reglab/statecodes huggingface dataset:
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.012 - Variable Life and Variable Annuity Contract Examination

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the examination
				  requirements for applicants for qualification for the variable life and
				  variable annuity line of authority.
(1) No insurance producer is authorized to
				solicit, offer for sale, or sell any variable life or variable annuity contract
				in this state, unless prior to making any solicitation, offer, or sale of this
				contract, the producer is qualified under the variable life and variable
				annuity line of authority as required under section 375.018.1(5),
				RSMo.
(2) The applicant for
				qualification under the variable life and variable annuity line of authority
				shall have passed either the Series 6 or Series 7 examination administered by
				Financial Industry Regulatory Authority (FINRA).
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 375.016, RSMo 1965, amended 1967, 1981, 2001; 375.018, RSMo 1965, amended
					 1967, 1981, 1984, 1985, 1990, 1991, 1992, 1993, 2001, 2002; and 376.309, RSMo
					 1963, 1969, 1983, 1992, 1993, 2007.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.020 - Transacting Business as an Insurance Producer

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule effectuates and aids in the
				  interpretation of the definition of insurance producer as stated in section
				  375.012, RSMo by
				  describing without limitation by enumeration activities for which licensure is
				  required.
(1) Solicitation of
				an Insurance Contract.
(A) Unless otherwise
				specifically provided by section
				375.012, RSMo, no
				person shall solicit an insurance contract in Missouri unless s/he is a
				licensed insurance company, its employee or an insurance producer.
(B) Solicitation of an insurance contract
				includes, but is not limited to, the following activities:
1. Disseminating information as to rates
				secured by reference to a published or printed list or computer database of
				standard rates;
2. Initiating sales
				over the telephone other than scheduling appointments with insurance producers
				to discuss insurance;
3. Advising
				an insured to purchase additional insurance when receiving payment for existing
				business;
4. Signing an application
				or an order for insurance; and
5.
				Advising a prospective purchaser on the terms of existing coverage.
(C) Solicitation of an insurance
				contract does not include the following activities:
1. Dispensing brochures and other general
				information so long as there is no conversation relating to the terms of an
				insurance contract;
2.
				Disseminating buyer's guides, applications for coverage, coverage selection
				forms, or other similar forms in response to a request from prospective or
				current policy-holders so long as there is no conversation relating to the
				terms of an insurance contract;
3.
				Receiving and recording information from a policyholder to give to an insurance
				producer for his or her review and response; or
4. Scheduling appointments with insurance
				producers to discuss insurance.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.025 - Conduct of the Business of Insurance Over the Internet

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The amendment to this rule modernizes
				  language and updates the statutory authority.
PURPOSE: This regulation provides general guidelines
				  for the conduct of insurance business in Missouri over the
				  Internet.
(1) All laws and
				rules applying to the conduct of the business of insurance apply to the
				business of insurance conducted and transacted over the Internet.
(2) Each web site or home page of an
				insurance producer or insurance company shall contain-
(A) An address and telephone number for
				contact with the insurance producer or insurance company; and
(B) A notice of the state(s) in which they
				are authorized or licensed to engage in the business of insurance.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.040

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 375.012, RSMo 1961, amended 1965, 1967, 1981, 1993, 1997, 2001, 2007;
					 375.014, RSMo 1965, amended 1967, 2001; 375.016, RSMo 1965, amended 1967, 1981,
					 2001; 375.017, RSMo 1967, amended 1981, 2000, 2001; and 375.018, RSMo 1965,
					 amended 1967, 1981, 1984, 1985, 1990, 1991, 1992, 1993, 2001,
					 2002.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.050

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 375.012, RSMo 1961, amended 1965, 1981, 1993, 1997, 2001; 375.014, RSMo
					 1965, amended 1967, 2001; 375.018, RSMo 1965, amended 1967, 1981, 1984, 1985,
					 1990, 1991, 1992, 1993, 2001, 2002; and 375.071, RSMo 1961, amended 1967, 1984,
					 2001.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.060 - Retrospective Commission Contracts Prohibited

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation specifies restrictions on
				  the authority of insurance producers to settle claims when they profit directly
				  from the refusal to pay claims. This regulation was adopted pursuant to the
				  provisions of section
				  374.045,
				  RSMo and implements sections
				  375.141
				  and
				  375.445,
				  RSMo.
(1) Retrospective
				Commission Contracts Prohibited. No insurance company licensed or authorized to
				do business in Missouri may use any plan of payment to its insurance producers
				by which the company receives an agreed portion of its earned premium free from
				any normal claims and allows any insurance producer or other person to pay all
				normal claims from the remainder and retain as his/her compensation the money
				not paid to claimants.
(2) Profit
				Sharing Permitted. Commission agreements may contain a provision for varying
				the amount of commission paid an insurance producer with the loss experience of
				the policies s/he has written, provided the company is directly liable for and
				does pay claims and the insurance producer has no authority to deny or refuse
				to pay or compromise any claim.
(3)
				Records Required. Copies of all these agreements shall be maintained as
				business records by both the company and the insurance producer for three (3)
				years for inspection by the director or his/her duly appointed agent.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 375.141, RSMo 1961, amended 1965, 1967, 1981, 1984, 1989, 1993, 2001; and
					 375.445, RSMo 1967.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.070 - Coverages Permitted to be Sold Under Credit License

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: The purposes of the amendment to this rule
				  are to remove obsolete statutory references, streamline grammar, and update the
				  statutory authority.
PURPOSE: This regulation describes what coverages may
				  be offered or sold under a limited credit insurance producer
				  license.
(1) No credit life
				insurance may be offered or sold that-
(A) Is
				issued upon the life of any person other than the debtor(s);
(B) Exceeds the term of indebtedness it
				secures except as provided in section
				385035., RSMo; or
(C) Exceeds at any time the amount of the
				indebtedness it secures except when-
1.
				Caused by voluntary prepayment of a portion of the loan;
2. The insurance is written on agricultural
				credit transaction commitments;
3.
				The insurance is written on educational credit transaction commitments;
				or
4. Insurance is written on
				residential real estate-secured credit transaction commitments. In addition, no
				credit life insurance that contains a conversion privilege may be offered or
				sold.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.080 - Representatives of Reciprocal and Interinsurance Exchanges to be Licensed

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation requires representatives of
				  reciprocal and interinsurance exchanges to be licensed. This regulation is
				  adopted pursuant to the provisions of section
				  374.045,
				  RSMo and implements sections
				  375.012,
				  375.014,
				  375.016
				  and 375.018, RSMo.
(1) All
				persons who represent interinsurance exchanges or the attorney-in-fact for the
				exchanges and whose compensation is in part or in whole paid in the form of
				commissions on the business written or a portion of the deposit shall be duly
				licensed by this department.
(2)
				This order shall not apply to salaried representatives of the
				attorney-in-fact.
*Original authority: 374.045, RSMo 1967, amended 1993;
					 375.012 and 375.014, RSMo 1965, amended 1967; 375.016, RSMo 1965 amended 1967,
					 1981; and 375.018, RSMo 1965, amended 1967, 1981, 1984,
					 1985.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.100 - Producer Service Agreements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation provides for Producer
				  Service Agreements.
(1) A
				producer service agreement may be used to establish compensation. The form set
				forth in Exhibit A is approved for use as specified in section
				375.116,
				RSMo. Substantially equivalent forms may be used where they contain other
				provisions and do not affect the content as provided in Exhibit A. The producer
				service agreement, which is included herein, must be a separate document from
				any other form or contract.
(2)
				Each producer service agreement may cover multiple contracts of insurance
				negotiated or procured for the same insured or prospective insured where the
				insurance producer's compensation falls within the requirements of section
				375.116.3, RSMo. Each insurance producer shall retain one (1) copy of the
				producer service agreement in the producer's office for three (3) years and
				deliver one (1) copy to the insured.
(3) The producer service agreement shall
				contain a list of the policies it covers.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.120 - Certain Representatives of Prepaid Dental Corporations to be Licensed

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation requires representatives of
				  prepaid dental corporations who solicit contracts on behalf of the corporation
				  to be licensed as insurance producers with the Department of Insurance pursuant
				  to section
				  354.721,
				  RSMo.
(1) Any person who
				solicits membership contracts on behalf of prepaid dental corporations or
				offers or assumes to act in negotiation of the contracts, whether a salaried
				representative of the corporation or one whose compensation is in part or in
				whole paid in the form of commissions on the business written, shall be duly
				licensed by this department as an accident and health insurance
				producer.
(2) No person shall act
				in this state as an insurance producer for a prepaid dental corporation unless
				s/he is licensed by the director as provided in this regulation.
(3) Persons desiring to solicit contracts on
				behalf of prepaid dental corporations shall comply with
				20
				CSR 700-1.010 and
				20 CSR
				700-3.100 as the regulations relate to insurance
				producer's examination and licensing procedures and standards.
(4) Persons desiring to solicit contracts on
				behalf of prepaid dental corporations, in addition, shall be subject to the
				provisions of sections 375.016-375.022, 375.046-375.051 and 375.081,
				RSMo.
(5) The director may revoke
				or suspend, for a period as s/he may determine, any license of any insurance
				producer, if it is determined as provided by sections 621.045-621.205, RSMo,
				that the licensee or applicant has violated, at any time, the provisions of
				section
				375.141,
				RSMo.
*Original authority: 354.700, RSMo 1987, amended 1992;
					 354.702, RSMo 1987; 375.703, RSMo 1989; 354.704-354.707, RSMo 1987; 354.710,
					 RSMo 1987, amended 1990, 1992; and 354.712-354.723, RSMo 1987; 374.045, RSMo
					 1967, amended 1993, 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.130 - Appointment and Termination of Insurance Producers

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment corrects an incorrect
				  statutory reference.
(1) As
				used in section
				375.022,
				RSMo, appointment of an insurance producer means the earliest date on which an
				insurance company, or its authorized agent does any of the following:
(A) Distributes an application form, which on
				its face requires submission of premium at the time of completing the
				application with a consumer, to the prospective insurance producer, unless the
				application form is marked in bold type as a specimen;
(B) Accepts premiums from the prospective
				insurance producer;
(C) Accepts for
				underwriting an application for insurance submitted by the prospective
				insurance producer;
(D) Executes a
				written or oral employment contract with the prospective insurance producer;
				or
(E) Grants binding authority
				given to the prospective insurance producer.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.135 - Forms for Filing Notice of Appointment of Agents and Notice of Termination of Appointment of Agents (Rescinded)

Current through Register Vol. 49, No. 14, July 15, 2024
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.145

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.040, RSMo 1939, amended 1967;
					 374.045, RSMo 1967, amended 1993, 1995; 375.013, RSMo 1993, amended 1995;
					 375.143, RSMo 2007; and 376.309, RSMo 1963, amended 1969, 1983, 1992, 1993,
					 2007.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.146 - Recommendations of Variable Life Insurance to Customers (Suitability)

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment makes this rule only
				  applicable to the offer, sale, or exchange of variable life contracts. The
				  department is amending this rule by removing all language that relates to
				  annuity recommendations. The department's proposed rule, 20 CSR 400-5.900
				  Suitability in Annuity Transactions, is replacing the language contained in
				  this rule.
PURPOSE: This rule effectuates and aids in the
				  interpretation of section 375.141.1(8), RSMo, with respect to the codification
				  of professional standards of conduct in the recommendation of variable life
				  insurance contracts. Failure to meet these standards constitutes the
				  demonstration of incompetence, untrustworthiness, or financial irresponsibility
				  of producers in the offer, sale, or exchange of variable life
				  contracts.
(1) The standards
				of conduct codified in this rule reflect the professionalism of a licensed
				insurance producer. Grounds for the discipline or disqualification of producers
				shall include, in addition to other grounds specified in section
				375.141,
				RSMo, failure to comply with or violation of the following professional
				standards of conduct:
(A) In
				recommending to an individual customer the purchase, sale, or exchange of any
				variable life product, a producer shall have reasonable grounds for believing
				that the recommendation is suitable for such customer upon the basis of the
				facts, if any, disclosed by such customer as to his other investment holdings
				and as to his financial situation and needs.
(B) Prior to
				the execution of a variable life transaction recommended to an individual
				customer, a producer shall make reasonable efforts to obtain information
				concerning-
1. The customer's financial status, including annual
				income, financial situation and needs, and existing assets;
2. The customer's tax status;
3. The customer's financial objectives, including
				investment objectives, reasonably anticipated income needs, and risk
				tolerance;
4. The
				customer's investment time horizon, liquid net worth, and current and
				reasonably anticipated needs for liquidity; and
5. Such other information used or considered to be
				reasonable by such producer in making recommendations to the customer.
(C) Interpretation of subsection (1)(A) of this rule
				shall be guided by judicial and administrative opinions and decisions
				construing substantially similar requirements of the Financial Industry
				Regulatory Authority (FINRA) or its predecessor or successor organizations.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.148

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 375.141, RSMo 1961, amended 1965, 1967, 1981, 1984, 1989, 1993, 2001; and
					 375.143, RSMo 2007.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.150 - Incidental Fees Charged by Insurance Producers

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This regulation implements the provisions of
				  sections
				  375.052
				  and
				  379.356.2,
				  RSMo Supp. 2001, with regard to insurance producers charging incidental fees in
				  addition to premium.
(1) As
				used in sections
				375.052
				and
				379.356.2,
				RSMo, and in these rules-
(A) "Incidental fee"
				means an amount equal to the cost of providing a service that is charged in
				addition to the receipt of premium from an insured or an applicant for
				insurance.
(B) "Other similar
				services" includes payment by credit card, processing insufficient funds
				checks, obtaining records, reports, appraisals, inventories and other like
				documentation and making regulatory filings for an insured or applicant for
				insurance.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.152 - Recommendations of Long-Term Care Insurance to Customers (Suitability)

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule implements the requirements of
				  sections 375.141.1(8) and 375.143, RSMo, with respect to the codification of
				  professional standards in the recommendation of long-term care contracts.
				  Failure to meet these standards would constitute the demonstration of
				  incompetence, untrustworthiness or financial irresponsibility of producers in
				  the offer, sale or exchange of long-term care contracts.
(1) The professional standards of conduct
				codified in this rule reflect standards of a licensed insurance producer.
				Grounds for the discipline or disqualification of producers shall include, in
				addition to other grounds specified in section
				375.141,
				RSMo, failure to comply with or violation of the following professional
				standards of conduct:
(A) Long-Term Care
				Insurance.
1. In recommending to an
				individual customer the purchase, sale, or exchange of a long-term care
				insurance contract, a producer shall have reasonable grounds for believing that
				the recommendation is suitable for such customer upon the basis of the facts,
				if any, disclosed by such customer as to his insurance and investments and as
				to his current and reasonably anticipated financial situation and
				needs.
2. Prior to the execution of
				a long-term care insurance transaction recommended to an individual customer, a
				producer shall make reasonable efforts to obtain information concerning-
A. The customer's financial status, including
				annual income, financial situation and needs, and existing assets;
B. The customer's tax status;
C. The customer's financial
				objectives;
D. The customer's
				long-term care objectives; and
E.
				Such other information used or considered to be reasonable by such producer in
				making recommendations to the customer;
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.160 - Licensing and Authorization of Portable Electronics Insurance Producers and Related Entities

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines language and
				  updates statutory authority.
PURPOSE: This rule effectuates and aids in the
				  interpretation of sections
				  3791500. to
				  3791550., RSMo, by providing
				  definitions and license application procedures
.
(1) Definitions. As used in sections
				3791500. to
				3791550., RSMo and this rule-
(A) "Authorized representative," means any
				person with written authorization from a vendor to sell, solicit, or negotiate
				portable electronics insurance on behalf of the vendor, under the authority of
				the vendor's portable electronics insurance producer license ; and
(B) "Employee," means any individual who is
				employed part-time or full-time by a vendor and is authorized by the vendor to
				sell, solicit, or negotiate portable electronics insurance on behalf of the
				vendor, under the authority of the vendor's portable electronics insurance
				producer license.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Exhibit A - Missouri Producer Service Agreement

Current through Register Vol. 49, No. 14, July 15, 2024
1. The undersigned insured hereby engages the
				services of _______________ , a licensed Missouri insurance producer, license
# ___________ , for the purpose of securing, negotiating and
				  procuring the placement of the following described insurance coverages and to
				  assist the undersigned in the preparation of any and all applications,
				  underwriting data, and other information required by an insurer for the
				  purposes of issuing an insurance policy within this state. The insurance
				  coverage requested is:
(Here describe in detail the coverage to be
				  effected.)
2. The
				undersigned insured authorizes the insurance producer to commit to a maximum
				premium of not more than ____________
______________ for the above-stated coverage(s).
(If
				  multiple contracts of insurance are to be procured for the same insured or
				  prospective
insured, a separate maximum may be stated for each
				  contract covered by this agreement
.
)
The undersigned insured agrees to pay as compensation to the
				  insurance producer, above and in addition to the commission received from the
				  insurer, for the various services of the insurance producer a fee of not more
				  than $ ________________________ .
(If multiple contracts of
insurance are to be procured for the same insured or prospective
				  insured, a separate producer fee may be stated for each contract covered by
				  this agreement.)
3. A brief description of those services
				performed and not described in paragraph 1. above is:
				_____________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________
This agreement is in furtherance of section
				  375.116,
				  RSMo, and Regulation
				  20 CSR
				  700-1.100.
Dated:
				  ______________________________________________________________________________________________________________
(Insured)
Dated:
				  ______________________________________________________________________________________________________________
(Insurance Producer)
*Original authority: 374.045, RSMo 1967, amended 1993, 1995
					 and 375.071-375.136, see Revised Statutes of the State of Missouri, 2000 and
					 Cumulative Supplement, 2007.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 1 - Insurance Producers › Section 20 CSR 700-1.170 - Licensing Procedures and Standards for Limited Lines Self-Service Storage Insurance Producers

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines the existing rule
				  and adds provisions regarding license renewals. The director is amending
				  sections (1) through (4).
(1)
				Applicants for a limited lines self-service storage insurance producer license
				shall submit to the department a completed application form, included herein as
				Exhibit 1 of this rule, and a one hundred dollar ($100) application
				fee.
(2) Applicants for a limited
				lines self-service storage insurance producer license shall complete a training
				course approved by the director pursuant to section 379.1640.2(1)(d)d, RSMo, as
				listed on the department's limited lines self-service storage insurance
				producer webpage at
www.insurance.mo.gov
, except that any
				individual licensed in Missouri as an insurance producer with the property
				& casualty insurance line of authority is deemed to have completed a
				qualified training program.
(3)
				Pursuant to section 379.1640.2(b), RSMo, the director specifies the form
				included herein as Exhibit 2 of this rule for the purpose of identifying each
				individual that offers self-service storage insurance on behalf of the limited
				lines self-service storage insurance producer.
(4) Applicants for renewal of their limited
				lines self-service storage insurance producer license shall submit to the
				department a completed application form, included herein as Exhibit 3 of this
				rule, and a one hundred dollar ($100) application fee.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 2 - Public Adjusters and Public Adjuster Solicitors › Section 20 CSR 700-2.005

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 325.050, RSMo 1973 and 374.045, RSMo
					 1967, amended 1993, 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 2 - Public Adjusters and Public Adjuster Solicitors › Section 20 CSR 700-2.100

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 325.010, RSMo 1973; 325.050, RSMo
					 1993; 374.045, RSMo 1967, amended 1993, 1995; and 375.936, RSMo 1959, amended
					 1967, 1969, 1971, 1976, 1978, 1983,
					 1991.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 2 - Public Adjusters and Public Adjuster Solicitors › Section 20 CSR 700-2.200

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1967 and
					 375.930-375.948, see
Missouri Revised
					 Statutes
.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 2 - Public Adjusters and Public Adjuster Solicitors › Section 20 CSR 700-2.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 325.050, RSMo 1973 and 374.045, RSMo
					 1967, amended 1993, 1995.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 4 - Utilization Review › Section 20 CSR 700-4.100 - Utilization Review

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment modifies the purpose
				  statement appearing in the Code of State Regulations to more accurately reflect
				  the content of the rule. The amendment also reformats filing and other
				  requirements, clarifies that late renewal penalties are discretionary, and
				  removes a restriction limiting registered entities to the use of one (1)
				  fictitious name.
PURPOSE: This rule sets forth the procedure for a
				  utilization review agent to obtain and maintain a certificate of registration,
				  and establishes fees and forms pursuant to the requirements of section
				  374.505,
				  RSMo. The rule also clarifies the standards applicable to utilization review
				  agents conducting utilization review in this state.
(1) Pursuant to the requirements of section
				374.505,
				RSMo, each application for a certificate of registration as a utilization
				review agent shall:
(A) Be submitted to the
				department on a form provided by the department;
(B) Be signed by the applicant or, if the
				applicant is a corporation, by an officer or, if the applicant is a
				partnership, by one (1) of the partners;
(C) Be accompanied by an initial registration
				fee of one thousand dollars ($1,000);
(D) Disclose all fictitious names under which
				the applicant entity will operate as a utilization review agent in this state;
				and
(E) Provide any other
				reasonably related supporting documentation necessary to process the
				utilization review agent's registration.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 6 - Bail Bond Agents and Surety Recovery Agents › Section 20 CSR 700-6.100 - Applications, Fees, and Renewals-Bail Bond Agents, General Bail Bond Agents, and Surety Recovery Agents

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines language and
				  updates statutory citations.
PURPOSE: This rule establishes initial and renewal
				  application requirements for bail bond agents, general bail bond agents, and
				  surety recovery agents under sections 374.[700]695-374.789,
				  RSMo.
(1) Application Forms.
				The following forms have been adopted and approved for filing with the
				department:
(A) The Missouri Uniform
				Application For Bail Bond or Surety Recovery License form (Form B1), or any
				form which substantially comports with the specified form, and;
(B) The Missouri Uniform Renewal Application
				For Bail Bond or Surety Recovery License form (Form BR), or any form which
				substantially comports with the specified form.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 6 - Bail Bond Agents and Surety Recovery Agents › Section 20 CSR 700-6.150 - Initial Basic Training for Bail Bond Agents, General Bail Bond Agents and Surety Recovery Agents

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule outlines initial basic training
				  requirements for bail bond agents, general bail bond agents, and surety
				  recovery agents under sections
				  374.710
				  and
				  374.784,
				  RSMo Supp. 2004.
(1) Initial
				Basic Training. Except as otherwise provided by law, before an individual may
				be licensed as a bail bond agent, general bail bond agent, or surety recovery
				agent s/he must first fulfill the initial basic training requirements set forth
				in sections
				374.710
				and
				374.784,
				RSMo. The initial basic training must be completed within a twelve (12)-month
				period prior to submitting an application. The basic course of training shall
				consist of a minimum of twenty-four (24) hours, taught by personnel with
				qualifications approved by the director and shall include instruction in all of
				the following subject areas:
(A) Areas of Law.
1. Statute: Chapter 374, sections
				374.695 to
				374.789,
				RSMo;
2. Statute: Chapter 544,
				RSMo-Arrest, Examination, Commitment and Bail;
3. Applicable federal and state
				constitutional and case law, including, but not limited to:
A. Warrants/warrant procedures.
B. Incarceration, surrender and
				release.
C. Extraditions.
D. Use of force.
E. Custody and transportation.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 6 - Bail Bond Agents and Surety Recovery Agents › Section 20 CSR 700-6.170 - Change of Status Notification for Bail Bond Agents, General Bail Bond Agents and Surety Recovery Agents

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule sets the requirements for
				  notification of the Department of Insurance, Financial Institutions and
				  Professional Registration of a change in status of specified information
				  provided on the original application.
(1) Bail bond agents, general bail bond
				agents and surety recovery agents shall inform the director of a change of name
				or change of address within thirty (30) days of the change by submitting a
				change in status form which may be obtained on the department website at
www.insurance.mo.gov
or at the
				offices of the department.
(2)
				General bail bond corporations shall inform the director of a change of
				officers/owners within thirty (30) days of the change by submitting a change in
				status form which may be obtained on the department website at
www.insurance.mo.gov
or at the
				offices of the department.
(3)
				Failure to timely inform the director of the changes described in this rule may
				result in a forfeiture not to exceed the sum of ten dollars ($10) per
				month.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 374.705, RSMo 1983, amended 1993, 2004; 374.710, RSMo 1983, amended 1995,
					 2004; and 374.784, RSMo 2004.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 6 - Bail Bond Agents and Surety Recovery Agents › Section 20 CSR 700-6.200 - Assignment and Acknowledgment

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines language and
				  updates statutory authority.
(1) The ten thousand dollar ($10,000) or
				twenty-five thousand dollar ($25,000) asset assignment described in sections
				374715. and
				374740., RSMo shall be held in
				the name of the general bail bond agent, with the state of Missouri, director
				of the department, as assignee. The attachments referenced in section (2) of
				20 CSR
				700-6100. include the Assignment, a completed
				Acknowledgement of Assignment from the financial institution issuing the
				Certificate of Deposit, and the original Certificate of Deposit.
(2) Each general bail bond agent seeking
				license renewal shall supply an original letter from the financial institution
				that issued their assigned Certificate of Deposit, stating that the Certificate
				of Deposit is still assigned to the state of Missouri, printed on the financial
				institution's letterhead, signed and dated by an official of the financial
				institution, and stating the Certificate of Deposit number and the general bail
				bond agent's name.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 374.705, RSMo 1983, amended 1993, 2004; 374.710, RSMo 1983, amended 1995,
					 2004; and 374.784, RSMo 2004.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 6 - Bail Bond Agents and Surety Recovery Agents › Section 20 CSR 700-6.250 - Assignment of Additional Assets

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This amendment streamlines language and
				  updates statutory authority.
PURPOSE: This rule effectuates and aids in the
				  interpretation of the provisions of sections
				  374715. and
				  374740., RSMo, involving the
				  assignment of additional assets by general bail bond agents.
(1) The director may require the assignment
				of additional assets if:
(A) The department
				receives information from a court or courts indicating that the general bail
				bond agent has accumulated seven thousand dollars ($7,000) in unsatisfied bond
				forfeiture judgments;
(B) The
				department receives notice of multiple unsatisfied bond forfeiture judgments
				within a thirty (30)-day period;
(C) The department receives a complaint that
				the general bail bond agent owes parties to a bail contract, or any persons
				providing funds or collateral for bail, in excess of five thousand dollars
				($5,000); or
(D) The department
				receives information from a court or courts indicating that the general bail
				bond agent, acting as surety, has executed a bond or bonds exceeding their
				assets declared pursuant to Supreme Court Rule 33.18.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 6 - Bail Bond Agents and Surety Recovery Agents › Section 20 CSR 700-6.300

Current through Register Vol. 49, No. 14, July 15, 2024
*Original authority: 374.045, RSMo 1976, amended 1993,
					 1995; 374.705, RSMo 1983, amended 1993, 2004; and 374.760, RSMo
					 1983.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 7 - Reinsurance Intermediary › Section 20 CSR 700-7.100 - Reinsurance Intermediary License

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule effectuates or aids in the
				  interpretation of sections 375.1110- 375.1140, RSMo and prescribes reinsurance
				  intermediary licensing forms and procedures.
(1) Who must be licensed as a reinsurance
				intermediary-
(A) Any person, firm,
				association or corporation acting as a reinsurance intermediary-broker (RB) and
				maintaining an office in this state either directly or as a member or employee
				of a firm or association, or an officer, director or employee of a corporation,
				must be a licensed Missouri reinsurance intermediary-broker, insurance
				producer;
(B) Any person, firm,
				association or corporation acting as an RB and not maintaining an office in
				this state must either-
1. Be a licensed
				Missouri insurance producer or reinsurance intermediary-broker; or
2. Have a current producer's license from
				another state having a law substantially similar to sections 375.1110-375.1140,
				RSMo;
(C) Any person
				acting as a reinsurance intermediary-manager (RM) for a Missouri domiciled
				reinsurer must be a licensed Missouri insurance producer or reinsurance
				intermediary-manager;
(D) Any
				person acting as an RM in this state and that maintains an office either
				directly or as a member or employee of a firm or association, or an officer,
				director or employee of a firm or association, or an officer, director or
				employee of a corporation, must be a licensed Missouri insurance producer or
				reinsurance intermediary-manager; and
(E) Any person, firm, association or
				corporation acting as an RM in another state for a nondomestic insurer, if the
				RM is not a licensed insurance producer in this state or another state having a
				law substantially similar to sections 375.1110-375.1140, RSMo.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 8 - Title Agencies and Title Agents › Section 20 CSR 700-8.005 - Scope and Definitions

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule sets out the scope of the rules in
				  this chapter and provides definitions to aid in the interpretation of the rules
				  in this chapter.
(1)
				Applicability of Rules. The rules in this chapter apply to title agents and
				title agencies transacting the business of insurance in this state under
				Chapter 381, RSMo, including those licensed as insurance producers under
				section
				375.018,
				RSMo. The rules shall be read together with Chapter 536, RSMo.
(2) Definitions.
(A) "Director," the director of the
				department;
(B) "Department," the
				Department of Insurance, Financial Institutions and Professional
				Registration;
(C) "Insurer" or
				"title insurer," an insurance company organized under the laws of this state,
				or another state or country, and transacting the business of title insurance in
				this state;
(D) "License," the
				authority granted by the director to any person to transact business as a title
				agent or title agency;
(E)
				"Licensee," a person authorized under an insurance producer license by this
				state to act as a title agent or title agency;
(F) "NAIC," the National Association of
				Insurance Commissioners;
(G)
				"NIPR," the National Insurance Producer Registry;
(H) "Title agency," any partnership,
				corporation, association, sole proprietorship, or any other legal entity not an
				individual, which as an agent of a title insurer or representative of the title
				agent or agency, transacts the business of title insurance; and
(I) "Title agent," any individual, who as an
				agent of a title insurer or representative of the title agent or agency,
				transacts the business of title insurance.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 8 - Title Agencies and Title Agents › Section 20 CSR 700-8.100 - Applications for License

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the information to be
				  contained in, and the documents to accompany, applications for license as title
				  agency and title agent.
(1)
				Application Forms. The following forms have been adopted and approved for
				filing with the department:
(A) The Uniform
				Application for Individual Insurance Producer License form (Form UA-IP),
				adopted by the NAIC on May 10, 2006, or any form which substantially comports
				with the specified form;
(B) The
				Uniform Application for Business Entity Insurance Producer License form (Form
				UA-BEP), adopted by the NAIC on May 10, 2006, or any form which substantially
				comports with the specified form; and
(C) The report of agency's owners, any
				ownership interests in other persons or businesses, and all material
				transactions between the parties under section 381.029.3, RSMo (Form T-5), or
				any form which substantially comports with the specified form.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 8 - Title Agencies and Title Agents › Section 20 CSR 700-8.150 - Examination Requirements

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule prescribes the examination
				  requirements for title agents and qualified principals of title
				  agencies.
(1) Title Agents.
				Before an individual may be licensed as a title agent, the applicant must first
				take and pass the Missouri Title Agent Examination, approved by the director,
				testing both the individual's knowledge regarding title services, title
				insurance, real estate closings, and title insurance statutes and regulations.
				The examination must be taken and passed prior to submitting an application for
				a title agent license to the department.
(2) Title Agency Qualified Principals. Before
				a business entity may be licensed as a title agency, the applicant must
				designate a qualified principal who has taken and passed the Missouri Title
				Agency Qualified Principal Examination, approved by the director, testing the
				individual's knowledge regarding title services, title insurance, real estate
				closings, and title insurance statutes and regulations. The examination must be
				taken and passed by the qualified principal prior to submitting an application
				for a title agency license to the department.
(3) Testing Service. The department contracts
				with an independent testing service, which administers the examinations
				referred to in this rule. In order to take an examination, an individual must
				register and pay the appropriate fee to the independent testing service
				designated by the director. Instructions may be obtained from the independent
				testing service or the department.
(4) Time Limitation. Once an individual has
				passed an examination, the applicant has one (1) year from the date of the
				examination in which to submit an application for licensure to the department.
				If an applicant fails to submit an application for licensure to the department
				within this time period, the applicant must take and pass the examination again
				before the applicant may be licensed.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 381.042, RSMo 2000, amended 2007; and 381.118, RSMo 2000, amended
					 2007.
Missouri Code of State Regulations › Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE › Division 700 - Insurance Licensing › Chapter 8 - Title Agencies and Title Agents › Section 20 CSR 700-8.160 - Continuing Education

Current through Register Vol. 49, No. 14, July 15, 2024
PURPOSE: This rule sets out the continuing education
				  requirements for title agents and qualified principals of title
				  agencies.
(1) Title Agent.
				All natural persons licensed as title insurance producers with the department
				must complete during any two (2)-year licensure period courses or programs of
				study equivalent to a minimum of eight (8) hours of instruction before the
				producer license may be renewed by the director.
(2) Qualified Principal of Title Agency.
				Since a qualified principal must be licensed as a title agent in order to be
				designated as a qualified principal, compliance with the continuing education
				requirements for title agents in section (1) of this rule satisfies the
				continuing education requirement for the qualified principal.
(3) Continuing education required by this
				rule must be completed before the director will approve any license application
				or renewal filed with the department on or after January 1, 2010.
*Original authority: 374.045, RSMo 1967, amended 1993,
					 1995; 381.042, RSMo 2000, amended 2007; and 381.115, RSMo 2000, amended
					 2007.