☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 376

Effective - 28 Aug 1993 bottom

  376.1017.  Plan to establish loss reserves — plan to establish surplus account, amount. — 1.  A plan shall establish loss reserves for all incurred losses, both reported and unreported, and for unearned premiums.

  2.  A plan also shall establish a surplus account equal to the greater of the following:

  (1)  Three times the average paid monthly premium during the plan's most recent fund year;

  (2)  For plans which do not yet have one fund year's experience, three times estimated monthly premium; or

  (3)  Six hundred thousand dollars.

­­--------

(L. 1993 H.B. 709 § 29)


---- end of effective   28 Aug 1993 ----

use this link to bookmark section  376.1017


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
Oversight MOLIS Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@23:30:49.7 27 :)