reglab/statecodes huggingface dataset:
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 7 - Security Deposits › Section 20 CSR 200-7.200 - Deposit of Securities Under a Book-Entry System

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule provides the procedures to verify
				  insurance company-owned securities being held by a clearing corporation or a
				  federal reserve bank in book-entry form and for withdrawal procedures where
				  these securities are on deposit with the Department of Commerce and Insurance
				  pursuant to section 400.8-108.3, RSMo.
(1) Securities Not Placed on Deposit.
(A) A custodial agreement between the
				depository (commercial bank or clearing corporation) and the insurance company
				must be in effect.
1. This custodial
				agreement must contain provisions which require the depository to provide
				verification that securities actually are on deposit.
2. The division may require verification from
				the custodian at any time it deems that verification is appropriate. Examples
				of appropriate verification documents are attached as Exhibits A-C.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 7 - Security Deposits › Section 20 CSR 200-7.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967; 376.170, RSMo
					 1939; 376.300, RSMo 1939, amended 1943, 1945, 1949, 1953, 1961, 1963, 1973,
					 1979, 1982, 1985; and 379.080, RSMo 1939, amended 1943, 1947, 1963, 1977, 1981,
					 1982, 1985, 1987, 1989.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 8 - Risk Retention › Section 20 CSR 200-8.100 - Federal Liability Risk Retention Act

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The proposed amendment removes an annual
				  filing requirement and language duplicative of statutes.
PURPOSE: This rule effectuates or aids in the
				  interpretation of sections 148.310-148.461,
				  375161.,
				  375786., 384.051 and 384.059,
				  RSMo as these sections relate to risk retention groups and purchasing
				  groups.
(1) Risk retention
				groups as defined in 15 USC
				Section 3901(a)(4), purchasing groups as
				defined in 15 USC Section
				3901(a)(5) and representatives of either will
				be deemed in compliance with sections
				375161. and
				375786., RSMo and other relevant
				insurance laws upon compliance with this regulation.
(2) Terms defined in section
				3751080., RSMo have the same
				meaning as used in this regulation.
(3) Risk Retention Group. Every risk
				retention group chartered in states other than this state, seeking to do
				business as a risk retention group in this state, shall observe and abide by
				the laws of this state as follows. Each risk retention group shall register,
				before offering insurance in this state, with the director by submitting for
				approval to the director the information concerning the risk retention group as
				is prescribed in this rule.
(A) Notice of
				Operations. Any risk retention group doing business in this state shall submit
				to the director notice of operations consisting of-
1. A copy of its certificate of authority or
				license authorizing it to transact business as an insurance company, certified
				by the state of domicile;
2. A
				statement identifying the state(s) in which the risk retention group is
				chartered and licensed as a liability insurance company, date of chartering,
				its principal place of business, the states in which the group intends to
				operate, and such other information, including information on its membership,
				as the director may require;
3. The
				identity of the initial members of the group, the identity of those individuals
				who organized the group or who will provide administrative services or
				otherwise influence or control the activities of the group, the amount and
				nature of initial capitalization, the coverage to be afforded, and the states
				in which the group intends to operate;
4. A copy of its plan of operations or a
				feasibility study, and revisions to the plan of operation or feasibility study
				if any information contained in it changes; and
5. A statement of registration on a form
				provided by the director which designates the director as its agent for the
				purpose of receiving service of legal documents or process.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 9 - Third-Party Administrators (TPAs) › Section 20 CSR 200-9.500 - TPA Name Requirements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment modernizes the rule and
				  changes the title to clarify its meaning.
(1) A third-party administrator (TPA) must
				use its true name for its certificate of authority to conduct business as a T
				PA in this state.
(2) A T PA will
				be permitted to use a fictitious name, an acronym or a portion of its true
				name, in its advertising, agreements, contracts, policies, evidences of
				coverage, filings with the director or any other publication of its name,
				provided that the T PA uses its true name at least once in each advertisement,
				agreement, contract, policy, evidence of coverage, filing with the director, or
				any other publication.
(3) Any T PA
				which does business as a TPA in this state under a fictitious name shall file
				with the director a copy of all documents, including the authorization from the
				Missouri secretary of state, which shows the legal authority for the TPA to use
				such other name. Any acronym or portion of the true name must be registered
				with the director.
(4) The director
				may institute disciplinary action for violations of this rule and take other
				action as is authorized by the provisions of sections
				374.046,
				375.942,
				and
				376.1094,
				RSMo and any other applicable law.
*Original authority: 374.045, RSMo 1967, amended 1993;
					 375.948, RSMo 1976, amended 1986, 1992; and 376.1095.1., RSMo
					 1993.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 9 - Third-Party Administrators (TPAs) › Section 20 CSR 200-9.600 - Application for Certificate of Authority

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates and modernizes the
				  rule, and also provides an alternate method for satisfying what has previously
				  been a burdensome requirement for new companies.
(1) A third-party administrator must complete
				an application for a certificate of authority, accompanied by a fee in the
				amount of one thousand dollars ($1000), along with all the documents requested
				by the application form, including a notarized Biographical Affidavit to be
				completed and signed by the appropriate persons, a completed Notification of
				Insurer/Trust Agreements form (see
				20 CSR
				200-9.800 ), a completed TPA Questionnaire, and a
				completed T PA 376.1092 Form. The above-referenced forms are available on the
				department's website or by contacting the department.
(2) Each application also must be accompanied
				by an audited financial statement or report for the two (2) most recent fiscal
				years in accordance with sections 375.1025-375.1062, RSMo, showing the current
				financial condition of the applicant. If the applicant has been in existence
				for fewer than two (2) fiscal years, this requirement may be satisfied by the
				provision of financial statements or reports, certified by an officer of the
				applicant and prepared in accordance with generally accepted accounting
				principles (GAAP) or the statutory statement of accounting principles (SSAP),
				for each completed fiscal year and for each month during the current fiscal
				year for which such financial statements or reports have been completed. An
				audited financial/annual report prepared on a consolidated basis shall include
				a columnar consolidating or combining worksheet filed with the report
				including:
(A) Amounts shown on the
				consolidated audited financial report shown on the worksheet;
(B) Amounts for each entity stated
				separately; and
(C) Explanations of
				consolidating and eliminating entries.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 9 - Third-Party Administrators (TPAs) › Section 20 CSR 200-9.700 - Renewal of Certificate of Authority

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment clarifies and modernizes the
				  rule.
(1) A renewal notice
				provided by the director of the Department of Insurance department must be
				submitted to the director along with a renewal fee of two hundred fifty dollars
				($250) by July 1 of each calendar year following the calendar year in which the
				certificate of authority was originally issued.
*Original authority: 376.1095, RSMo
					 1993.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 9 - Third-Party Administrators (TPAs) › Section 20 CSR 200-9.800 - Annual Filings Due by March 1

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the process and forms
				  to be used by a third-party administrator to notify the department of the names
				  and addresses of all insurers and trusts with which the third-party
				  administrator had an agreement during the preceding fiscal
				  year.
Before March 1 of each year following receipt of its
				  certificate of authority, the third-party administrator shall electronically
				  file an annual report with the director of the department pursuant to section
				  376.1093,
				  RSMo stating the complete names and addresses of all insurers and trusts with
				  which the administrator had an agreement during the preceding fiscal year
				  (Notification of Insurer/Trust Agreements form), a completed TPA Questionnaire,
				  a completed TPA 376.1092 Form, and an audited financial report for the
				  preceding calendar year. The above-referenced forms are available on the
				  department's website or by contacting the department.
*Original authority: 376.1095, RSMo 1993, 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 10 - Managing General Agent (MGA) › Section 20 CSR 200-10.100 - MGA Filing Requirements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements and administers
				  sections 375.147-375.153, RSMo regarding MGA filing
				  requirements.
(1) Insurer
				Filings. An insurer must file the documents listed under
				20 CSR
				200-10.200 for appointment of a managing general agent
				(MGA), if the insurer is-
(A) A foreign
				insurer holding a certificate of authority to transact insurance business in
				this state and has any person, firm, association, or corporation who with
				respect to any risk or risks located in this state produces, directly or
				indirectly, and underwrites an amount of gross premium equal to or more than
				five percent (5%) of the policyholder surplus as reported in any one (1)
				quarter or year together with one (1) or both of the following:
1. Adjusts or pays claims in excess of one
				thousand dollars ($1,000) per claim or five percent (5%) of the insurer's
				policyholders' surplus in the aggregate per year; or
2. Negotiates reinsurance on behalf of the
				insurer; or
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 10 - Managing General Agent (MGA) › Section 20 CSR 200-10.200 - Filings Required Within Thirty Days of Appointment of an MGA

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements and administers
				  sections 375.147-375.153, RSMo regarding filings required within thirty days of
				  appointment.
(1) Any insurer
				who is required under
				20 CSR 200-10.100
				to file for appointment of a managing general agent (MGA) must complete and
				file the following within thirty (30) days of that appointment:
(A) The Appointment Form MGA-1. (see
				20 CSR 200-10.500
				) This form must list all information requested, including, but not limited to,
				the name and Missouri insurance producer's license number of the MGA. Attached
				to Form MGA-1 shall be the following exhibits, unless the insurer has obtained
				an express waiver from the director:
1. A
				copy of a fidelity bond for the protection of the insurer in the minimum amount
				of one hundred thousand dollars ($100,000) with no deductible; and
2. A copy of the MGA's errors and omissions
				liability policy in the minimum amounts of one hundred thousand dollars
				($100,000) per occurrence or claim and one (1) million dollars aggregate;
				and
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 10 - Managing General Agent (MGA) › Section 20 CSR 200-10.300 - Annual Certification and Filing

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE OF AMENDMENT: This amendment clarifies the
				  rule, creates an alternative to the annual CPA audit, and removes a reference
				  to 20 CSR
				  200-10.500 that will no longer be accurate when Form
				  MGA-3 is removed from that rule.
PURPOSE: This rule implements and administers
				  sections 375.147- 375.153, RSMo regarding annual certification and
				  filing.
(1) Annual
				Certification and Filing. Each insurer which has appointed a managing general
				agent (MGA) annually each January 1 shall-
(A) Certify the existence or performance of
				the continued obligations imposed by section
				375.150,
				RSMo by filing for each appointed MGA a completed certification on Form MGA-3
				200-10.500); and
(B) File a copy
				of the report of the most recent annual independent financial examination of
				the MGA, which may be satisfied by either an audit by a certified public
				accountant, or in some other form approved by the director.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 10 - Managing General Agent (MGA) › Section 20 CSR 200-10.400 - Termination of Appointment

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment removes a reference to
				  20 CSR
				  200-10.500 that will no longer be accurate when Form
				  MGA-4 is removed from that rule.
Termination of Appointment. Within thirty (30) days after the
				  termination of appointment of a managing general agent (MGA), an insurer shall
				  complete and file Form MGA-4.
*Original authority: 374.045, RSMo 1967 and 375.153, RSMo
					 1990.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 10 - Managing General Agent (MGA) › Section 20 CSR 200-10.500 - Forms

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements and administers
				  sections 375.147-375.153, RSMo regarding forms.
(1) The forms referenced in this chapter may
				be obtained from the department's website or by contacting the department, and
				may be freely copied.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995, 2008 and 375.153, RSMo 1990.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 10 - Managing General Agent (MGA) › Section 20 CSR 200-10.600 - On-Site Review

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements and administers
				  sections 375.147-375.153, RSMo, with regard to more clearly defining the
				  requirement that an insurer "shall periodically conduct an on-site review" of
				  its managing general agents under section
				  375.150(3),
				   RSMo.
The requirement in section
				  375.150(3),
				   RSMo that "the insurer shall periodically
				  conduct an on-site review of the underwriting and claims processing operations
				  of the managing general agent" will be deemed satisfied only if that review is
				  conducted at least semi-annually.
*Original authority: 374.045, RSMo 1967 and 375.153, RSMo
					 1990.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 11 - Control and Management of Insurance Companies › Section 20 CSR 200-11.120 - Material Transactions Between Affiliates Under Section 382.195.1(7), RSMo

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment corrects an error in the rule
				  title, modernizes the rule, and removes unnecessary language.
PURPOSE: This rule specifies certain material
				  transactions involving a domestic insurer and any person in its holding company
				  system, which transactions are not to be entered into unless the insurer has
				  notified the director in writing of its intention to enter into such a
				  transaction at least thirty (30) days prior thereto, or such shorter period as
				  the director may permit, and the director has not disapproved such
				  transaction.
(1) The
				transactions specified within or under section (2) of this rule constitute
				material transactions which the director determines may adversely affect the
				interests of the insurer's policyholders within the meaning of section
				382.195.1(7), RSMo.
(2) Any
				agreement, arrangement, or contract, except for those agreements, arrangements,
				or contracts covered by subdivisions (1) through (6) of section 382.195.1,
				RSMo, in which the consideration to or from or anticipated to or from the
				domestic insurer has a value exceeding one-half of one percent (0.5%) of the
				domestic insurer's admitted assets as of the thirty-first day of December next
				preceding, involving a domestic insurer and any person in its insurance holding
				company system, including amendments or modifications of affiliate agreements
				previously filed under section
				382.195,
				RSMo, shall not be entered into unless the insurer has notified the director in
				writing through use of Form D to
				20 CSR
				200-11.101 of its intention to enter into such
				transaction at least thirty (30) days prior thereto, or such shorter period as
				the director may permit, and the director has not disapproved it within such
				period (see section 382.195.1, RSMo).
(3) Section 382.195.1, RSMo requires that the
				notice for amendments or modifications include the reasons for the change and
				the financial impact on the domestic insurer.
(4) A domestic insurer shall not enter into
				transactions, whether described in section (2) of this rule or subsection 1. of
				section
				382.195,
				RSMo, which are part of a plan or series of like transactions with persons
				within the insurance holding company system if the purpose or effect of those
				separate transactions is to avoid the statutory or regulatory threshold amount
				and thus avoid the review that would occur otherwise. If the director
				determines that such separate transactions were entered into over any twelve-
				(12-) month period for such purpose, the director may exercise the director's
				authority under section
				382.265,
				RSMo.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 382.195, RSMo 1992.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 11 - Control and Management of Insurance Companies › Section 20 CSR 200-11.130 - Materiality, Fairness, and Reasonableness of Certain Affiliated Transactions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment modernizes the rule and
				  removes unnecessary language.
PURPOSE: The purpose of this rule is to carry out the
				  provisions of section
				  382.190,
				  RSMo . Specifically, this rule provides the standards by which the director
				  will determine whether a transaction is material for purposes of section
				  382.190(1)
				  and (2), RSMo, whether the terms of material
				  transactions between a registered insurer and its affiliates are "fair and
				  reasonable" for purposes of section
				  382.190(1),
				  RSMo, and whether charges or fees for
				  services are "reasonable" for purposes of section
				  382.190(2),
				   RSMo.
(1) A transaction is a "material transaction"
				for purposes of section
				382.190(1)
				and (2), RSMo, if:
(A) It involves a registered insurer and one
				(1) or more of its affiliates; and
(B) Such transaction, including amendments or
				modifications to an existing material transaction:
1. Involves more than one-half of one percent
				(0.5%) of such insurer's admitted assets as of the thirty-first day of December
				next preceding the transaction; or
2. Is part of a plan or series of like
				transactions with persons within the same holding company system as such
				insurer and the purpose or effect of such transactions is to avoid the
				threshold established in paragraph 1 of subsection (B) of this section and thus
				avoid the review that would otherwise occur.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 11 - Control and Management of Insurance Companies › Section 20 CSR 200-11.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967 and 375.164, RSMo
					 1939, amended 1967.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 12 - Missouri and Extended Missouri Mutual Companies › Section 20 CSR 200-12.010 - Custody of Corporate Records of Extended Missouri Mutuals

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: Since the Department of Commerce and
				  Insurance does not have the facilities to maintain the actual records of
				  extended Missouri mutual insurance companies, this rule allows the secretary of
				  state's office, which has this capability, to do so on be half of the
				  Department of Commerce and Insurance.
(1) The secretary of state is appointed as
				custodian of all the corporate records and papers of extended Missouri mutuals
				operating under the provisions of sections 380.201- 380.591, RSMo
				(1986).
(2) Whenever any company
				operating under the provisions of sections 380.011-380.151, RSMo (1986) shall
				elect to come under the provisions of sections 380.201-380.591, RSMo (1986),
				the secretary of state shall transfer to the director of insurance all records
				and papers filed in the Office of the Secretary of State by the company so that
				the Department of Insurance may make microfilm copies of the records and
				papers. Once they have been microfilmed, the director of insurance shall
				transfer the original records and papers back to the secretary of state so that
				they may be maintained in the same manner as for any other insurance
				company.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 380.221, RSMo 1984, amended 1992; and 380.561, RSMo 1984, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 12 - Missouri and Extended Missouri Mutual Companies › Section 20 CSR 200-12.020 - Extended Missouri Mutual Companies' Approved Investments

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE:
This amendment changes the limitations on
				  approved investments available to extended Missouri mutual companies organized
				  under the provisions of sections 380.201-380.591, RSMo.
(1) Approved Investments. In addition to the
				investments expressly permitted under section
				380.471,
				RSMo, the following described investments shall be "approved by the director"
				under the provisions of section
				380.471,
				RSMo:
(A) Corporate bonds or bonds of any
				state of the United States other than Missouri or of any county or other
				political subdivision thereof, with the following ratings:
1. A3 or higher by Moody's Investors
				Service;
2. A- or higher by
				Standard and Poor's Ratings Group; or
3. A- or higher by Fitch Ratings;
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 12 - Missouri and Extended Missouri Mutual Companies › Section 20 CSR 200-12.030 - Extended Missouri and Missouri Mutual Companies' Financial Reinsurance Requirements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates the language of the
				  rule.
PURPOSE: This rule effectuates and aids in the
				  interpretation of sections 380.021.2. and 380.271, RSMo, relating to the
				  financial reinsurance requirements applicable to extended Missouri mutual
				  companies organized under the provisions of sections 380.201- 380.591, RSMo,
				  and to Missouri mutual companies organized under the provisions of sections
				  380.011-380.151, RSMo.
(1) The
				director deems that to protect the policyholders of extended Missouri mutual
				companies and Missouri mutual companies, such companies shall acquire annual
				aggregate reinsurance to cover one hundred percent (100%) of losses in excess
				of the attachment point, with an attachment point calculated annually in
				accordance with the Extended Missouri and Missouri Mutual Exposure Calculation
				form, which is included herein, so as to prevent an annual loss from coverages
				written of not greater than twenty percent (20%) of the company's surplus as of
				the immediately preceding December 31. The director may require additional
				reinsurance if necessary to protect the policyholders of any such
				company.
(2) Surplus, as used in
				section (1) of this rule, means admitted assets minus liabilities in the
				amounts reported in the company's annual statement filed with the director each
				year.
(3) The director may-
(A) Upon application to the director by a
				Missouri mutual or extended Missouri mutual insurance company, approve an
				exception to the requirements of section (1) based upon the director's
				consideration of the following factors:
1.
				Whether the cost of reinsurance complying with section (1) is prohibitive for
				the company;
2. The company's
				annual written premium relative to the company's policyholders'
				surplus;
3. The company's overall
				financial strength; and
4. Any
				other factors relevant to the company's financial condition; and
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 13 - Real Estate › Section 20 CSR 200-13.100 - Appraisal Requirements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment updates statutory references,
				  relaxes a regulatory restriction, and gives meaning to an exemption that has
				  not been useable since 1993.
PURPOSE: This rule upgrades the quality of real
				  estate appraisals used by insurers by requiring appraisals that meet the same
				  standards as those applicable to federally-regulated financial institutions.
				  This rule effectuates or aids in the interpretation of sections
				  375.330,
				  376.302,
				  and
				  379.080,
				  RSMo.
(1) Any real estate
				held as an investment for the production of income pursuant to section
				375.330.1(7), RSMo, or any mortgage loan made pursuant to section
				376.302
				or
				379.080.1(2)(f),
				RSMo, excluding purchase money mortgages as identified in section
				376.302.1(1)(a), RSMo, may be held as an admissible asset only if the
				appraisal-
(A) Is made of real estate no more
				than one hundred eighty (180) days before the date the deed or mortgage is
				recorded in the appropriate public records;
(B) Is a written statement that is
				independently and impartially prepared by a licensed or certified appraiser
				setting forth an opinion of defined value of an adequately described property
				as of a specific date, supported by presentation and analysis of relevant
				market information;
(C) Provides
				the current market value of the real estate, that is the value of the real
				estate in an arms-length sale as of the date of the appraisal; and
(D) Is made by an individual who is-
1. On the national registry of
				state-certified and licensed appraisers who are eligible to perform appraisals
				in federally related transactions, which national registry is maintained
				pursuant to
				12 USC Section
				3332; and
2. Certified or licensed to make the
				appraisal by the state in which the real estate is located.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 13 - Real Estate › Section 20 CSR 200-13.200 - Mortgage Loans as Admissible Assets

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule effectuates or aids in the
				  interpretation of sections
				  376.302
				  and
				  379.080.1(2)(f),
				  RSMo.
(1) Definitions.
(A) Current, as used in this rule, is defined
				to mean as of the approximate date of loan.
(B) Mortgage loans, as used in this rule,
				include promissory notes secured by deeds of trust or other lien instruments on
				real estate.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 13 - Real Estate › Section 20 CSR 200-13.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967 and 375.330, RSMo
					 1939, amended 1945, 1947, 1949, 1957, 1961, 1979, 1985, 1990.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 14 - Multiple Employer Self-Insured Health Plans › Section 20 CSR 200-14.100 - Application for Certificate of Authority

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the process and forms
				  to be used by a multiple employer self-insured health plan in applying for a
				  certificate of authority to transact business in Missouri.
(1) An Application for Certificate of
				Authority form must be completed for a Multiple Employer Self-Insured Health
				Plan that does not meet the exemption standards of 376.1002, RSMo. Each
				application must be accompanied by a fee in the amount of one hundred sixty
				dollars ($160), along with all the documents requested on Section C of the
				application form, even if the Multiple Employer Self-Insured Health Plan had
				commenced operations prior to the effective date of this rule (June 6,
				1994).
(2) Each application must
				also be accompanied by the most recent audited financial report in accordance
				with sections 375.1025- 375.1062, RSMo, and which includes those items
				specified in 376.1012, RSMo showing the condition and affairs of the
				plan.
(3) Each trustee of a
				Multiple Employer Self-Insured Health Plan shall obtain a fidelity bond from a
				licensed insurer in an amount of not less than one hundred fifty thousand
				dollars ($150,000).
(4) A copy of a
				Contract between Multiple-Employee Self-Insured Health Plan and Participating
				Employer form must be completed and executed by each participating employer and
				filed with the director of the Department of Commerce and Insurance by the plan
				as part of its application for a certificate of authority.
*Original authority: 374.045, RSMo 1967; 375.786, RSMo
					 1972, amended 1977; and 376.1002, 376.1005, 376.1007, 376.1012, 376.1025,
					 376.1030, RSMo 1993.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 14 - Multiple Employer Self-Insured Health Plans › Section 20 CSR 200-14.200 - Renewal of Certificate of Authority

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the process and forms
				  to be used by a multiple employer self-insured health plan to renew its
				  certificate of authority.
(1)
				An Application for Certificate of Authority form must be completed and
				submitted to the director of the Department of Commerce and Insurance by March
				1 of each year, along with the license fee prescribed by section 376.1005.2,
				RSMo, in order to renew a multiple employer self-insured health plan's
				certificate of authority.
(2) By
				March 1 of each calendar year, each multiple employer self-insured health plan
				must submit an annual report consisting of the National Association of
				Insurance Commissioners health annual statement convention blank, as well as an
				annual audited financial report prepared in accordance with sections
				375.1025-375.1062, RSMo, and which include those items specified in section
				376.1012(4),
				RSMo showing the condition and affairs of the plan as of the preceding December
				31. A multiple employer self-insured health plan may request an extension to
				June 1 for filing the annual audited financial report, which will be granted
				for good cause shown.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995, 2008; 375.786, RSMo 1972, amended 1977, 1993, 1998, 2007, 2014; 376.1005,
					 RSMo 1993; 376.1012, RSMo 1993, 2007; and 376.1025, RSMo 1993, amended
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 14 - Multiple Employer Self-Insured Health Plans › Section 20 CSR 200-14.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967; 375.786, RSMo
					 1972, amended 1977; and 376.1025 and 376.1030, RSMo
					 1993.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 14 - Multiple Employer Self-Insured Health Plans › Section 20 CSR 200-14.400

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 375.786, RSMo 1972, amended 1977, 1993, 1998; 376.1022, RSMo 1993; and
					 376.1025, RSMo 1993, amended 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.010

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.020

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.030

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.040

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.050

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.060

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.070

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.080

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.090

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.100

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.110

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.120

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 16 - Conversion of Mutual Life Insurance Holding Company › Section 20 CSR 200-16.130

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority 374.045, RSMo 1967, amended 1993,
					 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 17 - Admissions › Section 20 CSR 200-17.100 - Procedure for Forming a Missouri Domestic Insurance Company

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment removes outdated language and
				  updates the rule to reflect the modern procedure for forming a Missouri
				  domestic insurance company.
(1) The procedures outlined in section (2) of
				this rule are the procedures for the successful formation of a Missouri
				domestic insurance company authorized to transact an insurance business in this
				state. The steps outlined in subsections (A) through (F) of section (2) are set
				forth in chronological order.
(2) A
				Missouri domestic insurance company shall be formed in accordance with the
				following procedures and forms:
(A) The
				incorporators form the corporation that will become an insurance company
				organized under the laws of the state of Missouri. The incorporators must:
1. Issue a declaration of intent to form an
				insurance company and state its articles of incorporation to comply with the
				requirements of Missouri law. See sections
				376.010
				to
				376.120,
				RSMo (life insurance companies) and sections
				379.010
				to
				379.065,
				RSMo (other than life). Particular attention should be paid to the requirements
				for the number and residence of the members of the board of directors and the
				place where the principal office for the conduct of the insurance company's
				business will be conducted. Prior to publication, the company is encouraged to
				provide a draft of the declaration and articles of incorporation to the
				Division of Insurance Company Regulation (division) of the department for
				review;
2. Publish the declaration
				and the articles pursuant to law; and
3. File with the division an affidavit of
				publication from the publisher of the declaration and articles, and the
				articles in triplicate original; and
4. Submit to the division a completed Uniform
				Certificate of Authority Application (UCAA)-primary application. Upon request,
				the division will provide information regarding-
A. How to obtain the appropriate UCAA form
				(including any forms specific to Missouri under the UCAA review process);
				and
B. The application of the
				statutory standards for evaluating an application for a certificate of
				authority;
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 17 - Admissions › Section 20 CSR 200-17.200 - Procedure for Foreign Insurer to Obtain a Certificate of Authority to Transact the Business of Insurance

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment removes outdated
				  language.
(1) Any foreign
				insurance company, as that term is used in section
				375.811,
				RSMo, making application to the director of the department for a certificate of
				authority to transact an insurance business in the state of Missouri shall do
				so by filing both of the following:
(A) A
				completed Uniform Certificate of Authority Application (UCAA) form as follows:
1. An expansion application, if the applicant
				is organized under the laws of a uniform state; or
2. A primary application, if the applicant is
				not organized under the laws of a uniform state; and
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 18 - Warranties and Service Contracts › Section 20 CSR 200-18.010 - Registration of Motor Vehicle Extended Service Contract Providers

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment clarifies the annual
				  registration process for motor vehicle service contract providers and removes
				  outdated language.
(1) Each
				motor vehicle extended service contract provider shall register with the
				director, on a form provided by the director, prior to issuing any motor
				vehicle extended service contracts and annually thereafter between January 1
				and February 1 of each year by completing and filing an application for motor
				vehicle extended service contract provider registration.
(A) Before issuing any "motor vehicle
				extended service contract," as that term is used in section
				385.200, RSMo, unless
				such issuance occurs in January 2008, in which case registration must occur
				between January 1 and February 1 of 2008; and
(B) Annually thereafter between January 1 and
				February 1.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 18 - Warranties and Service Contracts › Section 20 CSR 200-18.020 - Faithful Performance of a Motor Vehicle Extended Service Contract Provider's Obligations

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This proposed amendment revises and
				  restructures rules relating to assurances of faithful performance required
				  under section 385.202.3, RSMo.
(1) Each provider who is contractually
				obligated to the service contract holder under the terms of a motor vehicle
				extended service contract is responsible for maintaining proof of its assurance
				of faithful performance and its continuing compliance with the requirements of
				section
				385.202,
				RSMo, with the director.
(2) The
				following applies to reimbursement insurance policies used to assure the
				faithful performance of a provider's obligations to its contract holders as set
				forth in section 385.202.3(1), RSMo:
(A) Any
				such policy is acceptable only if it is issued by an insurance company
				authorized to transact insurance in this state. As used in this paragraph, the
				term "insurance company authorized to transact insurance in this state" means
				either an insurance company with a valid certificate of authority from the
				director to transact liability insurance or a financially responsible risk
				retention group (RRG) meeting the following requirements:
1. Such RRG is registered in good standing
				with the director pursuant to sections 375.1080-375.1105, RSMo;
2. Such RRG
3. Such RRG is authorized to transact
				liability insurance in this state.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 200 - Insurance Solvency and Company Regulation › Chapter 18 - Warranties and Service Contracts › Section 20 CSR 200-18.030 - Licensure of Motor Vehicle Extended Service Contract Producers

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule effectuates and aids in the
				  interpretation of sections
				  385.200 to
				  385.220, RSMo, by
				  defining "affiliated entities," "authorized employees," and "subsidiaries," and
				  setting the fees for applications.
(1) Definitions. As used in section
				385.206,
				RSMo, the following terms shall mean:
(A)
				"Administrative fee," a fee charged by a motor vehicle service contract
				provider upon the cancellation of a motor vehicle extended service contract by
				a service contract holder;
(B)
				"Affiliated entity," any company in the same corporate system as a parent, or a
				member organization by virtue of common ownership, control, operation, or
				management;
(C) "Authorized
				employee," an individual who meets the following criteria:
1. Is employed full-time or part-time by one
				(1) of the following entities listed in section
				385.206,
				RSMo: a motor vehicle dealer; a manufacturer of motor vehicles; a federally
				insured depository institution; a lender; a provider; or an administrator under
				contract to effect coverage, collect provider fees, and settle claims on behalf
				of a provider;
2. Has been granted
				authority by such entity to sell, offer, negotiate, or solicit motor vehicle
				extended service contracts in Missouri on behalf of the entity;
3. Is not an employee or independent
				contractor of any person, except an administrator, required to hold a motor
				vehicle extended service contract producer license under section
				385.206,
				RSMo, in order to sell, offer, negotiate, or solicit a motor vehicle extended
				service contract in Missouri; and
4. Is identified by the entity as an
				"authorized employee" in a record available to the director under section
				385.210,
				RSMo; and
(D)
				"Subsidiary," an affiliated entity that is under the control of a
				provider.