Missouri § 376.290 Deposit and transfer of securities.

Missouri Statutes

§ 376.290 — Deposit and transfer of securities.

Missouri § 376.290

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 376Life, Health and Accident Insurance

This text of Missouri § 376.290 (Deposit and transfer of securities.) 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. § 376.290 (2026).

Text

No existing company organized under any general or special law of this state, and transacting business of the character designated in section 376.010 , nor any company organized under sections 376.010 to 376.670 , shall commence, continue or carry on business until the company has transferred to and deposited with the director of the department of commerce and insurance, for the security of its policyholders, the sum of six hundred thousand dollars in notes or bonds secured by mortgages or deeds of trust of the description mentioned in section 376.280 , or bonds or treasury notes of the United States, or bonds of the state of Missouri, or funded bonds of any county or municipal township of this state, and in all cases not to be received at a rate above their par value, nor above their curr

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No existing company organized under any general or special law of this state, and transacting business of the character designated in section 376.010 , nor any company organized under sections 376.010 to 376.670 , shall commence, continue or carry on business until the company has transferred to and deposited with the director of the department of commerce and insurance, for the security of its policyholders, the sum of six hundred thousand dollars in notes or bonds secured by mortgages or deeds of trust of the description mentioned in section 376.280 , or bonds or treasury notes of the United States, or bonds of the state of Missouri, or funded bonds of any county or municipal township of this state, and in all cases not to be received at a rate above their par value, nor above their current market value.