Missouri § 376.300 Equity interests permitted, when.

Missouri Statutes

§ 376.300 — Equity interests permitted, when.

Missouri § 376.300

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 376Life, Health and Accident Insurance

This text of Missouri § 376.300 (Equity interests permitted, when.) 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. § 376.300 (2026).

Text

1.Subject to the limitations of section 376.297 , an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.

2.An insurer shall not acquire an investment under this section if as a result of and after giving effect to the investment the aggregate amount of investments then held by the insurer under this section would exceed twenty percent of its admitted assets, or except for mutual funds, the amount of equity interests then held by the insurer that are not listed on a qualified exchange would exceed five percent of its admitted assets.

3.An insurer shall not acquire under this section any investment that the insurer may acquire under section 376.302 .

4.An insurer shall not short sell equity interests unless the insurer c

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1. Subject to the limitations of section 376.297 , an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.

2. An insurer shall not acquire an investment under this section if as a result of and after giving effect to the investment the aggregate amount of investments then held by the insurer under this section would exceed twenty percent of its admitted assets, or except for mutual funds, the amount of equity interests then held by the insurer that are not listed on a qualified exchange would exceed five percent of its admitted assets.

3. An insurer shall not acquire under this section any investment that the insurer may acquire under section 376.302 .

4. An insurer shall not short sell equity interests unless the insurer covers the short sale by owning the equity interest or an unrestricted right to the equity interest exercisable within six months of the short sale.

Legislative History

(RSMo 1939 § 6032, A.L. 1943 p. 608, A.L. 1945 p. 995, A.L. 1945 p. 1004, A.L. 1949 p. 305, A.L. 1953 p. 235, A.L. 1961 p. 171, A.L. 1963 p. 492, A.L. 1973 H.B. 111, A.L. 1979 S.B. 322, A.L. 1982 S.B. 726, A.L. 1985 H.B. 823, A.L. 1995 S.B. 170, A.L. 2000 H.B. 1739, A.L. 2005 H.B. 69 merged with S.B. 131, A.L. 2007 S.B. 66) Prior revision: 1929 § 5921