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Code · Missouri · Chapter 379

379.1391. Prohibited acts.

88 words·~1 min read·/mo/chapter-379/379-1391

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379.1391. Prohibited acts. — A SPLRC shall not:
(1)Enter into a SPLRC contract with a person that is not licensed or otherwise authorized to transact the business of insurance or reinsurance in at least its state or country of domicile;
(2)Lend or otherwise invest or place in custody, trust or under management any of its assets with, or to borrow money or receive a loan from, other than according to the plan of operation filed with and approved by the director.
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(L. 2007 S.B. 215)
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