reglab/statecodes huggingface dataset:
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1388 - Recognition of admitted assets — value of assets.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2009, 2 histories
379.1388. Recognition of admitted assets — value of assets. —
1. A SPLRC may recognize as an admitted asset on its financial statements filed with the director:
(1) Permitted investments;
(2) Letters of credit;
(3) Financial guarantee policies issued for the sole benefit of the ceding company by an insurer having a rating of no less than AAA by Standard and Poor's or less than AAA by Moody's Investor Service; and
(4) Surety bonds issued for the sole benefit of the ceding company by an insurer having a rating of no less than AAA by Standard and Poor's or no less than AAA by Moody's Investors Service.
2. (1) The assets of a SPLRC shall be valued in the same manner as the assets of a Missouri domestic life insurer; however, letters of credit, financial guarantee policies, and surety bonds issued without recourse to the SPLRC, or with recourse to the SPLRC with a priority no higher than afforded to class 7 claims under section 375.1218, shall be valued as follows. Letters of credit shall be valued at the amount available for drawings by the SPLRC or its ceding company as of the time of valuation. A financial guarantee policy shall be valued at the amount available to pay aggregate claims as of the time of valuation. A surety bond shall be valued at the amount available to pay aggregate claims as of the time of valuation.
(2) Notwithstanding the preceding, the director may by order authorize a SPLRC to value one or more of its assets through an alternative method.
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(L. 2007 S.B. 215, A.L. 2009 H.B. 577)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1391 - Prohibited acts.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1391. Prohibited acts. —
A SPLRC shall not:
(1) Enter into a SPLRC contract with a person that is not licensed or otherwise authorized to transact the business of insurance or reinsurance in at least its state or country of domicile;
(2) Lend or otherwise invest or place in custody, trust or under management any of its assets with, or to borrow money or receive a loan from, other than according to the plan of operation filed with and approved by the director.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1394 - Dividend-payments, limitations.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1394. Dividend-payments, limitations. —
1. A SPLRC may not declare or pay dividends in any form to its owners other than in accordance with the transaction agreements.
2. Dividends may not decrease the capital of the SPLRC below the minimum initial capital requirement.
3. After giving effect to the dividends the assets of the SPLRC, including assets held in trust and letters of credit issued for the exclusive benefit of the SPLRC, must be sufficient to satisfy the director that it can meet its obligations.
4. Approval of the director for ongoing dividends of other distributions must be conditioned upon the retention at the time of each payment of capital or surplus equal to or in excess of amounts specified by or determined in accordance with formulas approved for the SPLRC by the director.
5. Dividends may be declared by the management of the SPLRC provided that the dividend amount or form does not violate the provisions of sections 379.1353 to 379.1421 or jeopardize the fulfillment of the obligations of the SPLRC.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1397 - Changes in plan of operation, directors approval required.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1397. Changes in plan of operation, directors approval required. —
Any material changes to a SPLRC's plan of operation shall require the prior written approval of the director. However, if initially approved in the plan of operation, the subsequent issuance of securities, additional financing, substitution of a party to a swap transaction with a party of similar rating or the inclusion of additional business under a SPLRC contract shall not be considered a material change.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1400 - Affiliated agreements to be filed with director.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1400. Affiliated agreements to be filed with director. —
Copies of all completed affiliated agreements to which the SPLRC is a party, including but not limited to the SPLRC contract or contracts and any ceded reinsurance agreements to which the SPLRC is a party must be filed with the director within thirty days of their execution.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1403 - Audited financial report required, requirements.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1403. Audited financial report required, requirements. —
1. No later than five months after the fiscal year end of the SPLRC, the SPLRC shall file with the director an audited financial report by an independent certified public accountant of the financial statements of the SPLRC and any trust accounts established for the benefit of the ceding company to secure reserve credits for the ceding company.
2. The SPLRC shall file by March first of each year financial information using statutory accounting principles with useful or necessary modifications or adaptations required or approved by the director, as supplemented by additional information as required by the director. Financial information must include:
(1) Income statement;
(2) Balance sheet, and if required;
(3) A detailed listing of invested assets.
­­The filing may also include RBC calculations and other adjusted capital calculations to assist the director. The statements must be prepared on forms required by the director. In addition, the director may require the filing of performance assessments of the SPLRC contract.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1406 - Examination required, when, procedure.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1406. Examination required, when, procedure. —
An SPLRC must be examined by the director at least once every five years and no more frequently than once every three years. In addition, the director may also examine an SPLRC in the event of an event of insolvency. The SPLRC shall pay to the director the expenses and costs of the examination as outlined in section 374.160. Neither reports, copies of documents obtained nor preliminary work and working papers may be disclosed without the prior written consent of the SPLRC. Such materials shall remain confidential and are not subject to subpoena. Nothing in this section shall prevent the director from using materials created during the examination or obtained during the examination in furtherance of the director's regulatory authority granted under sections 379.1353 to 379.1421. The director may grant access to materials obtained or created during examinations conducted under this section to public officers having jurisdiction over the regulation of insurance in another state, the federal government or another country, including a securities regulatory authority, if the officers receiving the information agree in writing to hold such information in confidence and in a manner consistent with this section.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1409 - Record-keeping requirements.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1409. Record-keeping requirements. —
The SPLRC shall maintain its books and records in the state and make the same available at any time for examination by the director. Notwithstanding the preceding, original books and records may be kept outside of the state, if a plan is adopted by the SPLRC and approved by the director whereby copies are maintained in the state with originals kept at another specified location. Records must be maintained for examination purposes until authorization to destroy is received from the director.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1415 - Confidentiality of records, exceptions.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1415. Confidentiality of records, exceptions. —
Information filed with the director is confidential and may not be disclosed without the prior written consent of the SPLRC, except:
(1) Information is discoverable in civil litigation provided:
(a) The SPLRC is found by the court to be a necessary party;
(b) The party seeking the information demonstrates by a clear and convincing standard that the information sought is relevant and necessary; and
(c) Where it is unavailable from other nonconfidential sources;
(2) The director may disclose the information to insurance regulators if:
(a) The regulator agrees in writing to maintain the confidentiality of the information; and
(b) The laws of the state in which the regulator serves preserve confidentiality of the information;
(3) In addition, the director may also disclose information to the Securities Exchange Commission if:
(a) The SEC agrees in writing to maintain the confidentiality of the information; and
(b) The SEC is authorized under securities law to request the information or the director is obligated to disclose the information.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1421 - Rulemaking authority.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2007
379.1421. Rulemaking authority. —
The director may promulgate all rules and regulations necessary to effectuate the purposes of sections 379.1353 to 379.1421. No regulations promulgated under this authority shall affect SPLRC contracts or other transactions approved prior to the effective date of such rules. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly under chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2007, shall be invalid and void.
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(L. 2007 S.B. 215)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1500 - Definitions.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1500. Definitions. —
As used in sections 379.1500 to 379.1550, the following terms shall mean:
(1)
"Director"
, the director of the department of commerce and insurance;
(2)
"Insurance company"
or
"insurer"
, any person, reciprocal exchange, interinsurer, or any other legal entity licensed and authorized by the director to write inland marine coverage;
(3)
"Insurance producer"
or
"producer"
, a person required to be licensed under the laws of this state to sell, solicit, or negotiate insurance;
(4)
"License"
, the same meaning as such term is defined in section 375.012;
(5)
"Location"
, any physical location in this state or any website, call center site, or similar location directed to residents of this state;
(6)
"Negotiate"
, the same meaning as such term is defined in section 375.012;
(7)
"Person"
, an individual or business entity;
(8)
"Portable electronics"
, electronic devices that are portable in nature, their accessories, and services related to the use of the device. Portable electronics does not include telecommunication and cellular equipment used by a telecommunication company to provide telecommunication service to consumers;
(9)
"Portable electronics insurance"
, an insurance policy issued by an insurer which may be offered on a month-to-month or other periodic basis as a group or master commercial inland marine policy issued to a vendor of portable electronics under which individual customers may elect to enroll for coverage for the repair or replacement of portable electronics which may cover portable electronics against any one or more of the following causes of loss: loss, theft, mechanical failure, malfunction, damage, or other applicable perils, but does not include:
(a) A service contract governed by sections 385.300 to 385.321;
(b) A policy of insurance covering a seller's or manufacturer's obligations under a warranty; or
(c) A homeowner's, renter's, private passenger automobile, commercial multiperil, similar policy, or endorsement to such policy that covers any portable electronics;
(10)
"Portable electronics insurance license"
, a license to sell or solicit portable electronics insurance;
(11)
"Portable electronics transaction"
, the sale or lease of portable electronics by a vendor to a customer or the sale of a service related to the use of portable electronics by a vendor to a customer;
(12)
"Sell"
, the same meaning as such term is defined in section 375.012;
(13)
"Solicit"
, the same meaning as such term is defined in section 375.012;
(14)
"Supervising business entity"
, the insurer or a licensed business entity producer designated by the insurer to supervise the actions of a vendor;
(15)
"Vendor"
, a person in the business of engaging in portable electronics transactions directly or indirectly.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1505 - Vendor license required — application, fee — termination date.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1505. Vendor license required — application, fee — termination date. —
1. No vendor shall sell or solicit portable electronics insurance coverage in this state unless such vendor has obtained a portable electronics insurance license.
2. A vendor applying for a portable electronics insurance license shall make application to the director on the prescribed form as required. On the prescribed form, the vendor shall be required to provide the name for an employee or officer of the vendor that is designated by the vendor as the person responsible for the vendor's compliance with the requirements of this section and such designated responsible person shall not be required to hold an insurance producer license. Such license shall authorize an employee or authorized representative of a vendor to sell or offer coverage under a policy of portable electronics insurance to a customer at each location at which the vendor engages in a portable electronics transaction.
3. Any vendor licensed under sections 379.1500 to 379.1550 shall pay an initial license fee to the director in an amount prescribed by the director by rule, but not to exceed one thousand dollars, and shall pay a renewal fee in an amount prescribed by the director by rule, but not to exceed five hundred dollars. License fees shall be deposited in the insurance dedicated fund.
4. Notwithstanding any provision of sections 375.012 to 375.018, a portable electronics insurance license, if not renewed by the director by its expiration date, shall terminate on its expiration date and shall not after such date authorize its holder to sell or solicit any portable electronics insurance under sections 379.1500 to 379.1550.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1515 - Insurance producers act, applicability of.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1515. Insurance producers act, applicability of. —
Persons licensed as vendors shall be subject to the provisions of sections 375.012 to 375.014, 375.018, 375.031, 375.046, 375.051, 375.052, 375.071, 375.106, 375.116, 375.141, and 375.144 of the insurance producers act.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1520 - Sanctioning of license, when — penalties, when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1520. Sanctioning of license, when — penalties, when. —
1. The director may suspend, revoke, or refuse to issue
*
any license or renew any license required by the provisions of sections 379.1500 to 379.1550 for any reason listed in section 375.141 or for any one or more of the following causes:
(1) Use of any advertisement or solicitation that is false, misleading, or deceptive to the general public or persons to whom the advertisement or solicitation is primarily directed;
(2) Obtaining or attempting to obtain any fee, charge, tuition, or other compensation by fraud, deception, or misrepresentation;
(3) Violation of any professional trust or confidence.
2. The director may impose other penalties that the director deems necessary and reasonable to carry out the purposes of sections 379.1500 to 379.1550, including:
(1) Suspending the privilege of transacting portable electronics insurance under sections 379.1500 to 379.1550 at specific locations where violations have occurred; and
(2) Suspending or revoking the ability of individual employees or authorized representatives to act under the license.
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(L. 2011 S.B. 132)
Effective 1-01-12
*Words "refuse to issue, or refuse to issue" appear in original rolls.
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1525 - Vendor investigation and examination requirements.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1525. Vendor investigation and examination requirements. —
Vendors shall be subject to the investigation and examination provisions of section 374.190.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1530 - Premiums, received by insurer, when — proof of purchase, insurer may require.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1530. Premiums, received by insurer, when — proof of purchase, insurer may require. —
Premiums received by a vendor or supervising business entity shall be deemed received by the insurer. Insurers may require consumers to provide proof of purchase.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1535 - Violations, director's authority.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1535. Violations, director's authority. —
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 379.1500 to 379.1550 or rule adopted or order issued thereunder, or that a person has materially aided or is materially aiding an act, practice, omission, or course of business constituting a violation of sections 379.1500 to 379.1550, or a rule adopted or order issued thereunder, the director may:
(1) Issue such administrative orders as authorized under section 374.046; or
(2) Maintain a civil action for relief authorized under section 374.048.
­­A violation of sections 379.1500 to 379.1550 or rule adopted or order issued thereunder is a level two violation under section 374.049.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1540 - Supervising business entity, sanctioning of license, when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1540. Supervising business entity, sanctioning of license, when. —
The license of a supervising business entity may be suspended, revoked, renewal refused, or an application refused if the director finds that a violation by a portable electronics insurance vendor was known or should have been known by the supervising business entity and the violation was neither reported to the director nor correction action taken. A violation of this section is a level three violation under section 374.049.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1550 - Rulemaking authority — effective date.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2012, see footnote
379.1550. Rulemaking authority — effective date. —
1. The director may promulgate rules to implement the provisions of sections 379.1500 to 379.1550. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in sections 379.1500 to 379.1550 shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. Sections 379.1500 to 379.1550 and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2011, shall be invalid and void.
2. The provisions of sections 379.1500 to 379.1550 shall become effective January 1, 2012.
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(L. 2011 S.B. 132)
Effective 1-01-12
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1700 - Definitions.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2016
379.1700. Definitions. —
As used in sections 379.1700 to 379.1708, the following terms shall mean:
(1)
"Digital network"
, any online-enabled application, software, website, or system offered or utilized by a transportation network company that enables the prearrangement of rides with transportation network company drivers;
(2)
"Personal vehicle"
, a vehicle that is used by a transportation network company driver and is:
(a) Owned, leased, or otherwise authorized for use by the transportation network company driver; and
(b) Not a taxicab, limousine, or for-hire vehicle under chapter 390;
(3)
"Prearranged ride"
, the provision of transportation by a driver to a rider, beginning when a driver accepts a ride requested by a rider through a digital network controlled by a transportation network company, continuing while the driver transports a requesting rider, and ending when the last requesting rider departs from the personal vehicle. A prearranged ride shall not include shared expense carpool or vanpool arrangements or transportation provided using a taxi, limousine, or other for-hire vehicle under chapter 390;
(4)
"Transportation network company"
, a corporation, partnership, sole proprietorship, or other entity that is licensed and operating in Missouri that uses a digital network to connect transportation network company riders to transportation network company drivers who provide prearranged rides. A transportation network company shall not be deemed to control, direct, or manage the personal vehicles or transportation network company drivers that connect to its digital network, except if agreed to by written contract;
(5)
"Transportation network company driver"
or
"driver"
, an individual who:
(a) Receives connections to potential riders and related services from a transportation network company in exchange for payment of a fee to the transportation network company; and
(b) Uses a personal vehicle to offer or provide a prearranged ride to riders upon connection through a digital network controlled by a transportation network company in return for compensation or payment of a fee;
(6)
"Transportation network company rider"
or
"rider"
, an individual or persons who use a transportation network company's digital network to connect with a transportation network driver who provides prearranged rides to the rider in the driver's personal vehicle between points chosen by the rider.
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(L. 2016 S.B. 947)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1704 - Disclosure of insurance coverage, how made.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2016
379.1704. Disclosure of insurance coverage, how made. —
The transportation network company shall disclose in writing to transportation network company drivers the following before they are allowed to accept a request for a prearranged ride on the transportation network company's digital network:
(1) The insurance coverage, including the types of coverage and the limits for each coverage, that the transportation network company provides while the transportation network company driver uses a personal vehicle in connection with a transportation network company's digital network; and
(2) That the transportation network company driver's own automobile insurance policy might not provide any coverage while the driver is logged on to the transportation network company's digital network and is available to receive transportation requests or is engaged in a prearranged ride depending on the policy's terms.
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(L. 2016 S.B. 947)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1706 - Disclosure statement — display.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2016
379.1706. Disclosure statement — display. —
A transportation network company shall make the following disclosure to a prospective driver in the prospective driver's terms of service:
IF THE VEHICLE THAT YOU PLAN TO USE TO PROVIDE TRANSPORTATION NETWORK COMPANY SERVICES HAS A LIEN AGAINST IT, USING THE VEHICLE FOR TRANSPORTATION NETWORK COMPANY SERVICES MAY VIOLATE THE TERMS OF YOUR CONTRACT WITH THE LIENHOLDER.
IF A TRANSPORTATION NETWORK COMPANY'S INSURER MAKES A PAYMENT FOR A CLAIM COVERED UNDER COMPREHENSIVE COVERAGE OR COLLISION COVERAGE, THE TRANSPORTATION NETWORK COMPANY SHALL CAUSE ITS INSURER TO ISSUE THE PAYMENT DIRECTLY TO THE BUSINESS REPAIRING THE VEHICLE OR JOINTLY TO THE OWNER OF THE VEHICLE AND THE PRIMARY LIENHOLDER ON THE COVERED VEHICLE.
­­The disclosure set forth in this section
*
shall be placed prominently in the prospective driver's written terms of service, and the prospective driver shall acknowledge the terms of service electronically or by signature.
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(L. 2016 S.B. 947)
*Word "subsection" appears in original rolls.
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1803 - Master policy issuance, certificates — content of master policy.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1803. Master policy issuance, certificates — content of master policy. —
1. A master policy shall be issued to the policyholder. Eligible employees or members insured under the master policy shall receive certificates of coverage setting forth a statement as to the insurance protection to which they are entitled.
2. No master policy or certificate of insurance shall be issued or delivered in this state unless the master policy form; together with all forms for riders, certificates, and endorsements to the master policy form; shall have met the applicable filing requirements in this state. No subsequent amendments to the master policy form or forms for riders, certificates, and endorsements to the master policy form shall be issued or delivered until they have met the applicable filing requirements in this state.
3. The master policy shall set forth the coverages, exclusions, and conditions of the insurance provided therein, together with the terms and conditions of the agreement between the policyholder and the insurer. The master policy shall make express provisions for the following:
(1) Methods of premium collection;
(2) Enrollment period, effective date provisions, and eligibility standards for employees or members;
(3) Termination of the master policy; and
(4) Conversion privileges of the employees or members.
4. If the master policy provides for remittance of premium by the policyholder, failure of the policyholder to remit premiums when due shall not be regarded as nonpayment of premium by the employee or member who has made his or her contribution on a timely basis.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1806 - Basic package of coverages and limits, additional coverages or limits — reduced coverage, when — coverage terminated, when — optional coverages or limits — stacking prohibited.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1806. Basic package of coverages and limits, additional coverages or limits — reduced coverage, when — coverage terminated, when — optional coverages or limits — stacking prohibited. —
1. The master policy shall provide a basic package of coverages and limits that are available to all eligible employees or members. The package shall include at least the minimum coverages and limits of insurance as required by law in that employee's or member's state of residence or in the state where the subject property is located, if applicable. In addition, the master policy may provide additional coverages or limits to be available at an increased premium to employees or members who qualify under the terms of the master policy.
2. The master policy shall provide coverage for all eligible employees or members who elect coverage during their initial period of eligibility, which period shall not be less than thirty-one days. Employees or members who do not elect coverage during the initial period and later request coverage shall be subject to the insurer's underwriting standards.
3. Coverage under the master policy may be reduced only as to all members of a class, and shall never be reduced to a level below the limits required by applicable law.
4. Coverage under the master policy may be terminated as to an employee or member only for:
(1) Failure of the employee or member to make required premium contributions;
(2) Termination of the master policy in its entirety or as to the class to which the employee or member belongs;
(3) Discontinuance of the employee's or member's membership in a class eligible for coverage; or
(4) Termination of employment or membership.
5. If optional coverages or limits are available by law in an employee's or member's state of residence, the policyholder's acceptance or rejection of the optional coverages or limits on behalf of the group shall be binding on the employees or members. If the policyholder rejects any coverages or limits that are required by law to be provided unless rejected by the named insured, notice of the rejection shall be given to the employees or members at or before the time their certificates of coverage are delivered.
6. Stacking of coverages or limits among separate certificates of insurance is prohibited under a master policy of group personal lines property and casualty insurance; except that, if separate certificates under the same master policy are issued to relatives living in the same household, the state law pertaining to stacking of individual policies shall apply to those certificates.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1809 - Rating plan, master policy premium — rates not unfairly discriminatory, when — experience refunds or dividends, when.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1809. Rating plan, master policy premium — rates not unfairly discriminatory, when — experience refunds or dividends, when. —
1. No master policy or certificate of insurance shall be issued or delivered in this state unless the rating plan and amendments thereto used in the determination of the master policy premium have met the applicable filing requirements in this state.
2. Group insurance premium rates shall not be deemed unfairly discriminatory if adjusted to reflect past and prospective loss experience or group expense factors, or if averaged broadly among persons insured under the master policy. Nor shall such rates be deemed to be unfairly discriminatory if they do not reflect individual rating factors, including surcharges and discounts required for individual personal lines property and casualty insurance policies.
3. Experience refunds or dividends may be paid to the policyholder of a group personal lines property and casualty insurance policy if the insurer's experience under that policy justifies experience refunds or dividends. However, if an experience refund or dividend is declared, it shall be applied by the policyholder for the sole benefit of the insured employees or members to the extent that the experience refund or dividend exceeds the policyholder's contribution to premium for the period covered by such experience refund or dividend.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1812 - Loss and expense experience statistics — employee purchase of insurance not required — premium taxes, allocation of premiums.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1812. Loss and expense experience statistics — employee purchase of insurance not required — premium taxes, allocation of premiums. —
1. An insurer issuing or delivering group personal lines property and casualty insurance shall maintain separate statistics as to the loss and expense experience pertinent thereto.
2. No insurer shall issue or deliver a group personal lines property and casualty insurance policy if it is a condition of employment or of membership in a group that any employee or member purchase insurance pursuant to the policy, or if any employee or member shall be subject to any penalty by reason of his or her nonparticipation.
3. (1) No insurer shall issue or deliver a group personal lines property and casualty insurance policy if:
(a) The purchase of insurance available under the policy is contingent upon the purchase of any other insurance, product, or service; or
(b) The purchase or price of any other insurance, product, or service is contingent upon the purchase of insurance available under the group personal lines property and casualty insurance policy.
(2) Subdivision (1) of this subsection shall not be deemed to prohibit the reasonable requirement of safety devices, such as heat detectors, lightning rods, theft prevention equipment and the like. Neither shall subdivision (1) of this subsection be deemed to prohibit the marketing of package or combination policies.
4. The insurer's experience from its group personal lines property and casualty insurance policies shall be included in the determination of the insurer's participation in the applicable residual market plans.
5. For purposes of premium taxes, the insurer shall allocate premiums in accordance with the rules applicable to individual personal lines property and casualty insurance policies, except that any required allocation may be based on an annual survey of insureds. Premiums shall be apportioned among states without differentiation between policyholder or employee or member contributions.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1815 - Licensure required for agent or broker of policies — exception for certain activities — countersignature requirements prohibited.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1815. Licensure required for agent or broker of policies — exception for certain activities — countersignature requirements prohibited. —
1. No person shall act in this state as an insurance agent or broker in connection with the solicitation, negotiation, or sale of a group personal lines property and casualty insurance policy unless the person is duly licensed under sections 375.012 to 375.146 as an insurance producer for the applicable lines of insurance. However, none of the following activities engaged in by the insurer or its employees, or the policyholder or its employees, shall require the licensing of such entities or persons as insurance producers:
(1) Endorsement or recommendation of the master policy to employees or members;
(2) Distribution to employees or members, by mail or otherwise, of information pertaining to the master policy;
(3) Collection of contributions toward premium through payroll deductions or other appropriate means, and remittance of the premium to an insurer; or
(4) Receipt of reimbursement from an insurer for actual, reasonable expenses incurred for administrative services that and which would otherwise be performed by the insurer with respect to the master policy. However, nothing herein shall supersede any applicable law or regulation that prohibits or regulates splitting of commissions with unlicensed persons, or rebating commissions or premiums.
2. No countersignature requirements shall apply to a group personal lines property and casualty insurance policy that is issued or delivered in this state pursuant to the provisions of sections 379.1800 to 379.1824.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1818 - Notice of termination, contents — conversion to individual policy, when — inapplicability.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1818. Notice of termination, contents — conversion to individual policy, when — inapplicability. —
1. Each employee or member covered under the master policy whose coverage thereunder terminates for any reason other than the failure to make required contributions toward premiums or at the request of the employee or member, shall receive from the insurer thirty days' prior written notice of termination or ineligibility. The notice shall state the reasons for discontinuance of coverage under the master policy, and shall explain the employee's or member's options for conversion to an individual policy.
2. If, within thirty days after receipt of notice of termination or ineligibility, application is made and the first premium is paid to the insurer, the employee or member shall be entitled to have issued to him or her by the insurer, or an affiliate within the same group of insurers, an individual policy, effective upon termination or ineligibility, with coverages and limits at least equal to the minimum coverages and limits of insurance as required by the applicable state law.
3. No individual notice of termination as provided in subsection 1 of this section and no conversion privilege as provided in subsection 2 of this section shall be required if the master policy is replaced by another master policy within thirty days. Coverage under the prior master policy shall terminate when the replacement master policy becomes effective.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1821 - Licensure required for issuance of policies — inapplicability to mass marketing and certain policies — rulemaking authority.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1821. Licensure required for issuance of policies — inapplicability to mass marketing and certain policies — rulemaking authority. —
1. No master policy or certificate of insurance shall be issued or delivered in this state unless issued or delivered by an insurer which is duly licensed in this state to write the lines of insurance covered by the master policy or is an eligible nonadmitted insurer pursuant to section 384.021.
2. The provisions of sections 379.1800 to 379.1824 shall not apply to the mass marketing or any other type of marketing of individual personal lines property and casualty insurance policies.
3. Sections 379.1800 to 379.1824 shall not apply to policies of credit property or credit casualty insurance that and which insure the debtors of a creditor or creditors with respect to their indebtedness.
4. Sections 379.1800 to 379.1824 shall not apply to policies of personal automobile insurance or personal motor vehicle liability insurance, nor shall such sections be construed as authorizing the sale or issuance of personal automobile insurance or personal motor vehicle liability insurance under a group or master policy within this state.
5. Sections 379.1800 to 379.1812 shall not apply to policies issued by a nonadmitted insurer pursuant to chapter 384.
6. Nothing in sections 379.1800 to 379.1824 shall limit the authority of the director with respect to complaints or disputes involving residents of this state arising out of a master policy that has been issued or delivered in another state.
7. The director may promulgate rules as necessary to implement and administer the provisions of sections 379.1800 to 379.1824. Any rule or portion of a rule, as that term is defined in section 536.010, that is created under the authority delegated in this section shall become effective only if it complies with and is subject to all of the provisions of chapter 536 and, if applicable, section 536.028. This section and chapter 536 are nonseverable and if any of the powers vested with the general assembly pursuant to chapter 536 to review, to delay the effective date, or to disapprove and annul a rule are subsequently held unconstitutional, then the grant of rulemaking authority and any rule proposed or adopted after August 28, 2021, shall be invalid and void.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1824 - Effective date.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 01 Jan 2022, see footnote
379.1824. Effective date. —
The provisions of sections 379.1800 to 379.1824 shall become effective January 1, 2022. No master policy or certificate of insurance shall be issued or delivered in this state after the effective date unless issued or delivered in compliance with sections 379.1800 to 379.1824. A master policy or certificate that is lawfully in effect on January 1, 2022, shall comply with the provisions of sections 379.1800 to 379.1824 within twelve months of such date.
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(L. 2021 H.B. 604 merged with S.B. 6)
Effective 1-01-22
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1850 - Lender-placed insurance, applicability — exceptions.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2023
379.1850. Lender-placed insurance, applicability — exceptions. —
1. Sections 379.1850 to 379.1869 shall apply to insurers and insurance producers engaged in any transaction involving lender-placed insurance, as defined in section 379.1851.
2. All lender-placed insurance written in connection with mortgaged real property, including manufactured homes and modular units, as defined in section 700.010, is subject to the provisions of sections 379.1850 to 379.1869, except:
(1) Transactions involving extensions of credit primarily for business, commercial, or agricultural purposes;
(2) Insurance offered by the lender or servicer and elected by the mortgagor at the mortgagor's option;
(3) Insurance purchased by a lender or servicer on real estate owned property;
(4) Insurance for which no specific charge is made to the mortgagor or the mortgagor's account.
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(L. 2023 S.B. 101)
2023 Missouri Revised Statutes › Title XXIV - Business and Financial Institutions › Chapter 379 - Insurance Other Than Life › Section 379.1853 - Effective, when — terminates, when — charges, limitation on length of term.

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379
• Effective - 28 Aug 2023
379.1853. Effective, when — terminates, when — charges, limitation on length of term. —
1. Lender-placed insurance shall become effective no earlier than the date of lapse of insurance upon mortgaged real property subject to the terms of a mortgage agreement or any other state or federal law requiring the same.
2. Individual lender-placed insurance shall terminate on the earliest of the following dates:
(1) The date insurance that is acceptable under the mortgage agreement becomes effective, subject to the mortgagor providing sufficient evidence of such acceptable insurance;
(2) The date the applicable real property no longer serves as collateral for a mortgage loan pursuant to a mortgage agreement;
(3) Such other date as specified by the individual policy or certificate of insurance;
(4) Such other date as specified by the lender or servicer; or
(5) The termination date of the policy.
3. An insurance charge shall not be made to a mortgagor for lender-placed insurance for a term longer than the scheduled term of the lender-placed insurance, nor shall an insurance charge be made to the mortgagor for lender-placed insurance before the effective date of the lender-placed insurance.
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(L. 2023 S.B. 101)