Section 375.301

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 375

Effective - 28 Aug 1977   

  375.301.  Exemptions from provisions of sections 375.256 to 375.301. — The provisions of sections 375.256 to 375.301 shall not apply to any action, suit or proceeding against any unauthorized insurer arising out of a contract of:

  (1)  Reinsurance effectuated in accordance with the laws of Missouri;

  (2)  Insurance effectuated in accordance with chapter 384;

  (3)  Aircraft insurance;

  (4)  Insurance on property or operations of railroads engaged in interstate commerce;

  (5)  Insurance against legal liability arising out of the ownership, operation or maintenance of any property having a permanent situs outside of this state; or

  (6)  Insurance against loss of or damage to any property having a permanent situs outside this state; where the contract contains a provision designating the insurance commissioner to be its true and lawful attorney upon whom may be served all lawful process in any action, suit or proceeding instituted by or on behalf of an insured or beneficiary arising out of any contract.

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(L. 1951 p. 276 § 375.169, A.L. 1967 p. 516, A.L. 1977 S.B. 274)