Missouri § 384.025 Ineligibility of nonadmitted insurer, grounds, when — notice to licensees.

Missouri Statutes

§ 384.025 — Ineligibility of nonadmitted insurer, grounds, when — notice to licensees.

Missouri § 384.025

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 384Surplus Lines Insurance

This text of Missouri § 384.025 (Ineligibility of nonadmitted insurer, grounds, when — notice to licensees.) 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. § 384.025 (2026).

Text

1. If at any time the director has reason to believe that an eligible surplus lines insurer:

(1)Is in unsound financial condition;

(2)Is no longer eligible under section 384.021 ;

(3)Has willfully violated the laws of this state; or

(4)Does not make reasonably prompt payment of just losses and claims in this state or elsewhere; the director may declare it ineligible. 2. The director shall promptly publish notice of all such declarations in any public electronic format.

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1. If at any time the director has reason to believe that an eligible surplus lines insurer:

(1) Is in unsound financial condition;

(2) Is no longer eligible under section 384.021 ;

(3) Has willfully violated the laws of this state; or

(4) Does not make reasonably prompt payment of just losses and claims in this state or elsewhere; the director may declare it ineligible.

2. The director shall promptly publish notice of all such declarations in any public electronic format.