reglab/housing_qa huggingface dataset:
MO Rev Stat § 379.1382 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1382 - Issuance of securities — approved activities by director.

Effective - 28 Aug 2007   379.1382. Issuance of securities — approved activities by director. — 1. A SPLRC may issue securities, subject to and in accordance with applicable law, its approved plan of operation and its organizational documents. A SPLRC may enter into and perform all its obligations under any required contract to facilitate the issuance of these securities.  2. Subject to the approval of the director, a SPLRC may:  (1) Account for the proceeds of surplus notes as surplus and not debt for purposes of statutory accounting; and  (2) Submit for prior approval of the director periodic written requests for payments of interest on and repayments of principal of surplus notes.  3. The director may approve formulas for the ongoing payment of interest payments or principal repayments, or both.  4. The obligation to repay principal or interest, or both, on the securities issued by the SPLRC must reflect the risk associated with the reinsurance obligations assumed by the SPLRC.  5. The approval given for the ongoing payment of interest or the repayment of principal related to any securities or surplus notes, as outlined in the plan of operations, may only be revoked or otherwise modified by the director in the event the performance of the insurance business assumed by the SPLRC under the SPLRC contract is demonstrated by the director to be following a scenario as to mortality, morbidity, investment, or lapse experience that will cause the SPLRC to fail to meet its obligations under the SPLRC contract. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1385 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1385 - Management of assets.

Effective - 28 Aug 2007   379.1385. Management of assets. — A SPLRC's assets must be managed in accordance with an investment management agreement filed with and approved by order of the director. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1388 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1388 - Recognition of admitted assets — value of assets.

Effective - 28 Aug 2009   379.1388. Recognition of admitted assets — value of assets. — 1. A SPLRC may recognize as an admitted asset on its financial statements filed with the director:  (1) Permitted investments;  (2) Letters of credit;  (3) Financial guarantee policies issued for the sole benefit of the ceding company by an insurer having a rating of no less than AAA by Standard and Poor's or less than AAA by Moody's Investor Service; and  (4) Surety bonds issued for the sole benefit of the ceding company by an insurer having a rating of no less than AAA by Standard and Poor's or no less than AAA by Moody's Investors Service.  2. (1) The assets of a SPLRC shall be valued in the same manner as the assets of a Missouri domestic life insurer; however, letters of credit, financial guarantee policies, and surety bonds issued without recourse to the SPLRC, or with recourse to the SPLRC with a priority no higher than afforded to class 7 claims under section 375.1218, shall be valued as follows. Letters of credit shall be valued at the amount available for drawings by the SPLRC or its ceding company as of the time of valuation. A financial guarantee policy shall be valued at the amount available to pay aggregate claims as of the time of valuation. A surety bond shall be valued at the amount available to pay aggregate claims as of the time of valuation.  (2) Notwithstanding the preceding, the director may by order authorize a SPLRC to value one or more of its assets through an alternative method. ­­-------- (L. 2007 S.B. 215, A.L. 2009 H.B. 577)
MO Rev Stat § 379.1391 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1391 - Prohibited acts.

Effective - 28 Aug 2007   379.1391. Prohibited acts. — A SPLRC shall not:  (1) Enter into a SPLRC contract with a person that is not licensed or otherwise authorized to transact the business of insurance or reinsurance in at least its state or country of domicile;  (2) Lend or otherwise invest or place in custody, trust or under management any of its assets with, or to borrow money or receive a loan from, other than according to the plan of operation filed with and approved by the director. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1394 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1394 - Dividend-payments, limitations.

Effective - 28 Aug 2007   379.1394. Dividend-payments, limitations. — 1. A SPLRC may not declare or pay dividends in any form to its owners other than in accordance with the transaction agreements.  2. Dividends may not decrease the capital of the SPLRC below the minimum initial capital requirement.  3. After giving effect to the dividends the assets of the SPLRC, including assets held in trust and letters of credit issued for the exclusive benefit of the SPLRC, must be sufficient to satisfy the director that it can meet its obligations.  4. Approval of the director for ongoing dividends of other distributions must be conditioned upon the retention at the time of each payment of capital or surplus equal to or in excess of amounts specified by or determined in accordance with formulas approved for the SPLRC by the director.  5. Dividends may be declared by the management of the SPLRC provided that the dividend amount or form does not violate the provisions of sections 379.1353 to 379.1421 or jeopardize the fulfillment of the obligations of the SPLRC. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1397 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1397 - Changes in plan of operation, directors approval required.

Effective - 28 Aug 2007   379.1397. Changes in plan of operation, directors approval required. — Any material changes to a SPLRC's plan of operation shall require the prior written approval of the director. However, if initially approved in the plan of operation, the subsequent issuance of securities, additional financing, substitution of a party to a swap transaction with a party of similar rating or the inclusion of additional business under a SPLRC contract shall not be considered a material change. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1400 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1400 - Affiliated agreements to be filed with director.

Effective - 28 Aug 2007   379.1400. Affiliated agreements to be filed with director. — Copies of all completed affiliated agreements to which the SPLRC is a party, including but not limited to the SPLRC contract or contracts and any ceded reinsurance agreements to which the SPLRC is a party must be filed with the director within thirty days of their execution. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1403 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1403 - Audited financial report required, requirements.

Effective - 28 Aug 2007   379.1403. Audited financial report required, requirements. — 1. No later than five months after the fiscal year end of the SPLRC, the SPLRC shall file with the director an audited financial report by an independent certified public accountant of the financial statements of the SPLRC and any trust accounts established for the benefit of the ceding company to secure reserve credits for the ceding company.  2. The SPLRC shall file by March first of each year financial information using statutory accounting principles with useful or necessary modifications or adaptations required or approved by the director, as supplemented by additional information as required by the director. Financial information must include:  (1) Income statement;  (2) Balance sheet, and if required;  (3) A detailed listing of invested assets. ­­The filing may also include RBC calculations and other adjusted capital calculations to assist the director. The statements must be prepared on forms required by the director. In addition, the director may require the filing of performance assessments of the SPLRC contract. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1406 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1406 - Examination required, when, procedure.

Effective - 28 Aug 2007   379.1406. Examination required, when, procedure. — An SPLRC must be examined by the director at least once every five years and no more frequently than once every three years. In addition, the director may also examine an SPLRC in the event of an event of insolvency. The SPLRC shall pay to the director the expenses and costs of the examination as outlined in section 374.160. Neither reports, copies of documents obtained nor preliminary work and working papers may be disclosed without the prior written consent of the SPLRC. Such materials shall remain confidential and are not subject to subpoena. Nothing in this section shall prevent the director from using materials created during the examination or obtained during the examination in furtherance of the director's regulatory authority granted under sections 379.1353 to 379.1421. The director may grant access to materials obtained or created during examinations conducted under this section to public officers having jurisdiction over the regulation of insurance in another state, the federal government or another country, including a securities regulatory authority, if the officers receiving the information agree in writing to hold such information in confidence and in a manner consistent with this section. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1409 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1409 - Record-keeping requirements.

Effective - 28 Aug 2007   379.1409. Record-keeping requirements. — The SPLRC shall maintain its books and records in the state and make the same available at any time for examination by the director. Notwithstanding the preceding, original books and records may be kept outside of the state, if a plan is adopted by the SPLRC and approved by the director whereby copies are maintained in the state with originals kept at another specified location. Records must be maintained for examination purposes until authorization to destroy is received from the director. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1415 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1415 - Confidentiality of records, exceptions.

Effective - 28 Aug 2007   379.1415. Confidentiality of records, exceptions. — Information filed with the director is confidential and may not be disclosed without the prior written consent of the SPLRC, except:  (1) Information is discoverable in civil litigation provided:  (a) The SPLRC is found by the court to be a necessary party;  (b) The party seeking the information demonstrates by a clear and convincing standard that the information sought is relevant and necessary; and  (c) Where it is unavailable from other nonconfidential sources;  (2) The director may disclose the information to insurance regulators if:  (a) The regulator agrees in writing to maintain the confidentiality of the information; and  (b) The laws of the state in which the regulator serves preserve confidentiality of the information;  (3) In addition, the director may also disclose information to the Securities Exchange Commission if:  (a) The SEC agrees in writing to maintain the confidentiality of the information; and  (b) The SEC is authorized under securities law to request the information or the director is obligated to disclose the information. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1421 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1421 - Rulemaking authority.

Effective - 28 Aug 2007   379.1421. Rulemaking authority. — The director may promulgate all rules and regulations necessary to effectuate the purposes of sections 379.1353 to 379.1421. No regulations promulgated under this authority shall affect SPLRC contracts or other transactions approved prior to the effective date of such rules. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly under chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2007, shall be invalid and void. ­­-------- (L. 2007 S.B. 215)
MO Rev Stat § 379.1500 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1500 - Definitions.

Effective - 01 Jan 2012   379.1500. Definitions. — As used in sections 379.1500 to 379.1550, the following terms shall mean:  (1) "Director", the director of the department of commerce and insurance;  (2) "Insurance company" or "insurer", any person, reciprocal exchange, interinsurer, or any other legal entity licensed and authorized by the director to write inland marine coverage;  (3) "Insurance producer" or "producer", a person required to be licensed under the laws of this state to sell, solicit, or negotiate insurance;  (4) "License", the same meaning as such term is defined in section 375.012;  (5) "Location", any physical location in this state or any website, call center site, or similar location directed to residents of this state;  (6) "Negotiate", the same meaning as such term is defined in section 375.012;  (7) "Person", an individual or business entity;  (8) "Portable electronics", electronic devices that are portable in nature, their accessories, and services related to the use of the device. Portable electronics does not include telecommunication and cellular equipment used by a telecommunication company to provide telecommunication service to consumers;  (9) "Portable electronics insurance", an insurance policy issued by an insurer which may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics under which individual customers may elect to enroll for coverage for the repair or replacement of portable electronics which may cover portable electronics against any one or more of the following causes of loss: loss, theft, mechanical failure, malfunction, damage, or other applicable perils, but does not include:  (a) A service contract governed by sections 385.300 to 385.321;  (b) A policy of insurance covering a seller's or manufacturer's obligations under a warranty; or  (c) A homeowner's, renter's, private passenger automobile, commercial multiperil, similar policy, or endorsement to such policy that covers any portable electronics;  (10) "Portable electronics insurance license", a license to sell or solicit portable electronics insurance;  (11) "Portable electronics transaction", the sale or lease of portable electronics by a vendor to a customer or the sale of a service related to the use of portable electronics by a vendor to a customer;  (12) "Sell", the same meaning as such term is defined in section 375.012;  (13) "Solicit", the same meaning as such term is defined in section 375.012;  (14) "Supervising business entity", the insurer or a licensed business entity producer designated by the insurer to supervise the actions of a vendor;  (15) "Vendor", a person in the business of engaging in portable electronics transactions directly or indirectly. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 379.1505 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1505 - Vendor license required — application, fee — termination date.

Effective - 01 Jan 2012   379.1505. Vendor license required — application, fee — termination date. — 1. No vendor shall sell or solicit portable electronics insurance coverage in this state unless such vendor has obtained a portable electronics insurance license.  2. A vendor applying for a portable electronics insurance license shall make application to the director on the prescribed form as required. On the prescribed form, the vendor shall be required to provide the name for an employee or officer of the vendor that is designated by the vendor as the person responsible for the vendor's compliance with the requirements of this section and such designated responsible person shall not be required to hold an insurance producer license. Such license shall authorize an employee or authorized representative of a vendor to sell or offer coverage under a policy of portable electronics insurance to a customer at each location at which the vendor engages in a portable electronics transaction.  3. Any vendor licensed under sections 379.1500 to 379.1550 shall pay an initial license fee to the director in an amount prescribed by the director by rule, but not to exceed one thousand dollars, and shall pay a renewal fee in an amount prescribed by the director by rule, but not to exceed five hundred dollars. License fees shall be deposited in the insurance dedicated fund.  4. Notwithstanding any provision of sections 375.012 to 375.018, a portable electronics insurance license, if not renewed by the director by its expiration date, shall terminate on its expiration date and shall not after such date authorize its holder to sell or solicit any portable electronics insurance under sections 379.1500 to 379.1550. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 379.1515 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1515 - Insurance producers act, applicability of.

Effective - 01 Jan 2012   379.1515. Insurance producers act, applicability of. — Persons licensed as vendors shall be subject to the provisions of sections 375.012 to 375.014, 375.018, 375.031, 375.046, 375.051, 375.052, 375.071, 375.106, 375.116, 375.141, and 375.144 of the insurance producers act. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 379.1520 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1520 - Sanctioning of license, when — penalties, when.

Effective - 01 Jan 2012   379.1520. Sanctioning of license, when — penalties, when. — 1. The director may suspend, revoke, or refuse to issue* any license or renew any license required by the provisions of sections 379.1500 to 379.1550 for any reason listed in section 375.141 or for any one or more of the following causes:  (1) Use of any advertisement or solicitation that is false, misleading, or deceptive to the general public or persons to whom the advertisement or solicitation is primarily directed;  (2) Obtaining or attempting to obtain any fee, charge, tuition, or other compensation by fraud, deception, or misrepresentation;  (3) Violation of any professional trust or confidence.  2. The director may impose other penalties that the director deems necessary and reasonable to carry out the purposes of sections 379.1500 to 379.1550, including:  (1) Suspending the privilege of transacting portable electronics insurance under sections 379.1500 to 379.1550 at specific locations where violations have occurred; and  (2) Suspending or revoking the ability of individual employees or authorized representatives to act under the license. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12  *Words "refuse to issue, or refuse to issue" appear in original rolls.
MO Rev Stat § 379.1525 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1525 - Vendor investigation and examination requirements.

Effective - 01 Jan 2012   379.1525. Vendor investigation and examination requirements. — Vendors shall be subject to the investigation and examination provisions of section 374.190. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 379.1530 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1530 - Premiums, received by insurer, when — proof of purchase, insurer may require.

Effective - 01 Jan 2012   379.1530. Premiums, received by insurer, when — proof of purchase, insurer may require. — Premiums received by a vendor or supervising business entity shall be deemed received by the insurer. Insurers may require consumers to provide proof of purchase. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 379.1535 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1535 - Violations, director's authority.

Effective - 01 Jan 2012   379.1535. Violations, director's authority. — If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice, or course of business constituting a violation of sections 379.1500 to 379.1550 or rule adopted or order issued thereunder, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 379.1500 to 379.1550, or a rule adopted or order issued thereunder, the director may:  (1) Issue such administrative orders as authorized under section 374.046; or  (2) Maintain a civil action for relief authorized under section 374.048. ­­A violation of sections 379.1500 to 379.1550 or rule adopted or order issued thereunder is a level two violation under section 374.049. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12
MO Rev Stat § 379.1540 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 379 - Insurance Other Than Life|Section 379.1540 - Supervising business entity, sanctioning of license, when.

Effective - 01 Jan 2012   379.1540. Supervising business entity, sanctioning of license, when. — The license of a supervising business entity may be suspended, revoked, renewal refused, or an application refused if the director finds that a violation by a portable electronics insurance vendor was known or should have been known by the supervising business entity and the violation was neither reported to the director nor correction action taken. A violation of this section is a level three violation under section 374.049. ­­-------- (L. 2011 S.B. 132)  Effective 1-01-12