379.730. Annual statement of financial condition required.

180 words·~1 min read·/mo/chapter-379/379-730

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

379.730. Annual statement of financial condition required. — 1. The attorney shall make an annual report to the director of the department of commerce and insurance for the calendar year, showing that the financial condition of affairs at the office where the contracts are issued is in accordance with the standard of solvency provided for herein and shall furnish such additional information and reports as may be required to show the total premiums or deposits collected, the total losses paid, the total amounts returned to subscribers, and the amounts retained for expenses; provided, however, that the attorney shall not be required to furnish the names and addresses of any subscribers.

2. The business affairs and assets of the reciprocal or interinsurance exchanges, as shown at the office of the attorney thereof, shall be subject to examination by the director of the department of commerce and insurance as often as he sees fit, and the cost thereof shall be paid by the exchange examined.

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(RSMo 1939 § 6084, A.L. 1967 p. 516)

Prior revisions: 1929 § 5972; 1919 § 6380