379.455. Advisory organizations.

280 words·~1 min read·/mo/chapter-379/379-455

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

379.455. Advisory organizations. — 1. Any corporation, unincorporated association, partnership or individual, other than a licensed insurer, whether located within or outside this state, which prepares policy forms, makes underwriting rules, surveys or inspections incident to but not including the making of rates, rating plans or rating systems, or which collects and furnishes to licensed insurers or rating organizations loss or expense statistics or other statistical information and data and acts in an advisory as distinguished from a ratemaking capacity shall be known as an advisory organization and shall file with the director

(1)A copy of its constitution, its articles of agreement or association or its certificate of incorporation, and of its bylaws, rules and regulations governing its activities;

(2)A list of its members;

(3)The name and address of a resident of this state upon whom notices or orders of the director or process issued at his direction may be served; and

(4)An agreement that the director may examine such advisory organization in accordance with the provisions of section 379.475 .

2. Every such advisory organization shall notify the director promptly of every change in its constitution, its articles of agreement or association, or its articles of incorporation and of its bylaws, rules and regulations governing the conduct of its business, its list of members and subscribers, and the name and address of the resident of this state designated by it upon whom notices or orders of the director or process affecting such organization may be served.

3. No such group, association or organization shall engage in any unfair or unreasonable practice with respect to its activities.

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(L. 1947 V. II p. 254 § 3)