Revisor Home

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

 Chapter 375

previous next Effective - 28 Aug 2015bottom

  375.1072.  Definitions. — As used in sections 375.1070 to 375.1078, the following terms mean:

  (1)  "Admitted assets", the amount thereof as of the last day of the most recently concluded annual statement year, computed in the same manner as admitted assets in section 379.080 for insurers other than life;

  (2)  "Aggregate amount of medium to lower quality obligations", the aggregate statutory statement value thereof;

  (3)  "Institution", a corporation, a joint-stock company, an association, a trust, a business partnership, a business joint venture or similar entity;

  (4)  "Medium to lower quality obligations", obligations which are rated three, four, five and six by the Securities Valuation Office of the National Association of Insurance Commissioners.

­­--------

(L. 1991 H.B. 385, et al. § 19, A.L. 2007 S.B. 66, A.L. 2015 S.B. 164)


---- end of effective   28 Aug 2015 ----

use this link to bookmark section  375.1072


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

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

 58