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Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

Effective - 28 Aug 1939 bottom

  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 ----

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