Missouri § 379.1318 Investment requirements, compliance with.

Missouri Statutes

§ 379.1318 — Investment requirements, compliance with.

Missouri § 379.1318

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 379Insurance Other Than Life

This text of Missouri § 379.1318 (Investment requirements, compliance with.) 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. § 379.1318 (2026).

Text

1.Association captive insurance companies shall comply with the investment requirements contained in chapter 375 and sections 379.080 and 379.082 , as applicable. Investments of association captive insurance companies shall be valued in accordance with the valuation procedures established by the National Association of Insurance Commissioners for insurance companies, except to the extent it is inconsistent with accounting standards in use by the company and approved by the director. Notwithstanding any other provision of sections 379.1300 to 379.1350 , the director may approve the use of alternative reliable methods of valuation and rating.

2.No pure captive insurance company or industrial insured captive insurance company shall be subject to any restrictions on allowable investment

Free access — add to your briefcase to read the full text and ask questions with AI

1. Association captive insurance companies shall comply with the investment requirements contained in chapter 375 and sections 379.080 and 379.082 , as applicable. Investments of association captive insurance companies shall be valued in accordance with the valuation procedures established by the National Association of Insurance Commissioners for insurance companies, except to the extent it is inconsistent with accounting standards in use by the company and approved by the director. Notwithstanding any other provision of sections 379.1300 to 379.1350 , the director may approve the use of alternative reliable methods of valuation and rating.

2. No pure captive insurance company or industrial insured captive insurance company shall be subject to any restrictions on allowable investments whatever, including those limitations contained in sections 379.080 and 379.082 ; provided, however, that the director may prohibit or limit any investment that threatens the solvency or liquidity of any such company.

3. No pure captive insurance company shall make a loan to or an investment in its parent company or affiliates without prior written approval of the director, and any such loan or investment shall be evidenced by documentation approved by the director.