Missouri Statutes
§ 376.1017 — Plan to establish loss reserves — plan to establish surplus account, amount.
Missouri § 376.1017
JurisdictionMissouri
Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS
Ch. 376Life, Health and Accident Insurance
This text of Missouri § 376.1017 (Plan to establish loss reserves — plan to establish surplus account, amount.) 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. § 376.1017 (2026).
Text
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.
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Legislative History
(L. 1993 H.B. 709 § 29)
Nearby Sections
15
§ 376.005
Definitions.§ 376.010
Who may form company — purposes.§ 376.020
Various companies defined.§ 376.050
Declaration of corporators.§ 376.070
To be submitted to attorney general.§ 376.080
Director to examine, when.Cite This Page — Counsel Stack
Bluebook (online)
Missouri § 376.1017, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/376/376.1017.