☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 374

< > Effective - 28 Aug 1992 bottom

  374.207.  Examiners, appointment of, restrictions — expenses of examination, how paid — immunity of director, examiners. — 1.  No examiner may be appointed by the director if such examiner, either directly or indirectly, has a conflict of interest or is affiliated with the management of or owns a pecuniary interest in any person subject to examination under sections 374.202 to 374.207.  This subsection shall not be construed to automatically preclude an examiner from being:

  (1)  A policyholder or claimant under an insurance policy;

  (2)  A grantor of a mortgage or similar instrument on the examiner's residence to a regulated entity if done under customary terms and in the ordinary course of business;

  (3)  An investment owner in shares of regulated diversified investment companies; or

  (4)  A settlor or beneficiary of a blind trust into which any otherwise impermissible holdings have been placed.  

­­

­

Notwithstanding the requirement of this subsection, the director may retain from time to time, on an individual basis, qualified actuaries, certified public accountants, or other similar individuals who are independently practicing their professions, even though said persons may from time to time be similarly employed or retained by persons subject to examination under sections 374.202 to 374.207.

  2.  Expenses and costs of examinations shall be paid as set forth in section 374.160.

  3.  The director, the director's authorized representatives or any examiner appointed by the director shall have such official immunity as exists at common law.

­­--------

(L. 1992 H.B. 1574)


---- end of effective  28 Aug 1992 ----

use this link to bookmark section  374.207


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House