reglab/housing_qa huggingface dataset:
MO Rev Stat § 377.220 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.220 - Articles of agreement — approval — filing — issuance of certificate.

Effective - 28 Aug 1963   377.220. Articles of agreement — approval — filing — issuance of certificate. — 1. The persons mentioned in section 377.210 shall be designated as corporators, and such persons shall associate themselves by articles of agreement, in writing, duly signed and acknowledged, setting forth:  (1) The corporate name of the proposed corporation, which shall not be the name of any corporation heretofore incorporated or doing business in this state for similar purposes, or any such imitation of such name calculated to mislead the public;  (2) The name of the city, town or county in which the principal office is located;  (3) The amount of the capital stock of the corporation, provided the same be a stock company, which shall not be less than fifty thousand dollars and a surplus of not less than fifty thousand dollars, the number of shares into which the capital stock is divided, and the par value thereof, that the same has been bona fide subscribed, and actually paid up in lawful money of the United States, and is in the custody of the persons named as the first board of directors; the name and place of the several shareholders and the number of shares subscribed by each;  (4) The number of the board of directors or managers, which shall be not less than seven, their powers and duties and the names agreed upon for the first year;  (5) The number of years the corporation is to continue;  (6) A statement that the company is formed for the purpose of carrying on the business of insurance under the provisions of sections 377.200 to 377.460;  (7) Any other provision of this section notwithstanding, a stipulated premium life insurance company licensed to do business in this state on October 13, 1963, may renew its license for business specified therein until December 31, 1965, by maintaining in lieu of the capital and surplus requirements an actual capital of at least twenty-five thousand dollars.  2. Said articles of agreement shall be submitted to the director of the department of commerce and insurance and attorney general, and if they are found by these officers to comply with the provisions of sections 377.200 to 377.460, they shall approve the same.  3. When approved, they shall be filed and recorded in the office of the secretary of state, who shall issue a certificate of incorporation, upon the receipt of which such persons shall be a body corporate and politic, under the statutes of this state. ­­-------- (RSMo 1939 § 5871, A.L. 1963 p. 485)  Prior revisions: 1929 § 5760; 1919 § 6170; 1909 § 6964
MO Rev Stat § 377.230 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.230 - Completion of organization.

Effective - 28 Aug 1939   377.230. Completion of organization. — 1. No such corporation, company or association shall commence the business of life insurance until at least two hundred persons, eligible under the proposed plan of organization, shall have subscribed, in writing, to be insured therein in the aggregate amount of at least two hundred and fifty thousand dollars, and shall have each paid, in cash, the amount of one annual stipulated net premium for their age at entry on the amount of insurance severally subscribed for, and which shall be held in trust for the benefit of the members of said corporation or their beneficiaries; nor until the director of the department of commerce and insurance and attorney general shall have further certified that it has complied with the provisions of sections 377.200 to 377.460, and is authorized to transact the business of insurance; provided, however, that every corporation incorporating or reincorporating under the provisions of sections 377.200 to 377.460 shall deposit with the director of the department of commerce and insurance such securities as are required by law to be deposited by insurance companies, the sum of five thousand dollars, before it shall commence business.  2. Said five thousand dollars shall be a part of the insurance fund and an asset of the corporation.  3. The securities deposited with the department of commerce and insurance pursuant to this section shall be held by the director in trust for the benefit and protection of and as security for the policyholders of such corporation, their legal representatives and beneficiaries. ­­-------- (RSMo 1939 § 5872)  Prior revisions: 1929 § 5761; 1919 § 6171; 1909 § 6965
MO Rev Stat § 377.240 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.240 - Withdrawals of securities upon relinquishment of business.

Effective - 28 Aug 1939   377.240. Withdrawals of securities upon relinquishment of business. — 1. When any such corporation, company or association shall desire to relinquish its business in this state, the director shall, on application of such corporation under oath of its president or principal officer and secretary or actuary, give notice of such intention at least twice in a newspaper of general circulation published at the state capitol.  2. After such publication he shall deliver up to said corporation the securities, or any portion thereof, held by him belonging to such corporation upon being satisfied that all the debts and liabilities of every kind are paid or provided for. ­­-------- (RSMo 1939 § 5892)  Prior revisions: 1929 § 5781; 1919 § 6191; 1909 § 6985  CROSS REFERENCE:  Withdrawal of securities, 375.480
MO Rev Stat § 377.250 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.250 - Minimum premiums.

Effective - 28 Aug 1939   377.250. Minimum premiums. — 1. Every corporation, company or association doing business under the provisions of sections 377.200 to 377.460 shall charge a mortuary premium at least equal to that of yearly term insurance at age of entry according to the actuaries' or combined experience mortality table, with interest at four percent, and such mortuary premium shall be increased by a loading of not less than twenty percent for age twenty and all ages under twenty, and one percent additional for each additional year of age, renewable term policies excepted from such loading.  2. Said premium may be paid annually, semiannually, quarterly, bimonthly or monthly in advance. ­­-------- (RSMo 1939 § 5874)  Prior revisions: 1929 § 5763; 1919 § 6173; 1909 § 6967  (1954) Where policy fee which was collected from applicant for insurance and retained by agent had the effect of continuing insurance in force for given period, it constituted part of first year's premium, and the period it covers must be deducted from the year so that amount of annual premium later collected insofar as it exceeded one full year's premium when added to policy fee must be credited to insurance fund established under § 377.260. Old Reliable Soc. v. Leggett, 364 Mo. 630, 265 S.W.2d 302.
MO Rev Stat § 377.260 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.260 - Emergency fund — extra premium — commutation of policies.

Effective - 28 Aug 1939   377.260. Emergency fund — extra premium — commutation of policies. — 1. After the first policy year the mortuary premium, according to the terms of premium payments of each policy, with the loading of the same as provided in section 377.250, together with all interest and other accumulations of said fund, except the special loading for limited payment policies, with interest thereon as provided in section 377.270, shall constitute the insurance fund of the corporation, company, or association from which all policy obligations shall be paid, and the amount remaining in said fund not required to provide for death, disability and other policy claims, shall be set aside as an emergency fund, and may be deposited with the department of commerce and insurance.  2. If by any reason of excessive mortality, or other cause, the emergency fund as thus constituted shall become exhausted, then the director of the department of commerce and insurance shall require the officers of such corporation, company or association to notify all policyholders on or before the first of the next succeeding month to pay, within thirty days from the mailing of such notice, an extra premium, sufficient to meet the amount of the maximum policy issued apportioned equitably.  3. If any member fails to pay such extra premium within the time named his policy shall be commuted proportionately, and the policy as thus commuted shall be the maximum amount for which the corporation shall be liable under said policy. Said thirty days' notice shall clearly state the proportionate amount due from the insured, and shall contain the further statement that in the event of failure to pay the same within thirty days said policy will be commuted as aforesaid. ­­-------- (RSMo 1939 § 5875)  Prior revisions: 1929 § 5764; 1919 § 6174; 1909 § 6968  (1954) Insurance fund is created solely by crediting to it premiums paid after the first policy year and first year premiums constitute a trust or reserve fund. Old Reliable Soc. v. Leggett, 364 Mo. 630, 265 S.W.2d 302.
MO Rev Stat § 377.270 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.270 - Limited payment policies — reserve — deposit.

Effective - 28 Aug 1939   377.270. Limited payment policies — reserve — deposit. — 1. Any corporation, company or association transacting business under the provisions of sections 377.200 to 377.460 may issue limited payment or any form of investment policies; provided, that the premiums shall not be less than the net term rate for the kind of policy issued, increased by such sum as will, improved at four percent, equal the net single premium for the attained age, at the end of the paying term of the policy, according to the actuaries' or combined experience table of mortality on which its calculations are based.  2. Said increase of premium shall be reserved in a separate fund for the purpose of sustaining such policies after the cessation of premium payments, and shall be deposited with the department of commerce and insurance in such securities as are now required by law.  3. If any such corporation doing business under the provisions of sections 377.200 to 377.460 shall fail to state in its limited payment policies the portion of each of the premiums to be held by it for the purpose of sustaining the policy after the years during which the premiums are to be paid, then all such limited payment policies or investment policies that may be issued shall be valued according to the actuaries' or combined experience table and interest at four percent. ­­-------- (RSMo 1939 § 5876)  Prior revisions: 1929 § 5765; 1919 § 6175; 1909 § 6969  (1954) Where stipulated premium company took over assets and assumed liabilities of former funeral benefit societies, the membership and benefit certificates originally issued by such societies became limited payment life insurance policies with § 377.270 and company was required to maintain account and reserves for each such certificate in the same manner as if the certificate was originally issued by the stipulated premium company. Old Reliable Soc. v. Leggett, 364 Mo. 630, 265 S.W.2d 302. (1968) Reserves deposited by insurance company with the superintendent of insurance for the benefit of policyholders are not included in the language "par value of its outstanding shares and surplus" contained in the franchise tax law and are not to be included in the computation of franchise tax liability of insurance companies. American Life and Accident Insurance Co. v. Love (Mo.), 431 S.W.2d 177.
MO Rev Stat § 377.280 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.280 - Surrender values.

Effective - 28 Aug 1939   377.280. Surrender values. — Any corporation, company or association transacting business under the provisions of sections 377.200 to 377.460, may allow cash values on its policies or the equivalent of the cash value in extended or paid-up insurance to the extent of the unused portion of the emergency fund equitably apportioned at the dates of surrender, and may allow fixed cash values on its limited payment or investment policies, or the equivalent of the cash value in extended or paid-up insurance; provided, the amount to be set apart for such fixed cash value or its equivalent is plainly stated in the policy; and provided further, that such fixed cash value shall not be in excess of the portion of the premium with interest accretions thereon collected for that purpose. ­­-------- (RSMo 1939 § 5877)  Prior revisions: 1929 § 5766; 1919 § 6176; 1909 § 6970
MO Rev Stat § 377.290 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.290 - Distribution of surplus.

Effective - 28 Aug 1939   377.290. Distribution of surplus. — Any corporation, company or association may provide for a return of any surplus accumulations on its limited payment or investment policies, which may be returned as a dividend, or in extended, paid-up or increased insurance. ­­-------- (RSMo 1939 § 5878)  Prior revisions: 1929 § 5767; 1919 § 6177; 1909 § 6971
MO Rev Stat § 377.300 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.300 - Policy to specify amount to be paid — effect of refusal to pay.

Effective - 28 Aug 1939   377.300. Policy to specify amount to be paid — effect of refusal to pay. — 1. Every policy hereafter issued by any corporation, company or association doing business under the provisions of sections 377.200 to 377.460 and promising any payments to be made upon a contingency provided for in sections 377.200 to 377.460, shall specify the sum of money which it promises to pay upon each contingency insured against and the time or times of payment after satisfactory proof of the happening of such contingency, unless the contract shall have been voided by fraud or breach of its conditions and warranties, or commuted, as provided for in section 377.260, the company shall be obligated to the beneficiaries of the insured for such payment at the time or times specified and to the amount due under the policy.  2. If any company fail or refuse to make such payment for ninety days after final judgment has been obtained under such claim, the director or other officer charged with the supervision of insurance matters shall notify the company to issue no new policies until such indebtedness is fully paid, and no officer or agent of the company shall make, sign or issue any policy of insurance while such notice is in force. ­­-------- (RSMo 1939 § 5879)  Prior revisions: 1929 § 5768; 1919 § 6178; 1909 § 6972
MO Rev Stat § 377.310 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.310 - Examinations — beneficiary — change in beneficiary — charitable, benevolent, educational and religious organizations have insurable interest — fraud or coercion, exception.

Effective - 28 Aug 1997   377.310. Examinations — beneficiary — change in beneficiary — charitable, benevolent, educational and religious organizations have insurable interest — fraud or coercion, exception. — 1. No corporation, company or association transacting business pursuant to sections 377.200 to 377.460 shall issue a certificate or policy to any person until the applicant has been examined by a physician duly licensed and appointed by the company as its medical examiner, nor unless the beneficiary named in the certificate or policy is the husband, wife, legal representative, relative, heir, creditor or legatee of the insured, or who may have an insurable interest in the insured.  2. The beneficiary named in the certificate or policy may be changed as may be provided for in the articles of incorporation or bylaws, except that no change shall be made from a wife to a creditor without her written consent.  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 § 5882, A. 1949 H.B. 2094, A.L. 1992 H.B. 1574, A.L. 1997 H.B. 622)  Prior revisions: 1929 § 5771; 1919 § 6181; 1909 § 6975
MO Rev Stat § 377.320 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.320 - Policy incontestable after one year.

Effective - 28 Aug 1949   377.320. Policy incontestable after one year. — In the event of death after any policy of insurance has been issued by any corporation, company or association, doing business under the provisions of sections 377.200 to 377.460, and after the policy has been in force for the period of one full year, then such policy of insurance shall be incontestable for any cause. ­­-------- (RSMo 1939 § 5882, A. 1949 H.B. 2094)  Prior revisions: 1929 § 5771; 1919 § 6181; 1909 § 6975  (1960) Alleged misrepresentations in obtaining policy cannot be considered after expiration of time fixed by policy and statute when policy became incontestable. Western Life Ins. Co. v. White (A.), 331 S.W.2d 19. (1960) Where application for reinstatement contained misrepresentation regarding insured's insurability, health, and consultation of doctors and at the time it was made insured was suffering a fatal malady, this section would not bar insurance company from contesting validity of policy since policy had not been in force for one year after reinstatement. Randall v. Western Life Ins. Co. (A.), 336 S.W.2d 125.
MO Rev Stat § 377.330 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.330 - Proceeds not liable for debts.

Effective - 28 Aug 1939   377.330. 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 377.200 to 377.460, 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 of any beneficiary named in a policy or certificate. ­­-------- (RSMo 1939 § 5883)  Prior revisions: 1929 § 5772; 1919 § 6182; 1909 § 6976  (1955) Where endowment life insurance contract at time of its assignment to insured's wife had cash surrender value exceeding income taxes due and where only two premiums remained to be paid, and where such premiums were later paid and policy matured, the proceeds thereof were subject to be seized for the enforcement of income tax liens. Reinicke v. Commr. of Internal Revenue, 220 F.2d 406.
MO Rev Stat § 377.340 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.340 - Misrepresentations.

Effective - 28 Aug 1939   377.340. Misrepresentations. — No representation made in obtaining or securing a policy of insurance on the life or lives of any person or persons shall be deemed material, or render the policy void, unless the matter misrepresented shall have actually contributed to the contingency or event on which the policy is to become due and payable, and if so contributed in any case, shall be a question for the jury. ­­-------- (RSMo 1939 § 5893)  Prior revisions: 1929 § 5782; 1919 § 6192; 1909 § 6986  (1960) Where application for insurance stated that the insured was in good health at the time of the application whereas, in fact, he was suffering from cystitis, a kidney disease, and prostatitis, the policy could have been voided during his lifetime but after his death from a coronary occlusion of ten minutes duration the misrepresentations were immaterial and constituted no defense to an action on the policy. Snead v. Union Life Insurance Co. (A.), 340 S.W.2d 184.  (1965) Missouri's "misrepresentation" statute applies to insurance policies, and insurer has burden of showing falsity of answer given on application. Mahn v. American Life and Accident Insurance Company (A.), 390 S.W.2d 573.
MO Rev Stat § 377.350 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.350 - Copy of application.

Effective - 28 Aug 1939   377.350. Copy of application. — Every corporation, company or association transacting business under the provisions of sections 377.200 to 377.460 shall, upon the issuance of every policy, attach to such policy or endorse thereon the substance of the application upon which such policy was issued, and which is made a part of the contract of insurance, or referred to therein, or which may in any manner affect the validity of such policy. ­­-------- (RSMo 1939 § 5885)  Prior revisions: 1929 § 5774; 1919 § 6184; 1909 § 6978
MO Rev Stat § 377.360 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance|Section 377.360 - Discriminations prohibited — duty of director and attorney general.

Effective - 28 Aug 1939   377.360. Discriminations prohibited — duty of director and attorney general. — 1. No corporation, company or association transacting business under the provisions of sections 377.200 to 377.460 shall make any discrimination in favor of holders of the same kind of policies, or persons of the same expectation of life, neither in the amount of premiums charged nor in any return of premiums, dividends or other advantages.  2. No agent of such corporation shall make any contract for insurance or agreement as to such contract, other than that which is plainly expressed in the policy issued.  3. If it shall appear to the satisfaction of the director or other official charged with the supervision of insurance matters, that any corporation, company or association is issuing policies or contracts that are in violation of this section, he shall report the same to the attorney general, who shall require such corporation and its officers and agents within thirty days to refrain from issuing any such policy or contract.  4. If any corporation or officer or agent thereof shall fail to comply with the provisions of this section and with the demand of the attorney general, that officer shall at once institute such proceedings at law as may be necessary to restrain such violation of this section. ­­-------- (RSMo 1939 § 5888)  Prior revisions: 1929 § 5777; 1919 § 6187; 1909 § 6981  CROSS REFERENCE:  Discrimination and rebates prohibited, penalty, 376.500, 376.510