lawful attorney upon whom may be served all lawful process in any action, suit or proceeding arising out of violations of sections 382.010 to 382.300. Copies of all such lawful process shall be served on the director and transmitted by registered or certified mail by the director to such person at his last known address. ­­-------- (L. 1971 S.B. 101 § 11)
MO Rev Stat § 382.100 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 382 - Insurance Holding Companies|Section 382.100 - Registration required.

Effective - 28 Aug 1992   382.100. Registration required. — Every insurer which is authorized to do business in this state and which is a member of an insurance holding company system, except a foreign insurer subject to disclosure requirements and standards adopted by statute or regulation in the jurisdiction of its domicile which are substantially similar to those contained in sections 382.010 to 382.300, shall register with the director. Every insurer which is subject to registration under sections 382.010 to 382.300 shall register within sixty days after September 28, 1971, or fifteen days after it becomes subject to registration, whichever is later, and annually thereafter by March first of each year for the previous calendar year, unless the director for good cause shown extends the time for registration, and then within such extended time. The director may require any authorized insurer which is a member of a holding company system which is not subject to registration under this section to furnish a copy of the registration statement, the summary specified in subsection 2 of section 382.110, or other information filed by it with the insurance regulatory authority of its state of domicile. ­­-------- (L. 1971 S.B. 101 § 12, A.L. 1992 H.B. 1574)