Missouri § 380.201 Definitions.

Missouri Statutes

§ 380.201 — Definitions.

Missouri § 380.201

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 380County, Town and Farmers' Mutual Property Insurance Companies

This text of Missouri § 380.201 (Definitions.) 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. § 380.201 (2026).

Text

As used in sections 380.201 to 380.601 , unless the context clearly indicates otherwise, the following terms mean:

(1)"Assessment" , the amount, or the policyholder's share of such amount, determined by the company to be necessary to pay accrued liabilities, to meet or defray anticipated needs of the company and/or to add to or restore the guaranty fund;

(2)"Director" , the director of the department of commerce and insurance of the state of Missouri;

(3)"Fee" , the charge or that portion of such charge collected by the company which is used for or allocated to the payment of acquisition or survey costs;

(4)"Guaranty fund" , accumulated assets in excess of accrued losses and expenses;

(5)"Initial charge" , such charge or that portion of such charge not otherwise defined herein co

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

As used in sections 380.201 to 380.601 , unless the context clearly indicates otherwise, the following terms mean:

(1) "Assessment" , the amount, or the policyholder's share of such amount, determined by the company to be necessary to pay accrued liabilities, to meet or defray anticipated needs of the company and/or to add to or restore the guaranty fund;

(2) "Director" , the director of the department of commerce and insurance of the state of Missouri;

(3) "Fee" , the charge or that portion of such charge collected by the company which is used for or allocated to the payment of acquisition or survey costs;

(4) "Guaranty fund" , accumulated assets in excess of accrued losses and expenses;

(5) "Initial charge" , such charge or that portion of such charge not otherwise defined herein collected by the company before or at the time of the issuance or the renewal of the policy and used for, or allocated to, any purpose which the company deems desirable not prohibited by law;

(6) "Premium" , a stipulated amount charged for a specified policy period, which the company is required to charge as a liability and maintain as an unearned premium reserve until the end of the specified policy period.