379.855. Commissions.
126 words·~1 min read·
/mo/chapter-379/379-855A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
379.855. Commissions. — 1. Commission under the program shall be twelve percent on new business and ten percent on renewal business on the policy premium and shall be paid to the licensed producer designated by the applicant.
2. If a licensed producer is not designated, the commission shall be deposited by the facility in a fund to be held by the director to be applied to the state of Missouri contribution as provided in Section 1223, Para (1), of U.S. Public Law 90-448. One year after termination of the program, any funds so held by the director and not applied as above set out shall be paid over to the treasurer of the state of Missouri as general revenue.
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(L. 1969 H.B. 772 § 379.131)