PURPOSE: This rule sets out the scope of the rules in this chapter and provides definitions to aid in the interpretation of the rules in this chapter.

1. (1) Applicability of Rules. The rules in this chapter apply to captive insurance companies transacting business under sections 379.1300 to 379.1350, RSMo and special purpose life reinsurance captives transacting business under sections 379.1353 to 379.1421, RSMo. The rules are to be read together with Chapter 536, RSMo.

2. (2) Definitions.

   1. (A) “Company,” captive insurance company or companies, including a special purpose life reinsurance captive (SPLRC) unless otherwise specified.
   2. (B) “Director,” the director of the department.
   3. (C) “Department,” the Department of Commerce and Insurance.

AUTHORITY: sections 374.045, 379.1328, and 379.1421, RSMo 2016.* Original rule filed Nov. 15, 2007, effective June 30, 2008. Amended: Filed Nov. 19, 2018, effective May 30, 2019. Non-substantive change filed Sept. 11, 2019, published Oct. 31, 2019.

*Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008; 379.1328, RSMo 2007; and 379.1421, RSMo 2007.