Missouri § 374.217 Covenant not to sue officers of insurer, prohibited — no force and effect.

Missouri Statutes

§ 374.217 — Covenant not to sue officers of insurer, prohibited — no force and effect.

Missouri § 374.217

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 374Department of Commerce and Insurance

This text of Missouri § 374.217 (Covenant not to sue officers of insurer, prohibited — no force and effect.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 374.217 (2026).

Text

1.The director or any other employee of the department of commerce and insurance shall not enter into any covenant not to sue or any agreement to defer, refrain or desist from instituting or asserting against any officer or director of any insurer or any other person or entity in the business of insurance and regulated by the department any claim, demand, action or suit, either administrative or judicial, for injuries, damages or penalties to the state or any person or property.

2.Any covenant or agreement entered into in derogation of subsection 1 of this section, shall be deemed to be in violation of the public policy of this state that the general assembly shall by law provide adequate regulation of insurers in order to protect citizens of this state; and that the department shall

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1. The director or any other employee of the department of commerce and insurance shall not enter into any covenant not to sue or any agreement to defer, refrain or desist from instituting or asserting against any officer or director of any insurer or any other person or entity in the business of insurance and regulated by the department any claim, demand, action or suit, either administrative or judicial, for injuries, damages or penalties to the state or any person or property.

2. Any covenant or agreement entered into in derogation of subsection 1 of this section, shall be deemed to be in violation of the public policy of this state that the general assembly shall by law provide adequate regulation of insurers in order to protect citizens of this state; and that the department shall carry out and enforce such regulation. The courts of this state shall not enforce or give effect to any such covenant or agreement.