reglab/housing_qa huggingface dataset:
MO Rev Stat § 375.1062 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1062 - Severability.

Effective - 28 Aug 1991   375.1062. Severability. — If any section or portion of a section of sections 375.1025 to 375.1062 or the applicability thereof to any person or circumstance is held invalid by a court, the remainder of such section or sections or the applicability of such provision to other persons or circumstances shall not be affected thereby, and the director shall enforce all remaining requirements of sections 375.1025 to 375.1062. ­­-------- (L. 1991 H.B. 385, et al. § 17)
MO Rev Stat § 375.1070 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1070 - Inapplicability to certain insurers.

Effective - 28 Aug 2015   375.1070. Inapplicability to certain insurers. — Sections 375.1070 to 375.1078 shall not apply to an insurer organized under chapter 376. ­­-------- (L. 1991 H.B. 385, et al. § 18, A.L. 2007 S.B. 66, A.L. 2015 S.B. 164)
MO Rev Stat § 375.1072 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1072 - Definitions.

Effective - 28 Aug 2015   375.1072. Definitions. — As used in sections 375.1070 to 375.1078, the following terms mean:  (1) "Admitted assets", the amount thereof as of the last day of the most recently concluded annual statement year, computed in the same manner as admitted assets in section 379.080 for insurers other than life;  (2) "Aggregate amount of medium to lower quality obligations", the aggregate statutory statement value thereof;  (3) "Institution", a corporation, a joint-stock company, an association, a trust, a business partnership, a business joint venture or similar entity;  (4) "Medium to lower quality obligations", obligations which are rated three, four, five and six by the Securities Valuation Office of the National Association of Insurance Commissioners. ­­-------- (L. 1991 H.B. 385, et al. § 19, A.L. 2007 S.B. 66, A.L. 2015 S.B. 164)
MO Rev Stat § 375.1074 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1074 - Limitation on investments, domestic insurers.

Effective - 28 Aug 2015   375.1074. Limitation on investments, domestic insurers. — Except as otherwise specified by Missouri law, no domestic insurer shall acquire an investment directly or indirectly through an investment subsidiary if, as a result of and after giving effect to the investment, the insurer would hold more than five percent of its admitted assets in the investments of all kinds issued, assumed, accepted, insured, or guaranteed by a single person. ­­-------- (L. 2015 S.B. 164)
MO Rev Stat § 375.1075 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1075 - Limitations on aggregate of medium or lower quality investments, requirements.

Effective - 28 Aug 2007   375.1075. Limitations on aggregate of medium or lower quality investments, requirements. — 1. No domestic insurer shall acquire, directly or indirectly, any medium or lower quality obligation of any institution if, after giving effect to any such acquisition, the aggregate amount of all medium and lower quality obligations then held by the domestic insurer would exceed twenty percent of its admitted assets, and no more than ten percent of its admitted assets consists of obligations rated four, five or six by the Securities Valuation Office, and no more than three percent of its admitted assets consists of obligations rated five or six by the Securities Valuation Office, and no more than one percent of its admitted assets consists of obligations rated six by the Securities Valuation Office. Attaining or exceeding the limit of any one category shall not preclude an insurer from acquiring obligations in other categories subject to the specific and multicategory limits.  2. The provisions of this section shall not prohibit a domestic insurer from acquiring any obligations which it has committed to acquire if the insurer would have been permitted to acquire that obligation pursuant to this section on the date on which such insurer committed to purchase that obligation.  3. Notwithstanding the other provisions of this section, a domestic insurer may acquire an obligation of an institution in which the insurer already has one or more obligations, if the obligation is acquired in order to protect an investment previously made in the obligations of the institution, provided that all such acquired obligations shall not exceed one-half of one percent of the insurer's admitted assets.  4. The board of directors of any domestic insurance company which acquires or invests in, directly or indirectly, medium or lower quality obligations of any institution shall adopt a written plan for the making of such investments. The plan, in addition to guidelines with respect to the quality of the obligations invested in, shall contain diversification standards including, but not limited to, standards for issuer, industry, duration, liquidity and geographic location.  5. No investments in excess of the limitations provided by this act shall be recognized as an asset of the insurer pursuant to section 379.080. ­­-------- (L. 1991 H.B. 385, et al. § 20, A.L. 2007 S.B. 66)
MO Rev Stat § 375.1078 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1078 - Limitation on Canadian investments.

Effective - 28 Aug 2015   375.1078. Limitation on Canadian investments. — 1. No insurer shall acquire, directly or indirectly through an investment subsidiary, a Canadian investment otherwise permitted under Missouri law if, after giving effect to the investment, the aggregate amount of the investments then held by the insurer would exceed twenty-five percent of its admitted assets.  2. For any insurer that is authorized to do business in Canada or that has outstanding insurance, annuity, or reinsurance contracts on lives or risks resident or located in Canada and denominated in Canadian currency, the limitations of subsection 1 of this section shall be increased by the greater of:  (1) The amount the insurer is required by applicable Canadian law to invest in Canada or to be denominated in Canadian currency; or  (2) One hundred twenty-five percent of the amount of the insurer's reserves and other obligations under contracts on risks resident or located in Canada. ­­-------- (L. 2015 S.B. 164)
MO Rev Stat § 375.1082 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1082 - Type of insurance allowed — annual statement, form — requirements for charter, contents of application.

Effective - 28 Aug 1992   375.1082. Type of insurance allowed — annual statement, form — requirements for charter, contents of application. — 1. A risk retention group shall be chartered and licensed to write only liability insurance pursuant to sections 375.1080 to 375.1105 and, except as provided elsewhere in sections 375.1080 to 375.1105, shall comply with all of the laws, rules, regulations and requirements applicable to such insurers chartered and licensed in this state and with section 375.1085 to the extent such requirements are not a limitation on laws, rules, regulations or requirements of this state. Notwithstanding any other provision to the contrary, all risk retention groups chartered in this state shall file with the department and the National Association of Insurance Commissioners an annual statement in a form prescribed by the National Association of Insurance Commissioners, and in disketted form if required by the director, and completed in accordance with its instructions and the National Association of Insurance Commissioners Accounting Practices and Procedures Manual.  2. Before it may offer insurance in any state, each risk retention group shall also submit for approval to the director a plan of operation or feasibility study. The risk retention group shall submit an appropriate revision in the event of any subsequent material change in any item of the plan of operation or feasibility study, within ten days of any such change. The group shall not offer any additional kinds of liability insurance, in this state or in any other state, until a revision of such plan or study is approved by the director.  3. At the time of filing its application for charter, the risk retention group shall provide to the director in summary form the following information: the identity of the initial members of the group, the identity of those individuals who organized the group or who will provide administrative services or otherwise influence or control the activities of the group, the amount and nature of initial capitalization, the coverages to be afforded, and the states in which the group intends to operate. Upon receipt of this information, the director shall forward such information to the National Association of Insurance Commissioners. Providing notification to the National Association of Insurance Commissioners is in addition to and shall not be sufficient to satisfy the requirements of sections 375.1080 to 375.1105. ­­-------- (L. 1991 H.B. 385, et al. § 26, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1087 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1087 - Contributions to guaranty fund prohibited — guaranty fund to cover only specified risks.

Effective - 28 Aug 1991   375.1087. Contributions to guaranty fund prohibited — guaranty fund to cover only specified risks. — 1. No risk retention group shall be required or permitted to join or contribute financially to any insurance insolvency guaranty fund, or similar mechanism, in this state, nor shall any risk retention group, or its insureds or claimants against its insureds, receive any benefit from any such fund for claims arising under the insurance policies issued by such risk retention group.  2. When a purchasing group obtains insurance covering its members' risks from an insurer not authorized in this state or a risk retention group, no such risks, wherever resident or located, shall be covered by any insurance guaranty fund or similar mechanism in this state.  3. When a purchasing group obtains insurance covering its members' risks from an authorized insurer, only risks resident or located in this state shall be covered by any applicable state guaranty funds.  4. The director may require or exempt a risk retention group from participation in any mechanism established or authorized under the laws of this state for the equitable apportionment among insurers of liability insurance losses and expenses incurred on policies written through such mechanism, and such risk retention group shall submit sufficient information to the director to enable the director to apportion on a nondiscriminatory basis the risk retention group's proportionate share of such losses and expenses. ­­-------- (L. 1991 H.B. 385, et al. § 28)
MO Rev Stat § 375.1090 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1090 - Purchasing group subject to insurance laws, exceptions.

Effective - 28 Aug 1991   375.1090. Purchasing group subject to insurance laws, exceptions. — A purchasing group and its insurer or insurers shall be subject to all applicable laws of this state, except that a purchasing group and its insurer or insurers shall be exempt, in regard to liability insurance for the purchasing group, from any law that would:  (1) Prohibit the establishment of a purchasing group;  (2) Make it unlawful for an insurer to provide or offer to provide insurance on a basis providing, to a purchasing group or its members, advantages based on their loss and expense experience not afforded to other persons with respect to rates, policy forms, coverages or other matters;  (3) Prohibit a purchasing group or its members from purchasing insurance on a group basis described in subdivision (2) of this section;  (4) Prohibit a purchasing group from obtaining insurance on a group basis because the group has not been in existence for a minimum period of time or because any member has not belonged to the group for a minimum period of time;  (5) Require that a purchasing group must have a minimum number of members, common ownership or affiliation, or certain legal form;  (6) Require that a certain percentage of a purchasing group must obtain insurance on a group basis;  (7) Otherwise discriminate against a purchasing group or any of its members; or  (8) Require that any insurance policy issued to a purchasing group or any of its members be countersigned by an insurance agent or broker residing in this state. ­­-------- (L. 1991 H.B. 385, et al. § 29)
MO Rev Stat § 375.1092 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1092 - Purchasing group to notify director, contents — designation of director as agent for service of process, exceptions.

Effective - 28 Aug 1992   375.1092. Purchasing group to notify director, contents — designation of director as agent for service of process, exceptions. — 1. A purchasing group which intends to do business in this state shall, prior to doing business, furnish notice to the director, on the forms prescribed by the National Association of Insurance Commissioners for such purpose, which shall:  (1) Identify the state in which the group is domiciled;  (2) Identify all other states in which the group intends to do business;  (3) Specify the lines and classifications of liability insurance which the purchasing group intends to purchase;  (4) Identify the insurance company or companies from which the group intends to purchase its insurance and the domicile of such company;  (5) Specify the method by which, and the person or persons, if any, through whom insurance will be offered to its members whose risks are resident or located in this state;  (6) Identify the principal place of business of the group; and  (7) Provide such other information as may be required by the director to verify that the purchasing group is qualified under subdivision (10) of section 375.1080.  2. A purchasing group shall, within ten days, notify the director of any changes in any of the items set forth in subsection 1 of this section.  3. The purchasing group shall register with and designate the director as its agent solely for the purpose of receiving service of legal documents or process, except that such requirements shall not apply in the case of a purchasing group which only purchases insurance that was authorized under the federal Products Liability Risk Retention Act of 1981; and  (1) Which in any state of the United States was domiciled before April 1, 1986, and is domiciled on and after October 27, 1986;  (2) Which before October 27, 1986, purchased insurance from an insurance carrier licensed in any state, and since October 27, 1986, purchased its insurance from an insurance carrier licensed in any state; or  (3) Which was a purchasing group under the requirements of the Product Liability Risk Retention Act of 1981 before October 27, 1986.  4. Each purchasing group that is required to give notice pursuant to subsection 1 of this section shall also furnish such information as may be required by the director to:  (1) Verify that the entity qualifies as a purchasing group;  (2) Determine where the purchasing group is located; and  (3) Determine appropriate tax treatment.  5. Any purchasing group which was doing business in this state prior to August 28, 1991, shall, within thirty days after August 28, 1991, furnish notice to the director pursuant to the provisions of subsection 1 of this section and furnish such information as may be required pursuant to subsections 2 and 3 of this section. ­­-------- (L. 1991 H.B. 385, et al. § 30, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1095 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1095 - Insurance purchased by purchasing group, requirements.

Effective - 28 Aug 1991   375.1095. Insurance purchased by purchasing group, requirements. — 1. A purchasing group may not purchase insurance from a risk retention group that is not chartered in a state or from an insurer not admitted in the state in which the purchasing group is located, unless the purchase is effected through a licensed agent or broker acting pursuant to the surplus lines laws and regulations of such state.  2. A purchasing group which obtains liability insurance from an insurer not admitted in this state or a risk retention group shall inform each of the members of such group which has a risk resident or located in this state that such risk is not protected by an insurance insolvency guaranty fund in this state, and that such risk retention group or such insurer may not be subject to all insurance laws and regulations of this state.  3. No purchasing group may purchase insurance providing for a deductible or self-insured retention applicable to the group as a whole; however, coverage may provide for a deductible or self-insured retention applicable to individual members.  4. Purchases of insurance by purchasing groups are subject to the same standards regarding aggregate limits which are applicable to all purchases of group insurance. ­­-------- (L. 1991 H.B. 385, et al. § 31)
MO Rev Stat § 375.1097 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1097 - Premium taxes, payment of.

Effective - 28 Aug 1991   375.1097. Premium taxes, payment of. — Premium taxes and taxes on premiums paid for coverage of risks resident or located in this state by a purchasing group or any members of the purchasing groups shall be:  (1) Imposed at the same rate and subject to the same interest, fines and penalties as that applicable to premium taxes and taxes on premiums paid for similar coverage from a similar insurance source by other insureds; and  (2) Paid first by such insurance source, and if not by such source by the agent or broker for the purchasing group, and if not by such agent or broker then by the purchasing group, and if not by such purchasing group then by each of its members. ­­-------- (L. 1991 H.B. 385, et al. § 32)
MO Rev Stat § 375.1100 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1100 - Powers of director.

Effective - 28 Aug 1991   375.1100. Powers of director. — The director may make use of any of the powers established under chapters 374 to 385 to enforce the laws of this state not specifically preempted by the Risk Retention Act of 1986, including the director's administrative authority to investigate, issue subpoena, conduct depositions and hearings, issue orders, impose penalties and seek injunctive relief. With regard to any investigation, administrative proceedings or litigation, the director can rely on the procedural laws of this state. The injunctive authority of the director, in regard to risk retention groups, is restricted by the requirement that any injunction be issued by a court of competent jurisdiction. ­­-------- (L. 1991 H.B. 385, et al. § 33)
MO Rev Stat § 375.1102 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1102 - Broker required for purchase of insurance — nonresident broker acceptable — notice to insured, contents.

Effective - 28 Aug 1991   375.1102. Broker required for purchase of insurance — nonresident broker acceptable — notice to insured, contents. — 1. No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance in this state from a risk retention group unless such person, firm, association or corporation is licensed as an insurance agent or broker in accordance with this chapter.  2. No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance in this state for a purchasing group from an authorized insurer or a risk retention group chartered in a state unless such person, firm, association or corporation is licensed as an insurance agent or broker in accordance with this chapter. No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance coverage in this state for any member of a purchasing group under a purchasing group's policy unless such person, firm, association or corporation is licensed as an insurance agent or broker in accordance with this chapter. No person, firm, association or corporation shall act or aid in any manner in soliciting, negotiating or procuring liability insurance from an insurer not authorized to do business in this state on behalf of a purchasing group located in this state unless such person, firm, association or corporation is licensed as a surplus lines agent or excess line broker in accordance with this chapter.  3. For purposes of acting as a surplus lines agent or broker for a risk retention group or purchasing group pursuant to subsections 1 and 2 of this section, the requirement of residence in this state shall not apply.  4. Every person, firm, association or corporation licensed pursuant to the provisions of chapters 374 to 385, on business placed with risk retention groups or written through a purchasing group, shall inform each prospective insured of the provisions of the notice required by subsection 7 of section 375.1085 in the case of a risk retention group and subsection 3 of section 375.1095 in the case of a purchasing group. ­­-------- (L. 1991 H.B. 385, et al. § 34)
MO Rev Stat § 375.1105 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1105 - Hazardous financial condition of group, prohibited from selling insurance, when — director may establish rules.

Effective - 28 Aug 1991   375.1105. Hazardous financial condition of group, prohibited from selling insurance, when — director may establish rules. — 1. An order issued by any district court of the United States enjoining a risk retention group from soliciting or selling insurance, or operating in any state, or in all states or in any territory or possession of the United States, upon a finding that such a group is in hazardous financial or financially impaired condition shall be enforceable in the courts of the state.  2. The director may establish and from time to time amend such rules relating to risk retention groups as may be necessary or desirable to carry out the provisions of sections 375.1080 to 375.1105. ­­-------- (L. 1991 H.B. 385, et al. § 35)
MO Rev Stat § 375.1110 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1110 - Citation of law.

Effective - 01 Jul 1992   375.1110. Citation of law. — Sections 375.1110 to 375.1140 may be cited as the "Reinsurance Intermediary Act". ­­-------- (L. 1991 H.B. 385, et al. § 37)  Effective 7-01-92