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 insurance producers transacting business in this state including those licensed under section 375.018, RSMo. The rules shall be read together with Chapter 536, RSMo.

2. (2) Definitions.

   1. (A) “Cash premium payment,” a premium payment made in the form of currency.
   2. (B) “Certificate of Authority,” the whole or part of any certificate of approval or charter granted by the director for any insurance company, insurer, association, health services corporation, health maintenance organization, or other legal entity insuring risk.
   3. (C) “Director,” the director of the department.
   4. (D) “Department,” the Department of Insurance, Financial Institutions and Professional Registration.
   5. (E) “ERISA,” the Employee Retirement and Income Security Act of 1974 (29 U.S.C. Section 1101 et seq.).
   6. (F) “FINRA,” the Financial Industry Regulatory Authority.
   7. (G) “Insurer,” an insurance company, fraternal benefit society, health services corporation, health maintenance organization, prepaid health plan, or any similar organization authorized to transact business in Missouri.
   8. (H) “License,” the whole or part of any permit, registration, membership, statutory exemption, or any other form of permission granted by the director to any person.
   9. (I) “Licensee,” a person licensed by Missouri to act as an insurance producer.
   10. (J) “NAIC,” the National Association of Insurance Commissioners.
   11. (K) “NIPR,” the National Insurance Producer Registry.
   12. (L) “Personal insurance policy,” any liability or risk-assuming policy, contract, subscriber agreement, rider, or endorsement delivered or issued for delivery in this state by an insurer, for the purpose of providing personal, noncommercial insurance coverage to an individual or family on a nongroup basis, including individual or family automobile, homeowners, life, annuity, health, property, or casualty coverage.
   13. (M) “Producer,” the same meaning as in section 375.012, RSMo.

AUTHORITY: section 374.045, RSMo 2000.* Original rule filed Nov. 30, 2007, effective July 30, 2008.

*Original authority: 374.045, RSMo 1967, amended 1993, 1995.