Section 376.750

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 376

Effective - 28 Aug 1988   

  376.750.  Financial report, submitted to director, when — tax exempt status — immunity from liability. — 1.  The association shall be subject to examination and regulation by the director.  The board of directors shall submit to the director each year, not later than^* one hundred twenty days after the association's fiscal year, a financial report in a form approved by the director and a report of its activities during the preceding fiscal year.

  2.  The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on real property.

  3.  There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its agents or employees, the association or its agents or employees, members of the board of directors, or the director or his representatives, for any action or omission by them in the performance of their powers and duties under the provisions of sections 376.715 to 376.758.  Such immunity shall extend to the participation in any organization of one or more other state associations of similar purposes and to any such organization and its agents or employees.

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(L. 1988 S.B. 430 §§ 30, 31, 32)

*Word "that" appears in original rolls.