reglab/housing_qa huggingface dataset:
MO Rev Stat § 377.050 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.050 - Emergency fund — accumulation — purpose — replacement.

Effective - 28 Aug 1939   377.050. Emergency fund — accumulation — purpose — replacement. — 1. Corporations organized or doing the business of life insurance under sections 377.010 to 377.190 shall provide for the accumulation of an emergency fund, which shall be not less than the proceeds of one death assessment on all policy or certificate holders thereof; corporations organized or doing the business of casualty insurance under sections 377.010 to 377.190 shall provide in like manner for the accumulation of an emergency fund, which shall be equal to the amount of the maximum policy or certificate which they issue. Said fund shall be accumulated by existing corporations within six months from the date of accepting the provisions of sections 377.010 to 377.190, by all others within six months from the date of their incorporation; which fund, together with the income thereon, shall be a trust fund for the payment of death claims or other benefits provided for in their policies or certificates, and shall be invested in securities in which insurance companies are allowed by law to invest their capital.  2. These securities shall be deposited in trust with the director of the department of commerce and insurance of the state, but the corporation shall at all times have the right to exchange any part of said securities for others of a like amount and character.  3. If, in any period of six months, the death rate of any such corporation shall be in excess of the annual rate of mortality as shown by the American life tables, it shall be lawful for such corporation to draw out any portion of said securities necessary to meet such excess, by requisition signed by two-thirds of its directors, which, upon proper proof of said facts to the state director of the department of commerce and insurance, shall also be endorsed by him setting forth that the same is to be used for the purposes of said trust.  4. In case the amount so drawn out shall reduce such fund below the amount so required to be provided for, it shall be the duty of said corporation to make up the said deficiency within six months thereafter; said securities to be deposited in some safe deposit in the city of St. Louis, to the joint credit of the director of the department of commerce and insurance and the corporation making the deposit. ­­-------- (RSMo 1939 § 5860)  Prior revisions: 1929 § 5749; 1919 § 6159; 1909 § 6954
MO Rev Stat § 377.060 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.060 - Policy to specify amount to be paid, when payable.

Effective - 28 Aug 1939   377.060. Policy to specify amount to be paid, when payable. — Every policy or certificate hereafter issued by any corporation of this state doing business in conformity with the provisions of sections 377.010 to 377.190, and promising a payment to be made upon a contingency of death, sickness, disability or accident, shall specify the exact sum of money which it promises to pay upon each contingency insured against, and the number of days after satisfactory proof of the happening of such contingency at which such payment shall be made, and upon the occurrence of such contingency, unless the contract shall have been voided for fraud or breach of its conditions, the corporation shall be obligated to the beneficiary for such payment at the time and to the amount specified in the policy or certificate; and the said indebtedness shall be a lien upon all the property, effects and bills receivable of the corporation, with priority over all indebtedness thereafter incurred, except as may be provided by the law in case of the distribution of assets of an insolvent corporation. ­­-------- (RSMo 1939 § 5858)  Prior revisions: 1929 § 5747; 1919 § 6157; 1909 § 6952
MO Rev Stat § 377.070 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.070 - Effect of refusal to pay — duty of director.

Effective - 28 Aug 1939   377.070. Effect of refusal to pay — duty of director. — If the corporation refuses or fails to make such payment for thirty days after final judgment against said corporation, the failure to pay the amount of such final judgment within said period of thirty days shall ipso facto constitute a forfeiture of the charter of such corporation, and it shall be the duty of the director of the department of commerce and insurance forthwith to cause proceedings by quo warranto to be instituted against said corporation for the purpose of ousting it of its charter; and upon the dissolution of said corporation, the director of the department of commerce and insurance shall take charge of its assets and affairs, and wind up the same, as now provided by law in the case of life insurance companies. ­­-------- (RSMo 1939 § 5858)  Prior revisions: 1929 § 5747; 1919 § 6157; 1909 § 6952
MO Rev Stat § 377.080 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.080 - Limitations on the issuance of policies — charitable, benevolent, educational and religious organizations have insurable interest — fraud or coercion, exception.

Effective - 28 Aug 1997   377.080. Limitations on the issuance of policies — charitable, benevolent, educational and religious organizations have insurable interest — fraud or coercion, exception. — 1. No corporation doing business pursuant to sections 377.010 to 377.190 shall issue a certificate or policy upon the life of any person who at nearest birthday is more than sixty years of age, nor upon any life in which the beneficiary named has no insurable interest, nor as an endowment to any insured person while living, and every call for payments by the policy or certificate holders shall distinctly state the purposes of the same.  2. Any assignment of a policy or certificate to a person having no insurable interest in the insured life shall render such assignments void and of no effect.  3. A charitable, benevolent, educational or religious institution qualified pursuant to section 501(c)(3) of the federal Internal Revenue Code, as amended, shall be deemed to have an insurable interest in the life of an insured individual if, in the absence of any fraud or coercion:  (1) The individual has designated the institution as a beneficiary;  (2) The individual has made a gift or an assignment of an interest in life insurance on the life of such insured individual; or  (3) The life insurance is owned by such charitable, benevolent, educational or religious institution and such institution has obtained the consent of the person whose life is being insured, as required by section 376.531. ­­-------- (RSMo 1939 § 5862, A.L. 1992 H.B. 1574, A.L. 1997 H.B. 622)  Prior revisions: 1929 § 5751; 1919 § 6161; 1909 § 6956
MO Rev Stat § 377.090 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.090 - Proceeds not liable for debts.

Effective - 28 Aug 1939   377.090. Proceeds not liable for debts. — The money or other benefit, charity, relief or aid to be paid, provided or rendered by any corporation authorized to do business under sections 377.010 to 377.190, shall not be liable to attachment or other process, and shall not be seized, taken, appropriated or applied by any legal or equitable process, nor by operation of law, to pay any debt or liability of a policy or certificate holder, or any beneficiary named in a policy or certificate. ­­-------- (RSMo 1939 § 5863)  Prior revisions: 1929 § 5752; 1919 § 6162; 1909 § 6957
MO Rev Stat § 377.100 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.100 - Statement of affairs.

Effective - 28 Aug 2007   377.100. Statement of affairs. — Every corporation doing business under sections 377.010 to 377.190 shall annually, on or before the first day of February, return to the director of the department of commerce and insurance, in such manner and form as he shall prescribe, a statement of its affairs for the year ending on the preceding thirty-first day of December, and the director, in person or by deputy, shall have the power of visitation of and examination into the affairs of any such corporation, which is conferred upon him in the case of life insurance companies by the laws of this state; and all companies are hereby declared to be subject to and required to conform to the provisions of chapters 374 and 375, and sections 376.291 to 376.330, 376.580, 376.610 and 376.620, and governed and controlled by all the provisions in said sections contained; provided, always, that nothing herein contained shall subject any corporation doing business under sections 377.010 to 377.190 to any other provisions or requirements of the general insurance laws of this state, except as distinctly herein set forth and provided. ­­-------- (RSMo 1939 § 5865, A.L. 1967 p. 516, A.L. 2007 S.B. 66)  Prior revisions: 1929 § 5754; 1919 § 6164; 1909 § 6959
MO Rev Stat § 377.120 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.120 - Two-thirds majority to reinsure or transfer risks.

Effective - 28 Aug 1939   377.120. Two-thirds majority to reinsure or transfer risks. — No corporation of this state, organized or doing business under the provisions of sections 377.010 to 377.190, shall transfer its risks to or reinsure them in any other corporation, unless the contract of transfer or reinsurance is first submitted to and approved by a two-thirds vote of a meeting of the insured, called to consider the same, of which meeting a written or printed notice shall be mailed to each policy or certificate holder, at least ten days before the day fixed for said meeting; and in case said transfer or reinsurance shall be approved, every policy or certificate holder of said corporation who shall file with the secretary thereof, within five days after said meeting, written notice of his preference to be transferred to some other corporation than that named in the contract, shall be accorded all the rights and privileges in aid of such transfer as would have been accorded under the terms of said contract had he been transferred to the corporation named therein; but no such transfer shall be valid until the terms and conditions shall have been fully submitted to the director of the department of commerce and insurance, and have been approved by him. ­­-------- (RSMo 1939 § 5859)  Prior revisions: 1929 § 5748; 1919 § 6158; 1909 § 6955
MO Rev Stat § 377.150 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.150 - Retaliatory section.

Effective - 28 Aug 1939   377.150. Retaliatory section. — When any other state or country shall impose any obligations upon such corporation, the like obligations shall be imposed and enforced by the department of commerce and insurance of this state upon similar corporations and their agents of such state or country doing business in this state. ­­-------- (RSMo 1939 § 5861)  Prior revisions: 1929 § 5750; 1919 § 6160; 1909 § 6955
MO Rev Stat § 377.160 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.160 - Deposit for costs and expenses.

Effective - 28 Aug 1967   377.160. Deposit for costs and expenses. — Before any foreign insurance company doing business under the assessment plan shall be authorized to do business in this state, it shall deposit, and always keep on deposit, with the director of the department of commerce and insurance of this state, the sum of two thousand dollars, or secure the same to the satisfaction of the director, to indemnify the state against costs and expense for the prosecution of the company for violations of the law, and to pay the costs and expenses of the examination of the company, which the director may make or cause to be made. ­­-------- (RSMo 1939 § 5861, A.L. 1967 p. 516)  Prior revisions: 1929 § 5750; 1919 § 6160; 1909 § 6955
MO Rev Stat § 377.170 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.170 - Acceptance of regular life insurance law by assessment companies — past contracts not affected.

Effective - 28 Aug 1939   377.170. Acceptance of regular life insurance law by assessment companies — past contracts not affected. — 1. Any domestic life or accident insurance corporation, company or association existing or doing business in this state under sections 377.010 to 377.190, providing for insurance on the assessment plan, may, by a majority vote of its directors or trustees, accept the provisions of sections 376.010 to 376.670 and amend its articles of incorporation and its bylaws to conform to said sections, the same as if it had originally been incorporated thereunder, and shall submit a record of the proceedings of its board of trustees together with the amended articles to the attorney general for his examination and approval of the legal form thereof, and shall file such amended articles in the office of the secretary of state, and a certified copy of the same in the office of the director of the department of commerce and insurance of the state of Missouri, and deposit with said director such securities as may be required of corporations originally incorporated under sections 376.010 to 376.670.  2. Insurance corporations, companies and associations complying with the provisions of this section shall thereafter enjoy and exercise all of the rights and privileges accorded by law to companies originally incorporated under sections 376.010 to 376.670.  3. Compliance with this section shall in no wise annul, modify or change any of the existing contracts or obligations of the corporation, and any and all such contracts and liabilities shall continue in force and effect the same as if such corporation had not reincorporated under the provisions of this section, but all contracts and policies made subsequent to the compliance with the provisions of this section shall be interpreted and construed under the provisions of sections 376.010 to 376.670.  4. Compliance with the provisions of this section shall in no wise prejudice, impede or impair any pending action, proceeding or rights previously acquired. ­­-------- (RSMo 1939 § 5869)  Prior revisions: 1929 § 5758; 1919 § 6168
MO Rev Stat § 377.180 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.180 - Not applicable to fraternal societies.

Effective - 28 Aug 1939   377.180. Not applicable to fraternal societies. — Nothing in sections 377.010 to 377.190 shall be so construed as to impair or in any manner to interfere with any of the rights or privileges of any corporation, association or organization doing a life or casualty insurance business in this state under the laws as they now exist; nor as applicable to organizations which conduct their business as fraternal societies on the lodge system, and limit their certificate holders to a particular order or fraternity, or to fraternal beneficiary societies which provide for the relief and benefit of its members or the families, widows, orphans or other kindred dependents of deceased members, or assist such as may be sick or disabled, from the proceeds of assessments upon members of such society or association, and, to that end, issue to its members beneficial certificates, payable at such time and in such manner as shall be therein provided. ­­-------- (RSMo 1939 § 5868)  Prior revisions: 1929 § 5757; 1919 § 6167; 1909 § 6962
MO Rev Stat § 377.190 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.190 - Penalty for false statement.

Effective - 28 Aug 1939   377.190. Penalty for false statement. — Any solicitor, agent or examining physician, who shall knowingly or willfully make any false or fraudulent statement or misrepresentation in or with reference to any application for insurance, or for the purpose of obtaining any money or benefit in any corporation doing business under sections 377.010 to 377.190, shall be guilty of a misdemeanor, and upon conviction shall be punished by a fine of not less than one hundred dollars nor more than five hundred dollars, or imprisonment in the county jail for not less than thirty days nor more than one year, or by both such fine and imprisonment, at the discretion of the court; and any person who shall willfully make a false statement of any material fact or thing in a sworn statement as to death or disability of a certificate holder in any such corporation, for the purpose of procuring payment of a benefit named in the certificate of such holder, shall be guilty of perjury, and shall be proceeded against and punished as provided by the statutes of this state in relation to the crime of perjury. ­­-------- (RSMo 1939 § 5864)  Prior revisions: 1929 § 5753; 1919 § 6163; 1909 § 6958
MO Rev Stat § 377.199 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.199 - No companies formed under sections 377.200 to 377.460 after August 29, 1959.

Effective - 28 Aug 1959   377.199. No companies formed under sections 377.200 to 377.460 after August 29, 1959. — From and after the effective date of this section no stipulated premium plan life insurance company shall be organized or incorporated under the provisions of sections 377.200 to 377.460, but nothing in this section shall be construed as restricting or abridging in any manner the right of any stipulated premium plan life insurance company now incorporated and licensed to do business in this state from continuing to do business under the provisions of sections 377.200 to 377.460. ­­-------- (L. 1959 H.B. 196 § 1)
MO Rev Stat § 377.200 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.200 - Stipulated premium companies defined — penalty for unlawful use of term.

Effective - 28 Aug 2007   377.200. Stipulated premium companies defined — penalty for unlawful use of term. — Any corporation, company or association issuing policies or certificates promising money or other benefits to a member or policyholder, or upon his decease to his legal representatives, or to beneficiaries designated by him, which money or benefit is derived from stipulated premiums collected in advance from its members or policyholders, and from interest and other accumulations and wherein the money or other benefits so realized is applied to or accumulated solely for the use and purposes of the corporation as herein specified, and for the necessary expenses of the corporation, and the prosecution and enlargement of its business, and which shall comply with all the provisions of sections 377.200 to 377.460, shall be deemed to be engaged in the business of life insurance upon the stipulated premium plan and shall be subject only to the provisions of sections 377.200 to 377.460, except that the provisions of chapters 374 and 375, and sections 376.291 to 376.330, 376.675, 376.770 to 376.795*, 376.500 to 376.510, and 376.590 to 376.600 shall be applicable. It shall be unlawful for any corporation, company or association not having complied with the provisions of sections 377.200 to 377.460 to use the term "stipulated premium" in its application or contracts, or to print or write the same in its policies or literature. ­­-------- (RSMo 1939 § 5873, A.L. 1949 p. 310, A.L. 1967 p. 516, A.L. 2007 S.B. 66)  Prior revisions: 1929 § 5762; 1919 § 6172; 1909 § 6966  *Section 376.795 was repealed by H.B. 262, 1967.  (1954) The supervisory powers of the director of insurance under chapter 375, RSMo and particularly §§ 375.560 and 375.640 relating to the power to take charge of and wind up the affairs of insurance companies apply to stipulated premium companies. Old Reliable Soc. v. Leggett, 364 Mo. 630, 265 S.W.2d 302.
MO Rev Stat § 377.210 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.210 - Organization — powers.

Effective - 28 Aug 1939   377.210. Organization — powers. — Any number of persons, not less than seven, a majority of whom being citizens and residents of the state of Missouri, may associate themselves and form a company, for the purpose of making insurance on the lives of individuals, and every insurance pertaining thereto or connected therewith on the stipulated premium plan, as defined and regulated herein, and may provide for indemnity against death or disability of the insured occasioned by sickness, accident, old age or otherwise. ­­-------- (RSMo 1939 § 5870)  Prior revisions: 1929 § 5759; 1919 § 6169; 1909 § 6963