379.250. Premiums. — 1. The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance.
2. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium.
3. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus of at least one hundred thousand dollars or a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kinds of insurance.
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(RSMo 1939 § 5959)
Prior revisions: 1929 § 5848; 1919 § 6258
---- end of effective 28 Aug 1939 ----
use this link to bookmark section 379.250
Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'
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