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Code · Missouri · Chapter 379

379.250. Premiums.

117 words·~1 min read·/mo/chapter-379/379-250

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379.250. Premiums. — 1. The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance.
2. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium.
3. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus of at least one hundred thousand dollars or a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kinds of insurance.
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(RSMo 1939 § 5959)
Prior revisions: 1929 § 5848; 1919 § 6258
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