reglab/housing_qa huggingface dataset:
MO Rev Stat § 375.534 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.534 - Foreign governments or corporations, investment in permitted — conditions, requirements.

Effective - 28 Aug 2015   375.534. Foreign governments or corporations, investment in permitted — conditions, requirements. — 1. In addition to other foreign investments permitted by Missouri law for the type or kind of insurance company involved, the capital, reserves and surplus of all insurance companies of whatever kind and character organized under the laws of this state, having admitted assets of not less than one hundred million dollars, may be invested in securities, investments and deposits issued, guaranteed or assumed by a foreign government or foreign corporation, or located in a foreign country, whether denominated in United States dollars or in foreign currency, subject to the following conditions:  (1) Such securities, investments and deposits shall be of substantially the same kind, class and quality of like United States investments eligible for investment by an insurance company under Missouri law;  (2) An insurance company shall not invest or deposit in the aggregate more than twenty percent of its admitted assets under this section, except that an insurance company may reinvest or redeposit any income or profits generated by investments permitted under this section;  (3) The aggregate amount of foreign investments then held by the insurer under this subsection in a single foreign jurisdiction shall not exceed ten percent of its admitted assets as to a foreign jurisdiction that has a sovereign debt rating of SVO "1" or five percent of its admitted assets as to any other foreign jurisdiction; and  (4) Such securities, investments and deposits shall be aggregated with United States investments of the same class in determining compliance with percentage limitations imposed under Missouri law for investments in that class for the type or kind of insurance company involved.  2. This section shall not apply to an insurer organized under chapter 376. ­­-------- (L. 1991 H.B. 385, et al. § 22, A.L. 2007 S.B. 66, A.L. 2015 S.B. 164)
MO Rev Stat § 375.535 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.535 - Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when.

Effective - 28 Aug 1967   375.535. Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when. — Whenever the director has reason to believe that any insurance company licensed to do business in this state is, because of the nature and extent of the risks assumed by the company, in such financial condition that the assumption of additional risks would be hazardous to creditors, policyholders, or the general public, he may issue and serve upon the company a statement of charges and notice of hearing thereon. If after a hearing the director finds that the company is in such financial condition that the assumption of additional risks would be hazardous to creditors, policyholders or the general public, he shall order the company to cease and desist from writing any new business until the company's financial condition is no longer hazardous thereto. ­­-------- (L. 1967 p. 516)
MO Rev Stat § 375.537 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.537 - Impaired insurer, defined — duty to notify director — penalties for failure to notify.

Effective - 01 Jan 2017, 2 histories   375.537. Impaired insurer, defined — duty to notify director — penalties for failure to notify. — 1. As used in this section, the following terms mean:  (1) "Chief executive officer", the person, irrespective of his title, designated by the board of directors or trustees of an insurer as the person charged with the responsibility of administering and implementing the insurer's policies and procedures;  (2) "Director", the director of the department of commerce and insurance;  (3) "Impaired", a financial situation in which the assets of an insurer are less than the sum of the insurer's minimum required capital, minimum required surplus and all liabilities as determined in accordance with the requirements for the preparation and filing of the annual statement of an insurer;  (4) "Insurer", any insurance company or other insurer licensed to do business in this state.  2. Whenever an insurer is impaired, its chief executive officer shall immediately notify the director in writing of such impairment and shall also immediately notify in writing all of the board of directors or trustees of the insurer.  3. Any officer, director or trustee of an insurer shall notify the person serving as chief executive officer of the impairment of such insurer in the event such officer, director or trustee knows or has reason to know that the insurer is impaired.  4. Any person who knowingly or recklessly violates subsection 2 or 3 of this section shall, upon conviction thereof, be fined not more than fifty thousand dollars or be imprisoned for not more than one year, or both. Any person who knowingly does any of the following shall be guilty of a class E felony:  (1) Conceals any property belonging to an insurer;  (2) Transfers or conceals in contemplation of a state insolvency proceeding his own property or property belonging to an insurer;  (3) Conceals, destroys, mutilates, alters or makes a false entry in any document which affects or relates to the property of an insurer or withholds any such document from a receiver, trustee or other officer of a court entitled to its possession;  (4) Gives, obtains or receives a thing of value for acting or forbearing to act in any court proceedings; and any such act or acts results in or contributes to an insurer's becoming impaired or insolvent. ­­-------- (L. 1991 H.B. 385, et al. § 23, A.L. 2014 S.B. 491)  Effective 1-01-17
MO Rev Stat § 375.570 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.570 - Manner of commencing proceedings — petition, contents.

Effective - 28 Aug 1992   375.570. Manner of commencing proceedings — petition, contents. — 1. Terms used in sections 375.570 to 375.750 shall mean as defined in section 375.1152.  2. A formal delinquency proceeding, or seizure as described in section 375.1164, shall be commenced by filing a verified petition in the name of the director, as plaintiff, against the insurer, proceeded against as defendant, and said petition shall contain a brief statement of the condition of the defendant, or of the causes upon which the proceeding is based; it may also contain a prayer for temporary or permanent relief, or for both, and shall conclude with a prayer for general relief, under which prayer the court may grant any relief or issue any injunction or writ, and make any decrees or orders, under and within the provisions of sections 375.1150 to 375.1246, as shall be found advisable or necessary.  3. The petition shall contain a brief statement of the grounds upon which the proceeding is based. The petition may also contain a prayer for any orders as described in section 375.640 or 375.1155.  4. If the petition prays for any preliminary order as described in section 375.580, the petition must be verified by the director or his chief deputy or assistant director. The director need not plead or prove irreparable harm or inadequate remedy at law as a requirement for the issuance of any such preliminary order. The director shall be required to give only such notice to the insurer prior to the issuance of such a preliminary order as is reasonable under the circumstances. ­­-------- (RSMo 1939 § 6053, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5942; 1919 § 6350; 1909 § 7080
MO Rev Stat § 375.580 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.580 - Issuance, service and return of process.

Effective - 28 Aug 1992   375.580. Issuance, service and return of process. — 1. If any order as described in section 375.640 or 375.1155 to be issued preliminarily to the summary hearing provided by section 375.600 is prayed for:  (1) The petition shall be first presented ex parte to the court, which may issue its initial order containing the preliminary orders prayed for as though the director were the receiver, but which shall provide in its order that any such preliminary order shall not continue beyond the time and date set for the return of summons, unless the court shall expressly enter a further order at the return of summons continuing such preliminary order;  (2) The court shall note the time and date of the issuance of its initial order;  (3) The court shall set a time and date of the return of summons, at which time the defendant or defendants may appear before the court for a summary hearing. The time and date for the return of summons shall not exceed ten days from the time and date of the issuance of the initial order;  (4) After the issuance of the initial order, the director shall immediately make arrangements with the clerk of the court for prompt personal service upon the defendant or defendants of the verified petition and orders. The clerk of the court shall maintain the court's file as confidential, except for good cause shown, until personal service is made.  2. If no preliminary order is prayed for, the proceedings shall be the same as in subsection 1 of this section, except that the court's file shall be open to the public as provided by section 375.1172.  3. Any preliminary order issued pursuant to this section may be served and enforced as provided by law in injunctions issued in other cases, but the director shall not be required to give any bond as preliminary to or in the course of any proceedings to which he is a party as such director, pursuant to sections 375.570 to 375.750 and 375.1150 to 375.1246, either for costs or for any order, or in case of appeal to either the supreme court or to any appellate tribunal. ­­-------- (RSMo 1939 § 6054, A.L. 1978 H.B. 1634, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5943; 1919 § 6351; 1909 § 7081
MO Rev Stat § 375.600 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.600 - Pleadings and proceedings, general procedures — summary hearing, purpose — effect of nonattendance by defendant.

Effective - 28 Aug 1992   375.600. Pleadings and proceedings, general procedures — summary hearing, purpose — effect of nonattendance by defendant. — 1. The pleadings and proceedings, insofar as not otherwise regulated by sections 375.570 to 375.750, 375.950 to 375.990 and 375.1150 to 375.1246, shall be as in other civil causes.  2. At the time and date for the return of summons, the court shall hold a summary hearing.  3. If any defendant fails to appear for the summary hearing:  (1) The court shall, if personal service has not been made as to any defendant:  (a) Make such provision for alternative service upon that defendant as is best designed to notify the defendant of the pendency of the formal delinquency proceeding before the time and date of the summary hearing as reset by the court;  (b) Reset the time and date of the summary hearing to a time and date not more than ten days from the time and date of the original summary hearing;  (c) Expressly continue any preliminary order until the reset time and date of the summary hearing; and  (d) Order any confidential file to be an open and public record;  (2) The court shall, if personal service has been made as to any defendant, grant judgment by default in favor of the director against the defendant.  4. If any defendant appears for the summary hearing, the court shall:  (1) Require the defendant to answer the petition;  (2) Consider whether to extend any preliminary orders pending final judgment; and  (3) Set the case for trial, which shall be not more than ten days from the date of the summary hearing.  5. If any defendant fails to appear for a reset summary hearing, the court shall, if honest and reasonable efforts have been made to effect personal service upon the defendant, order notice published of the petition, of the continuance of any restraining order, and of the second reset summary hearing, which shall not be less than ten nor more than twenty days after the publication of notice. If the defendant fails to appear for any second reset summary hearing, the court may grant default judgment in favor of the director and against the defendant. ­­-------- (RSMo 1939 § 6055, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5944; 1919 § 6352; 1909 § 7082
MO Rev Stat § 375.620 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.620 - Referee or master to hear and report — exceptions, filed by either party.

Effective - 28 Aug 1992   375.620. Referee or master to hear and report — exceptions, filed by either party. — 1. If the case is referred, the referee or master shall forthwith proceed to hear the same, and shall file his report within ten days after the conclusion of the testimony.  2. Any referee or master failing to at once proceed with the hearing, or to file his report within the time aforesaid, may be removed by the court, in which case he shall not receive any pay or allowance whatever for his services; and the court may thereupon hear the case or appoint a new referee or master. The fees of the referee or master shall be taxed and paid as costs in the case.  3. Exceptions to the report of the referee or master may be filed by either party. If no exceptions are filed within three days after the report is presented to the court, it shall be confirmed, and judgment entered thereon. ­­-------- (RSMo 1939 § 6056, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5945; 1919 § 6353; 1909 § 7083
MO Rev Stat § 375.640 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.640 - Insurance director to take charge.

Effective - 28 Aug 1992   375.640. Insurance director to take charge. — If the director shall apply, either at the time of or after the filing of the petition referred to in section 375.570, the court may, if the court deems it necessary, authorize him or a special deputy appointed for such purpose to temporarily take charge of the property of the defendant and to receive its premiums and other income until a final decree is rendered. ­­-------- (RSMo 1939 § 6057, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5946; 1919 § 6354; 1909 § 7084
MO Rev Stat § 375.650 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.650 - Title of assets to vest in director — special deputy receiver, appointment, duties.

Effective - 28 Aug 1992   375.650. Title of assets to vest in director — special deputy receiver, appointment, duties. — 1. Upon the rendition of a final judgment dissolving an insurer, or declaring it insolvent, all the general assets of such insurer shall vest in fee simple and absolutely in the director, and his successor or successors in office, who shall hold and dispose of the same in his capacity as receiver for the use and benefit of the creditors and policyholders of such insurer and such other persons as may be interested in such assets.  2. Upon the rendition of a final judgment dissolving an insurer, or declaring it insolvent, the director may appoint a special deputy receiver whose appointment is approved by the court to manage the receivership. The director in his capacity as receiver of such insurer, any special deputy receiver who is appointed by the director and whose appointment is approved by the court, all employees and agents of such receivership and all employees of the state of Missouri when acting with respect to the receivership shall be considered to be officers of the court when acting in such capacities and as such shall be subject to the orders and directions of the court with respect to their actions or omissions in connection with the receivership. The receiver, special deputy receiver, commissioners and special masters appointed by the court, the agents and employees of the receivership and the commissioners and employees of the state of Missouri when acting with respect to the receivership shall enjoy absolute judicial immunity and be immune from any claim against them personally for any act or omission while acting in good faith in the performance of their functions and duties in connection with the receivership.  3. This section shall apply only to proceedings instituted before August 28, 1991. ­­-------- (RSMo 1939 § 6058, A.L. 1986 H.B. 1103, A.L. 1988 S.B. 430, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5947; 1919 § 6355; 1909 § 7085
MO Rev Stat § 375.660 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.660 - Disposition of assets.

Effective - 28 Aug 1992   375.660. Disposition of assets. — 1. If the court directs the director to liquidate, settle or wind up the affairs of the defendant, said director shall take immediate possession of the assets, books and papers of the defendant, and unless disposition of the assets of the defendant is made by a reinsurance agreement as may be provided by law, he shall sell and dispose of the real estate and other property of the defendant, subject to the approval of the court, and may execute in his own name, as director, all necessary and proper conveyances of the same; he may also, in his own name as such director, maintain and defend all actions in the courts of this or any other state, or of the United States, relating to the defendant, its assets, liabilities and business.  2. This section shall apply only to proceedings instituted before August 28, 1991. ­­-------- (RSMo 1939 § 6059, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5948; 1919 § 6356; 1909 § 7086
MO Rev Stat § 375.670 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.670 - Allowance of demands — receiver to review claims against receivership.

Effective - 28 Aug 1992   375.670. Allowance of demands — receiver to review claims against receivership. — 1. The court, upon the application of the receiver, shall establish claims procedures and shall limit and may extend the time for the presentation of claims against the receivership, and notice thereof shall be given in such manner as said court shall direct; and any creditor neglecting to present his claim within the time so limited shall be debarred of all right to share in the assets of the insurer.  2. Claims presented against the receivership shall be reviewed by the receiver. The receiver shall either consent to the claim in whole or in part or shall contest the claim. If the receiver consents to the claim in whole or in part, he shall also classify the claim according to the priority to which it is entitled under section 375.700. A written notice of his consent shall be given to the claimant or his attorney by first class mail at the address shown in the proof of claim. Whenever the receiver objects to all or any portion of the claim, the claim shall be subject to the provisions of section 375.1214.  3. This section shall apply only to proceedings instituted before August 28, 1991. ­­-------- (RSMo 1939 § 6060, A.L. 1988 S.B. 430, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5949; 1919 § 6357; 1909 § 7087
MO Rev Stat § 375.710 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 375 - Provisions Applicable to All Insurance Companies|Section 375.710 - Conflict of interests — power of court — trustees.

Effective - 28 Aug 1992   375.710. Conflict of interests — power of court — trustees. — In case of any conflict of interests on any matter, or concerning the enforcement or settlement of any conflicting claims between two or more insurers, the settlement and winding up of whose affairs shall be under the charge of the director, it shall be the duty of the director, and the right of any person interested in any of the insurers to report the fact of conflict and the question or questions involved to the court in which any of the causes is pending, and such court, thereupon, shall have power to appoint a trustee, to have charge and control of the interests of any of the insurers as regards the settlement or enforcement of its claims in respect to the matter in controversy, or to make such other orders providing for the settlement, adjustment or enforcement of the rights of the insurer in the matter as to the court shall seem best adapted to the protection of the rights of all. ­­-------- (RSMo 1939 § 6062, A. 1949 H.B. 2092, A.L. 1992 H.B. 1574)  Prior revisions: 1929 § 5951; 1919 § 6359; 1909 § 7089