reglab/housing_qa huggingface dataset:
MO Rev Stat § 375.1117 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1117 - Transactions between insurer and broker, written authorization required — contents.

Effective - 01 Jul 1992   375.1117. Transactions between insurer and broker, written authorization required — contents. — Transactions between an RB and the insurer it represents in such capacity shall only be entered into pursuant to a written authorization, specifying the responsibilities of each party. The authorization shall, at a minimum, contain provisions that:  (1) The insurer may terminate the RB's authority at any time;  (2) The RB shall render accounts to the insurer accurately detailing all material transactions, including information necessary to support all commissions, charges and other fees received by or owing to the RB, and remit all funds due to the insurer within thirty days of receipt;  (3) All funds collected for the insurer's account shall be held by the RB in a fiduciary capacity in a bank which is a qualified United States financial institution;  (4) The RB shall comply with section 375.1120;  (5) The RB shall comply with the written standards established by the insurer for the cession or retrocession of all risks;  (6) The RB shall disclose to the insurer any relationship with any reinsurer to which business will be ceded or retroceded. ­­-------- (L. 1991 H.B. 385, et al. § 40)  Effective 7-01-92
MO Rev Stat § 375.1120 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1120 - Records to be maintained by broker, duration — contents.

Effective - 01 Jul 1992   375.1120. Records to be maintained by broker, duration — contents. — 1. For at least twenty-three years after expiration of each contract of reinsurance of medical malpractice insurance and transacted by the RB, and for at least ten years after expiration of each contract of reinsurance or any other insurance transacted by the RB, the RB shall keep a complete record for each transaction showing:  (1) The type of contract, limits, underwriting restrictions, classes or risks and territory;  (2) Period of coverage, including effective and expiration dates, cancellation provisions and notice required of cancellation;  (3) Reporting and settlement requirements of balances;  (4) Rate used to compute the reinsurance premium;  (5) Names and addresses of assuming reinsurers;  (6) Rates of all reinsurance commissions, including the commissions on any retrocessions handled by the RB;  (7) Related correspondence and memoranda;  (8) Proof of placement;  (9) Details regarding retrocessions handled by the RB including the identity of retrocessionaires and percentage of each contract assumed or ceded;  (10) Financial records, including, but not limited to, premium and loss accounts; and  (11) When the RB procures a reinsurance contract on behalf of a licensed ceding insurer:  (a) Directly from any assuming reinsurer, written evidence that the assuming reinsurer has agreed to assume the risk; or  (b) If placed through a representative of the assuming reinsurer, other than an employee, written evidence that such reinsurer has delegated binding authority to the representative.  2. The insurer shall have access and the right to copy and audit all accounts and records maintained by the RB related to its business in a form usable by the insurer. ­­-------- (L. 1991 H.B. 385, et al. § 41)  Effective 7-01-92
MO Rev Stat § 375.1122 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1122 - Insurer's use of broker, restrictions — financial condition statement required.

Effective - 01 Jul 1992   375.1122. Insurer's use of broker, restrictions — financial condition statement required. — 1. An insurer shall not engage the services of any person, firm, association or corporation to act as an RB on its behalf, unless such person is licensed as required by subsection 1 of section 375.1115.  2. An insurer may not employ an individual who is employed by an RB with which it transacts business, unless such RB is under common control with the insurer and subject to the provisions of chapter 382.  3. The insurer shall annually obtain a copy of statements of the financial condition of each RB with which it transacts business. ­­-------- (L. 1991 H.B. 385, et al. § 42)  Effective 7-01-92
MO Rev Stat § 375.1127 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1127 - Reinsurance manager, prohibited acts.

Effective - 01 Jul 1992   375.1127. Reinsurance manager, prohibited acts. — The RM shall not:  (1) Bind retrocessions on behalf of the reinsurer, except that the RM may bind facultative retrocessions pursuant to obligatory facultative agreements if the contract with the reinsurer contains reinsurance underwriting guidelines for such retrocessions. Such guidelines shall include a list of reinsurers with which such automatic agreements are in effect, and for each such reinsurer, the coverages and amounts or percentages that may be reinsured, and commission schedules;  (2) Commit the reinsurer to participate in reinsurance syndicates;  (3) Appoint any producer without assuring that the producer is lawfully licensed to transact the type of reinsurance for which he is appointed;  (4) Without prior approval of the reinsurer, pay or commit the reinsurer to pay a claim, net of retrocessions, that exceeds the lesser of an amount specified by the reinsurer or one percent of the reinsurer's policyholder's surplus as of December thirty-first of the last complete calendar year;  (5) Collect any payment from a retrocessionaire or commit the reinsurer to any claim settlement with a retrocessionaire, without prior approval of the reinsurer. If prior approval is given, a report must be promptly forwarded to the reinsurer;  (6) Jointly employ an individual who is employed by the reinsurer; or  (7) Appoint a subRM. ­­-------- (L. 1991 H.B. 385, et al. § 44)  Effective 7-01-92
MO Rev Stat § 375.1130 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1130 - Insurer's use of manager, restrictions — financial condition statement required.

Effective - 01 Jul 1992   375.1130. Insurer's use of manager, restrictions — financial condition statement required. — 1. The reinsurer shall not engage the services of any person, firm, association or corporation to act as an RM on its behalf unless such person is licensed as required by subsection 2 of section 375.1115.  2. The reinsurer shall annually obtain a copy of statements of the financial condition of each RM which such reinsurer has engaged prepared by an independent certified accountant in a form acceptable to the director.  3. If an RM establishes loss reserves, the reinsurer shall annually obtain the opinion of an actuary attesting to the adequacy of loss reserves established for losses incurred and outstanding on business produced by the RM. This opinion shall be in addition to any other required loss reserve certification.  4. Binding authority for all retrocessional contracts or participation in reinsurance syndicates shall rest with an officer of the reinsurer who shall not be affiliated with the RM.  5. Within thirty days of termination of a contract with an RM, the reinsurer shall provide written notification of such termination to the director.  6. A reinsurer shall not appoint to its board of directors, any officer, director, employee, controlling shareholder or subproducer of its RM. This subsection shall not apply to relationships governed by chapter 382. ­­-------- (L. 1991 H.B. 385, et al. § 45)  Effective 7-01-92
MO Rev Stat § 375.1132 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1132 - Examination of reinsurance manager, director may conduct.

Effective - 01 Jul 1992   375.1132. Examination of reinsurance manager, director may conduct. — 1. A reinsurance intermediary shall be subject to examination by the director. The director shall have access to all books, bank accounts and records of the reinsurance intermediary in a form usable to the director.  2. An RM may be examined as if it were the reinsurer. ­­-------- (L. 1991 H.B. 385, et al. § 46)  Effective 7-01-92
MO Rev Stat § 375.1135 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1135 - Penalties, director may assess, procedures.

Effective - 28 Aug 2007   375.1135. Penalties, director may assess, procedures. — 1. If the director determines that a reinsurance intermediary, insurer, or reinsurer 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 375.1110 to 375.1140 or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 375.1110 to 375.1140 or a rule adopted or order issued pursuant thereto, the director may issue such administrative orders as authorized under section 374.046. A violation of any of these sections is a level two violation under section 374.049. The director may also suspend or revoke the license or certificate of authority of a reinsurance intermediary, insurer, or reinsurer for any willful violation.  2. If the director believes that a reinsurance intermediary, insurer, or reinsurer 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 375.1110 to 375.1140 or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 375.1110 to 375.1140 or a rule adopted or order issued pursuant thereto, the director may maintain a civil action for relief authorized under section 374.048. A violation of any of these sections is a level two violation under section 374.049.  3. In addition to any other relief authorized by sections 374.046 and 374.047, if a violation was committed by the reinsurance intermediary, such reinsurance intermediary shall make restitution to the insurer, reinsurer, rehabilitator or liquidator of the insurer or reinsurer for the net losses incurred by the insurer or reinsurer attributable to such violation.  4. Nothing contained in sections 375.1110 to 375.1140 is intended to or shall in any manner limit or restrict the rights of policyholders, claimants, creditors or other third parties or confer any rights to such persons. ­­-------- (L. 1991 H.B. 385, et al. § 47, A.L. 2007 S.B. 66)
MO Rev Stat § 375.1137 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1137 - Application fee, reinsurance intermediary license — renewal.

Effective - 01 Jul 1992   375.1137. Application fee, reinsurance intermediary license — renewal. — The initial application fee for a reinsurance intermediary license is one hundred dollars. The license shall be renewed annually on the anniversary date of issuance and continue in effect until refused, revoked or suspended by the director in accordance with sections 375.1110 to 375.1140, except that if the annual renewal fee for the license is not paid on or before the anniversary date, the license terminates. ­­-------- (L. 1991 H.B. 385, et al. § 48)  Effective 7-01-92
MO Rev Stat § 375.1140 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1140 - Effective date.

Effective - 01 Jul 1992   375.1140. Effective date. — Sections 375.1110 to 375.1140 shall take effect on July 1, 1992. No insurer or reinsurer may continue to use the services of a reinsurance intermediary on and after July 1, 1992, unless such use is in compliance with sections 375.1110 to 375.1140. ­­-------- (L. 1991 H.B. 385, et al. § 49)  Effective 7-01-92
MO Rev Stat § 375.1150 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1150 - Citation of law — applicability.

Effective - 28 Aug 1991   375.1150. Citation of law — applicability. — 1. Sections 375.1150 to 375.1246 shall be cited as the "Insurers Supervision, Rehabilitation and Liquidation Act".  2. The proceedings authorized by sections 375.1150 to 375.1246 may be applied to:  (1) All insurers conducting business which are doing, or have done, an insurance business in this state, and against whom claims arising from that business may exist now or in the future except companies covered by chapter 380;  (2) All insurers which propose to do an insurance business in this state;  (3) All insurers which have insureds resident in this state;  (4) All prepaid health care delivery plans, prepaid dental plans, health services corporations and health maintenance organizations;  (5) All nonprofit service plans and all fraternal benefit societies and beneficial societies;  (6) All malpractice associations operating pursuant to an assessment plan;  (7) All other persons organized or in the process of organizing with the intent to do an insurance business in this state; and  (8) All title insurance companies. ­­-------- (L. 1991 H.B. 385, et al. § 50)
MO Rev Stat § 375.1155 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1155 - Receiver may petition for injunctions, restraining orders — purposes — delinquency proceeding does not stay other rights and enforcement.

Effective - 28 Aug 2010   375.1155. Receiver may petition for injunctions, restraining orders — purposes — delinquency proceeding does not stay other rights and enforcement. — 1. Any receiver appointed in a proceeding under sections 375.1150 to 375.1246 may at any time apply for, and any court of general jurisdiction may grant, such restraining orders, preliminary and permanent injunctions, and other orders as may be deemed necessary and proper to prevent:  (1) The transaction of further business;  (2) The transfer of property;  (3) Interference with the receiver or with a proceeding under sections 375.1150 to 375.1246;  (4) Waste of the insurer's assets;  (5) Dissipation and transfer of bank accounts;  (6) The institution or further prosecution of any actions or proceedings;  (7) The obtaining of preferences, judgments, attachments, garnishments or liens against the insurer, its assets or its policyholders;  (8) The levying of execution against the insurer, its assets or its policyholders;  (9) The making of any sale or deed for nonpayment of taxes or assessments that would lessen the value of the assets of the insurer;  (10) The withholding from the receiver of books, accounts, documents, or other records relating to the business of the insurer; or  (11) Any other threatened or contemplated action that might lessen the value of the insurer's assets or prejudice the rights of policyholders, creditors or shareholders, or the administration of any proceeding under this act.  2. The receiver may apply to any court outside of the state for the relief described in subsection 1 of this section.  3. Notwithstanding any other provision of this section to the contrary, the commencement of a delinquency proceeding under sections 375.1150 to 375.1246 does not operate as a stay or prohibition of any right to cause of netting, liquidation, setoff, termination, acceleration or close out of obligations, or enforcement of any security agreement or arrangement or other credit enhancement or guarantee or reimbursement obligation under or in connection with any netting agreement or qualified financial contract as provided for in section 375.1191. ­­-------- (L. 1991 H.B. 385, et al. § 53, A.L. 1992 H.B. 1574, A.L. 2010 S.B. 583)
MO Rev Stat § 375.1156 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1156 - Cooperation with receiver and director required — penalty.

Effective - 28 Aug 2007   375.1156. Cooperation with receiver and director required — penalty. — 1. Any officer, manager, director, trustee, owner, employee or agent of any insurer, or any other persons with authority over or in charge of any segment of the insurer's affairs, shall cooperate with the director or any receiver in any proceeding under sections 375.1150 to 375.1246 or any investigation preliminary to the proceeding. The term "person" as used in this section, shall include any person who exercises control directly or indirectly over activities of the insurer through any holding company or other affiliate of the insurer. "To cooperate" shall include, but shall not be limited to, the following:  (1) To reply promptly in writing to any inquiry from the director requesting such a reply; and  (2) To make available to the director any books, accounts, documents, or other records or information or property of or pertaining to the insurer and in its possession, custody or control.  2. It is unlawful for any person included in subsection 1 of this section to obstruct or interfere with the director in the conduct of any delinquency proceeding or any investigation preliminary or incidental thereto.  3. This section shall not be construed to abridge otherwise existing legal rights, including the right to resist a petition for liquidation or other delinquency proceedings, or other orders.  4. In any proceeding under sections 375.1150 to 375.1246, the director and his deputies shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may at any time require an additional bond from the director or his deputies, and such bonds shall be paid for out of the assets of the insurer as a cost of administration. ­­-------- (L. 1991 H.B. 385, et al. § 54, A.L. 1992 H.B. 1574, A.L. 2007 S.B. 66)
MO Rev Stat § 375.1158 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1158 - Provisions apply prospectively, exceptions — restrictions on insurer in delinquency proceeding.

Effective - 28 Aug 1992   375.1158. Provisions apply prospectively, exceptions — restrictions on insurer in delinquency proceeding. — 1. Unless otherwise provided, the portions of sections 375.1150 to 375.1246 which substantively affect the rights of any person shall be only applicable prospectively. The provisions of sections 375.650 to 375.700, sections 375.740 and 375.750, and sections 375.950 to 375.990 shall be effective and apply only to proceedings instituted pursuant to those sections prior to August 28, 1991. The provisions of sections 375.1150 to 375.1246 which are procedural in nature and which do not conflict with any provision of sections 375.570 to 375.750 and sections 375.950 to 375.990 applicable to any proceeding instituted prior to August 28, 1991, shall be applicable to proceedings instituted prior to August 28, 1991; provided that the provisions of this subsection shall not affect any final order entered by a court of competent jurisdiction prior to August 28, 1991.  2. No insurer that is subject to any delinquency proceedings, whether formal or informal, administrative or judicial, shall:  (1) Be released from such proceeding, unless such proceeding is converted into a judicial rehabilitation or liquidation proceeding;  (2) Be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority;  (3) Be returned to the control of its shareholders or private management; or  (4) Have any of its assets returned to the control of its shareholders or private management. ­­Until all payments of or on account of the insurer's contractual obligations by all guaranty associations and all expenses on account of such delinquency proceedings, along with all expenses thereof and interest on all such payments and expenses, shall have been repaid to the department of commerce and insurance and guaranty associations or a plan of repayment by the insurer shall have been approved by the director. Moneys collected by the director pursuant to this section shall be transferred to the state treasurer and deposited to the general revenue fund.  3. In any delinquency proceeding under sections 375.1150 to 375.1246, certified copies of the statement made by the company proceeded against, or of reports of examinations of the company made by the director or persons appointed by him, shall be received, if offered by the director, as prima facie evidence of the facts therein contained pertaining to the condition and affairs of the insurer. ­­-------- (L. 1991 H.B. 385, et al. § 55, A.L. 1992 H.B. 1574)
MO Rev Stat § 375.1161 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1161 - Violations, penalties.

Effective - 28 Aug 2007   375.1161. Violations, penalties. — 1. 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 375.1150 to 375.1246 or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 375.1150 to 375.1246 or a rule adopted or order issued pursuant thereto, the director may issue such administrative orders as authorized under section 374.046. A violation of any of these sections is a level four violation under section 374.049. The director may also suspend or revoke the license or certificate of authority of such person for any willful violation.  2. If the director believes 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 375.1150 to 375.1246 or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 375.1150 to 375.1246 or a rule adopted or order issued pursuant thereto, the director may maintain a civil action for relief authorized under section 374.048. A violation of any of these sections is a level four violation under section 374.049. ­­-------- (L. 2007 S.B. 66)
MO Rev Stat § 375.1162 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.1162 - Director may order activities to prevent delinquency proceeding.

Effective - 28 Aug 1991   375.1162. Director may order activities to prevent delinquency proceeding. — Whenever the director has reasonable cause to believe, and determines that any domestic insurer has committed or engaged in, or is about to commit or engage in, any act, practice, or transaction that would subject it to delinquency proceedings under sections 375.1150 to 375.1246, he may make and serve upon the insurer and any other persons involved, such orders as are reasonably necessary to correct, eliminate or remedy such conduct, condition or ground. Any such order of the director may be appealed as provided by section 536.150. ­­-------- (L. 1991 H.B. 385, et al. § 57)