☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 384

< > Effective - 28 Aug 2009 bottom

  384.025.  Ineligibility of nonadmitted insurer, grounds, when — notice to licensees. — 1.  If at any time the director has reason to believe that an eligible surplus lines insurer:

  (1)  Is in unsound financial condition;

  (2)  Is no longer eligible under section 384.021;

  (3)  Has willfully violated the laws of this state; or

  (4)  Does not make reasonably prompt payment of just losses and claims in this state or elsewhere; the director may declare it ineligible.

  2.  The director shall promptly publish notice of all such declarations in any public electronic format.

­­--------

(L. 1987 H.B. 700 § 5, A.L. 2009 H.B. 577)


---- end of effective  28 Aug 2009 ----

use this link to bookmark section  384.025


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