376.270. Director may proceed against depositary companies.
109 words·~1 min read·
/mo/chapter-376/376-270A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
376.270. Director may proceed against depositary companies. — If at any time the affairs of any life insurance company which has deposited securities under section 376.170 shall, in the opinion of the director, appear in such condition as to render the issuing of additional policies and annuity bonds by such company injurious to the public interest, the director may take the same proceedings against such company as by law may be taken against other insolvent companies; and said companies shall, in all respects, be subject to the provisions of law affecting other companies.
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(RSMo 1939 § 5825)
Prior revisions: 1929 § 5714; 1919 § 6125; 1909 § 6919