reglab/housing_qa huggingface dataset:
MO Rev Stat § 380.011 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.011 - Classification as Missouri mutual insurance companies — new companies prohibited.

Effective - 01 Jan 1985   380.011. Classification as Missouri mutual insurance companies — new companies prohibited. — 1. All county mutual insurance companies, all town mutual insurance companies and all farmers' mutual insurance companies possessing a certificate of incorporation from the secretary of state and operating under sections 380.009 to 380.270, 380.280 to 380.470 and 380.479 to 380.570, respectively, shall be known as Missouri mutual insurance companies and shall after January 1, 1985, operate under the provisions of sections 380.011 to 380.151. Only those county mutual insurance companies, town mutual insurance companies and farmers' mutual insurance companies possessing a certificate of incorporation from the secretary of state upon January 1, 1985, shall operate under sections 380.011 to 380.151, and no new companies shall be formed to operate under those sections of the Revised Statutes of Missouri.  2. All Missouri mutual insurance companies shall, within ninety days of January 1, 1985, file a registration statement with the director of the department of commerce and insurance which shall contain the name of the company, the location and address of its principal office, the names and addresses of its officers and directors, and shall be accompanied by copies of its articles of incorporation and bylaws. The director shall compile and maintain a list of all companies registered and operating under the provisions of sections 380.011 to 380.151 and shall file this list with the secretary of state on or before May 1, 1985.  3. If any county mutual insurance company, town mutual insurance company or farmers' mutual insurance company possessing a certificate of incorporation from the secretary of state and operating under the provisions of sections 380.009 to 380.270, 380.280 to 380.470 or 380.479 to 380.570, respectively, fails to file the required registration statement with the director of the department of commerce and insurance within ninety days of January 1, 1985, the secretary of state shall irrevocably forfeit the company's corporate charter. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.021 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.021 - Authority to do business on not-for-profit basis — property of members, authority to insure — limitation of area — reserve fund, and reinsurance requirements.

Effective - 01 Jan 1985   380.021. Authority to do business on not-for-profit basis — property of members, authority to insure — limitation of area — reserve fund, and reinsurance requirements. — 1. All Missouri mutual insurance companies operating under the provisions of sections 380.011 to 380.151 shall be authorized to do the business of insurance on an assessable, mutual and not-for-profit basis. All such companies shall have authority to insure the property of their members from loss or damage caused by fire; lightning; tornado; windstorm; cyclone; hail; explosion; riot; riot attending a strike; civil commotion; aircraft; vehicles; smoke; physical damage to livestock; overturn or collision of farm machinery; theft; burglary; vandalism; malicious mischief; removal; breakage of glass; falling objects; weight of ice, snow or sleet; collapse of buildings; freezing, accidental discharge, leakage or overflow of water or steam; other damage caused by steam; and sudden and accidental injury from electrical currents. Nothing contained in these sections shall be construed as to allow any Missouri mutual insurance company to insure its members against loss to their motor vehicles, as defined in section 301.010, from any peril whatsoever or liability occasioned by the use of such motor vehicles, or to insure property pursuant to or in connection with a specific loan or other credit transaction.  2. All Missouri mutual insurance companies shall do business only in the county or counties in which they are organized or in adjoining counties. Any Missouri mutual insurance company may write insurance against loss or damage to the crops of their members from the perils enumerated in subsection 1 of this section in any and all counties of this state so long as the company maintains a reserve fund of at least three hundred thousand dollars and reinsurance sufficient to protect the financial stability of the company. The director of the department of commerce and insurance may require additional reinsurance if he deems it necessary to protect the policyholders of the company.  3. The corporation shall have all the powers, rights, privileges, duties and obligations of a corporation organized under chapter 355 except insofar as such provisions are inconsistent with the provisions of sections 380.011 to 380.151. Nothing herein shall be construed as prohibiting any Missouri mutual insurance company from distributing underwriting or investment gain to its members or from accumulating a reasonable reserve fund for the payment of losses and other expenses. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.031 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.031 - Exemption from insurance laws, exceptions.

Effective - 01 Jan 1985   380.031. Exemption from insurance laws, exceptions. — Any Missouri mutual insurance company operating under the provisions of sections 380.011 to 380.151 shall be exempt from all provisions of other insurance laws of this state unless such laws shall expressly declare that they are applicable to such Missouri mutual insurance companies. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.041 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.041 - Board of directors, election, qualifications, terms, officers — annual meeting of company, held when, notice of requirements.

Effective - 01 Jan 1985   380.041. Board of directors, election, qualifications, terms, officers — annual meeting of company, held when, notice of requirements. — 1. Each Missouri mutual insurance company shall elect a board of at least five directors, each of whom shall be the owner of property insurance in the company. The directors shall be elected by a majority vote of the members voting at the annual meeting of the members for a term of not less than one year nor more than three years. The directors shall elect from their number a president and vice president. The directors shall also select a secretary, treasurer and such additional officers as they may deem necessary, who may or may not be members of the company. The offices of secretary and treasurer may be occupied by one person.  2. Each Missouri mutual insurance company shall hold an annual meeting of its members on the date and time and at the place specified in its articles of incorporation; immediately thereafter, a separate meeting of the board of directors shall be held. If the articles of incorporation are silent as to the date, time and place of the annual meetings, those meetings shall be held on the first Monday in February and shall be held at the registered office of the corporation.  3. Notice of the annual meeting of the members shall be sent with or mailed with each policy, and shall be stamped or printed on the policy. Notice of the annual meeting shall also be published once a week for two weeks before the date of the meeting in some daily or weekly newspaper published in the county where the principal home office of the company is located. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.051 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.051 - Financial statement filed annually, fee.

Effective - 01 Jan 1985   380.051. Financial statement filed annually, fee. — Every such company shall, on or before the first day of March in each year, file a statement with the director of the department of commerce and insurance, verified by the affidavit of its president and secretary reporting the financial condition of the company for the preceding calendar year. The statement of financial condition shall provide such information and be in such form as may be prescribed by the director of the department of commerce and insurance. Each company shall pay a fee of twenty-five dollars to the director of the department of commerce and insurance at the time of filing the annual statement. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.061 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.061 - Examination by department, powers and duties — expenses — examination by CPA in lieu of department — refusal to comply, effect.

Effective - 01 Jan 1985   380.061. Examination by department, powers and duties — expenses — examination by CPA in lieu of department — refusal to comply, effect. — 1. It shall be the duty of the director of the department of commerce and insurance or his duly appointed agents to make full and careful examination of the affairs of any company operating under the provisions of sections 380.011 to 380.151. The director shall examine such companies whenever, in his discretion, it is deemed necessary.  2. He or any of his duly appointed agents may compel the attendance before him, and may examine, under oath, the directors, officers, agents, employees, solicitors, attorneys or any other person, in reference to the condition, affairs, management of the business, or any matters relating thereto. He may administer oaths or affirmations, may summon and compel the attendance of witnesses, and may require and compel the production of records, books, papers, contracts or other documents, if necessary.  3. In every such examination, inquiry shall be made as to the nature and resources of the corporation generally, the mode of conducting and managing its affairs, the actions of its directors and the security provided its members.  4. The refusal of any such company to permit the examination of its affairs as provided in this section shall be sufficient cause for the institution of proceedings to wind up the affairs of the corporation as provided by section 380.071.  5. The expenses of such examination, as determined by the director of the department of commerce and insurance, shall be paid by the company examined.  6. In lieu of an examination by the department of commerce and insurance the director may accept, in a format acceptable to the director, a financial examination report of such company prepared by an independent certified public accountant. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.071 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.071 - Unsafe operation of business — reasonable time to remedy — failure to remedy, director's powers.

Effective - 01 Jan 1985   380.071. Unsafe operation of business — reasonable time to remedy — failure to remedy, director's powers. — 1. If it appears to the director of the department of commerce and insurance from a statement of any company filed pursuant to the provisions of section 380.051, or upon examination of any company made pursuant to the provisions of section 380.061, or from any other knowledge or information in his possession that such company is conducting its business in an unsafe manner or that its assets are insufficient to justify the continuance of business by such company, he shall send written notice of the situation to the officers and directors of the company.  2. Such officers and directors may, in the discretion of the director, be allowed a reasonable time in which to remedy the situation. If the officers and directors fail to remedy the situation after a reasonable time, or if at any time it shall appear to the director of the department of commerce and insurance that the continued operation of the company would not be in the best interests of the policyholders, the director of the department of commerce and insurance shall institute proceedings, in the circuit court in the city or county in which the company has its principal office, to enjoin or restrain the company from further prosecution of its business, either temporarily or permanently, and if the director seeks to enjoin or restrain the company permanently, he shall also institute proceedings to settle and wind up the affairs, and to liquidate and to dissolve the company. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.081 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.081 - Noncompliance — notice, content hearing — judicial review — failure to comply, director's powers.

Effective - 01 Jan 1985   380.081. Noncompliance — notice, content hearing — judicial review — failure to comply, director's powers. — 1. If at any time the director of the department of commerce and insurance shall find that a Missouri mutual insurance company is not operating in compliance with the provisions of sections 380.011 to 380.151, he shall notify in writing the officers and directors of such fact. The notice shall clearly set forth the director's belief, his reasons and his proposed action. The director may, after a hearing held pursuant to the provisions of chapter 536, order the company to bring its operations into compliance. Judicial review of the director's order may be sought as provided in chapter 536.  2. Refusal or neglect by any such company to comply with the requirements of the above order shall be sufficient cause for the institution of proceedings to wind up the affairs of the company. The director may, in his discretion, institute proceedings to enjoin or restrain such company from the further prosecution of its business as provided in section 380.071. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.091 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.091 - Forms filed where — disapproval by director, notice, content — judicial review.

Effective - 01 Jan 1985   380.091. Forms filed where — disapproval by director, notice, content — judicial review. — 1. All Missouri mutual insurance companies shall file all applications, policy forms and all endorsements, riders or amendments thereto with the director of the department of commerce and insurance. Those forms may be used upon filing unless disapproved by the director. The director may disapprove any form if it does not comply with the provisions of sections 380.011 to 380.151, or if it contains any provision which is deceptive, ambiguous or misleading. The company shall be notified in writing of any disapproval and the reasons therefor.  2. Any disapproval of a form by the director of the department of commerce and insurance shall be subject to judicial review under the provisions of chapter 536. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.101 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.101 - Policyholder in mutual to be member — eligibility — member's right to sue company.

Effective - 01 Jan 1985   380.101. Policyholder in mutual to be member — eligibility — member's right to sue company. — Any person shall be eligible to apply for membership in a Missouri mutual insurance company. Each policyholder of a Missouri mutual insurance company shall be a member of such company and any member of any Missouri mutual insurance company may sue the company the same as if he were not a member thereof. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.111 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.111 - School district's real and personal property may be insured — procedure for district to become member.

Effective - 01 Jan 1985   380.111. School district's real and personal property may be insured — procedure for district to become member. — All Missouri mutual insurance companies may accept as members any school district of this state, and may insure the real and personal property thereof as in the case of other members of the company. Any school district in this state may, by a two-thirds vote of the board of directors of the district, become a member of any Missouri mutual insurance company, and may insure the real and personal property of the school district in the company as in the case of other members thereof, and may, out of the incidental funds of the district, pay for such insurance and for all assessments lawfully made by the company as in the case of other members of the company. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.121 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.121 - Membership fee — business basis, how established — assessment of members — reserve — return of deposits to members, when — liability of policyholder on termination of policy.

Effective - 01 Jan 1985   380.121. Membership fee — business basis, how established — assessment of members — reserve — return of deposits to members, when — liability of policyholder on termination of policy. — 1. Each Missouri mutual insurance company may require the payment of a membership fee, the amount of which is to be determined by the board of directors, before issuing any policy.  2. Missouri mutual insurance companies may do business upon the basis of assessments alone or may do business upon a premium plus assessment basis.  3. If a company chooses to do business on the basis of assessments alone, it shall require each member to deposit with the company, before the issuance of that member's policy, an amount equivalent to a defined percentage of the risk assumed by the company as a result of the issuance of that member's policy. The directors of the company shall determine this percentage.  4. If the company chooses to do business on a premium plus assessment basis, it may accept payment of the premium in full or may accept a promissory note in lieu of the premium. If a company chooses to accept a promissory note, it shall require each member, before the issuance of that member's policy, to pay ten percent of the total premium and provide a promissory note for the remaining balance. The promissory note shall be made payable, on demand, in whole or in part, when the directors of the company shall deem the additional money necessary for the payment of losses or other expenses.  5. Any Missouri mutual insurance company may assess its members in a manner determined by the company's articles and bylaws in anticipation of losses and expenses for the next two calendar years following the date of assessment, and may accumulate and maintain a reasonable reserve fund for the payment of losses and expenses.  6. The company shall return to its members that portion of the annual deposits or premiums which remain unconsumed after all losses and expenses are deducted or cancel those portions of any promissory notes which remain undemanded, consistent with maintaining an adequate reserve fund to pay losses and expenses in a manner determined by the company's articles and bylaws.  7. A policyholder shall not be liable to assessment for any losses or expenses incurred by the company subsequent to the termination of his policy nor shall he be liable to assessment for any obligations incurred by the company prior to such termination unless notice of such assessment be given within one year after such termination. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.131 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.131 - Loss or judgment against company, business basis to determine procedure — failure to pay assessment, effect.

Effective - 01 Jan 1985   380.131. Loss or judgment against company, business basis to determine procedure — failure to pay assessment, effect. — 1. After receiving notice of any loss or damage to a member's property or after the rendition of any judgment against a company, the directors of a company operating solely on an assessment basis shall verify such loss, damage or judgment and shall assess each member an amount in proportion to the amount of risk such member has with the company. Failure to pay the assessment within thirty days of notification shall justify the company in cancelling a member's policy and returning a member's deposit after deducting the amount of the assessment owed.  2. If a company has chosen to operate on a premium plus assessment basis, it shall pay all losses and judgments from premiums received or amounts collected on promissory notes. The amount deducted from each member's premiums paid or demanded from each member's promissory note shall bear such relationship to the total loss as that member's total premium bears to the total premiums collected in the calendar year that the loss is incurred. If such funds are insufficient to cover the loss or judgment, the directors may assess each member in the same manner; but, there shall not be more than one assessment for losses in any calendar year. The directors may borrow sufficient funds to pay losses until such time as they may collect the assessment. Failure to pay any assessment within thirty days of notification shall justify the company in cancelling a member's policy. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85
MO Rev Stat § 380.141 (2021)
2021 Missouri Revised Statutes|Title XXIV - Business and Financial Institutions|Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies|Section 380.141 - Unsatisfied judgment against company, restraining order for transaction of new business.

Effective - 01 Jan 1985   380.141. Unsatisfied judgment against company, restraining order for transaction of new business. — Whenever any judgment is obtained in any of the courts of this state against any Missouri mutual insurance company doing business in this state under the provisions of sections 380.011 to 380.151, from which no appeal is taken, or if an appeal is taken and no appeal bond is given as in other cases of appeals in civil procedure, and the judgment remains unsatisfied for sixty days after execution has been lawfully issued thereon, upon the filing of a petition for injunctive relief by the party in whose favor the judgment is rendered, in the court in which the judgment was rendered, the court shall issue an injunction restraining the company from the further transaction of any new business in this state until the judgment shall be fully satisfied. ­­-------- (L. 1984 H.B. 1498)  Effective 1-01-85