§ 379.460 — Joint underwriting groups.

Missouri § 379.460

• Jurisdiction: Missouri
• Title XXIV: BUSINESS AND FINANCIAL INSTITUTIONS
• Ch. 379: Insurance Other Than Life

Text

1.  Every group, association or other organization of insurers which engages in joint underwriting through joint reinsurance shall file with the director

(1)  A copy of its constitution, its articles of agreement or association or its certificate of incorporation, and of its bylaws, rules and regulations governing its activities;

(2)  A list of its members;

(3)  The name and address of a resident of this state upon whom notices or orders of the director or process issued at his direction may be served; and

(4)  An agreement that the director may examine such organization in accordance with the provisions of section 379.475 .

2.  Every such group, association or other organization shall notify the director promptly of every change in its constitution, its articles of agreement or association, or its articles of incorporation and of its bylaws, rules and regulations governing the conduct of its business, its list of members and subscribers, and the name and address of the resident of this state designated by it upon whom notices or orders of the director or process affecting such organization may be served.

3.  No such group, association or organization shall engage in any unfair or unreasonable practice with respect to its activities.

Legislative History

(L. 1947 V. II p. 254 § 3)