☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

Effective - 28 Aug 1989 bottom

  379.650.  Exchange of reciprocal or interinsurance contracts authorized — classes of insurance allowed. — 1.  Individuals, partnerships and corporations of this state, hereby designated subscribers, are hereby authorized to exchange either assessable or nonassessable reciprocal or interinsurance contracts with each other, or with individuals, partnerships and corporations of other states and countries, providing indemnity among themselves, for the purpose of making insurance regarding the following classes:

  (1)  Property which shall consist of insurance on the following subclasses:

  (a)  Marine, inland marine, and transportation;

  (b)  Animals;

  (c)  All other real and personal property, intangible or tangible;

  (2)  Liability, which shall consist of insurance for the following subclasses:

  (a)  Workers' compensation and employers' liability;

  (b)  Professional malpractice;

  (c)  Contractual liability;

  (d)  All other legal liability of the insured to another;

  (3)  Fidelity and surety;

  (4)  Accident and health, including death by accident;

  (5)  Miscellaneous, consisting of all other legitimate forms of insurance not described above but excluding life and annuities.

  2.  Subscribers exchanging assessable contracts shall not at the same time exchange nonassessable contracts; and provided, further, that if an assessable contract is exchanged the subscriber's agreement shall provide that a subscriber shall be subject to a contingent liability of at least one premium deposit.

­­--------

(RSMo 1939 § 6078, A.L. 1957 p. 216, A.L. 1967 p. 516, A.L. 1989 S.B. 250)

Prior revisions: 1929 § 5966; 1919 § 6374


---- end of effective   28 Aug 1989 ----

use this link to bookmark section  379.650


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 Pictures Contact

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

@08:34:07.5 27 :)