Section 354.717

Title XXIII CORPORATIONS, ASSOCIATIONS AND PARTNERSHIPS

Chapter 354

Effective - 28 Aug 1987   

  354.717.  Director, powers — financial examinations, when, by whom made and paid. — 1.  The director, or any person authorized by him, may examine the financial condition and the affairs and management of any prepaid dental plan corporation whenever the director deems necessary.

  2.  The director, or any of his duly appointed agents, may compel the attendance before him, and may examine, under oath, the directors, officers, agents, employees, solicitors, or any person, in reference to the condition, affairs, management of the business, or any matters relating thereto.  The director may administer oaths or affirmations, and shall have power to summon and compel the attendance of witnesses, and to require and compel the production of records, books, papers, contracts, or other documents if necessary.

  3.  The expense of any examination shall be assessed by the director against the prepaid dental plan corporation examined and the examination assessment shall be paid by the corporation, on the order of the director, directly to the person or persons rendering the service.

  4.  In lieu of making an examination, the director may accept a full report of the most recent examination of a foreign or alien prepaid dental plan corporation certified by the appropriate examining official of another state, territory, commonwealth or district of the United States.

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(L. 1987 S.B. 272 § 9)