Section 375.037

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 375

Effective - 01 Jan 2003, see footnote   

  375.037.  Director's investigation — appeal. — 1.  The director of the department of commerce and insurance, on the written complaint of any person, or when the director deems it necessary without a complaint, shall determine whether there has been a violation of sections 375.031 to 375.037.  After such determination, the director shall notify all parties concerned by certified mail and shall prescribe a method of cancellation to be followed by the concerned parties.  Any party who is aggrieved by the decision of the director of the department of commerce and insurance shall be entitled to judicial review thereof, as provided in sections 536.100 to 536.140.

  2.  Sections 375.031 to 375.037 shall not apply if the director determines nonrenewal is necessary to preserve an insurer's solvency or to protect the insured's interest.  Nor shall sections 375.031 to 375.037 apply in the case of fraud, failure to properly remit premiums, or whenever the director determines the license of the insurance producer could be revoked or not renewed pursuant to the provisions of section 375.141.

  3.  If any provision of sections 375.031 to 375.037 or the application thereof to any person or circumstances is held invalid, the validity of the remainder of sections 375.031 to 375.037 and of the application of such provision to other persons and circumstances shall not be affected thereby.

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(L. 1979 H.B. 506 § 4, A.L. 2001 S.B. 193)

Effective 1-01-03