Home/Missouri/Statutes/Title XXIV: BUSINESS AND FINANCIAL INSTITUTIONS/Ch. 380: County, Town and Farmers' Mutual Property Insurance Companies/§ 380.231
Missouri Statutes

§ 380.231 — Company operations limited to Missouri.

Missouri § 380.231
JurisdictionMissouri
Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS
Ch. 380County, Town and Farmers' Mutual Property Insurance Companies

This text of Missouri § 380.231 (Company operations limited to Missouri.) 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. § 380.231 (2026).

Text

1.Any company operating under the provisions of sections 380.201 to 380.591 may do business throughout the state of Missouri but may not do business outside this state.  The counties the company proposes to do business in shall be specified in its articles of incorporation and in the certificate of authority issued by the director.
2.All such companies must maintain a membership of at least one hundred members.
3.The name of any such company shall not be deceptively similar to any other insurance company authorized to do business in this state.

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Legislative History

(L. 1984 H.B. 1498) Effective 1-01-85

Nearby Sections

15
§ 380.005
Definitions.
§ 380.011
Classification as Missouri mutual insurance companies — new companies prohibited.
§ 380.021
Authority to do business on not-for-profit basis — property of members, authority to insure — limitation of area — reserve fund, and reinsurance requirements.
§ 380.031
Exemption from insurance laws, exceptions.
§ 380.041
Board of directors, election, qualifications, terms, officers — annual meeting of company, held when, notice of requirements.
§ 380.051
Financial statement filed annually, fee.
§ 380.061
Examination by department, powers and duties — expenses — examination by CPA in lieu of department — refusal to comply, effect.
§ 380.071
Unsafe operation of business — reasonable time to remedy — failure to remedy, director's powers.
§ 380.081
Noncompliance — notice, content hearing — judicial review — failure to comply, director's powers.
§ 380.091
Forms filed where — disapproval by director, notice, content — judicial review.
§ 380.101
Policyholder in mutual to be member — eligibility — member's right to sue company.
§ 380.111
School district's real and personal property may be insured — procedure for district to become member.
§ 380.121
Membership fee — business basis, how established — assessment of members — reserve — return of deposits to members, when — liability of policyholder on termination of policy.
§ 380.131
Loss or judgment against company, business basis to determine procedure — failure to pay assessment, effect.
§ 380.141
Unsatisfied judgment against company, restraining order for transaction of new business.
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Bluebook (online)
Missouri § 380.231, Counsel Stack Legal Research, https://law.counselstack.com/statute/mo/380/380.231.