Mo. Rev. Stat. ch. 382 – Insurance Holding Companies | Midpage

Collections
Revised Statutes of Missouri

Chapter 382

Mo. Rev. Stat. ch. 382

Insurance Holding Companies

382.010Definitions 382.020Domestic insurers, authorized investments, ownership and management practices 382.030Disposal of investment required, when 382.040Securities of domestic insurers, regulation of trading in — divestment of a controlling interest, procedure 382.050Statement, contents 382.060Approval of merger or acquisition of control, when — hearing, notice — consolidated hearing, when — change of control, restoration of capital, when 382.070Excepted transactions 382.080Prohibited acts 382.090Jurisdiction, acceptance of — service, how had 382.095Acquisitions where change of control of insurer, subject to order, when — contents, requirements — violations, penalties 382.100Registration required 382.110Registration, form, contents, exempted matter 382.120Information to be kept current, when changes reported 382.130Termination of registration, when 382.140Consolidated registration statements or amendments, when 382.150Registration for affiliates authorized 382.160Exemption from registration and reports, how and when 382.170Disclaimer of affiliation, effect of 382.175Enterprise risk report, contents, filing of, due date 382.176Group capital calculation, filing of report — exemptions — exceptions to the exemption 382.177Liquidity stress test, filing of — scope criteria — NAIC compliance 382.180Failure to file registration statement, summary, or enterprise risk report a violation 382.190Transactions with affiliates, how conducted 382.195Prohibited transactions, exceptions 382.200Reasonable surplus, how determined 382.210Extraordinary dividend, notice of — payment from earned surplus, when — allowed, when 382.220Director, powers of — insurer liable for examination costs 382.225Supervisory college, powers of director — insurer liable for expenses of director's participation in supervisory college 382.227Internationally active insurance group, director to act as supervisor or acknowledge another regulatory authority as supervisor, when — duties, activities — rulemaking authority 382.230Certain information confidential, exception — private civil action, director not required to testify — permissible acts of the director — misleading or materially false statements, certain information, remedy 382.240Rules and regulations, how issued 382.250Injunction, when authorized 382.260Illegally acquired securities, how treated — impending illegal acquisitions, injunctive relief — ownership of securities, where 382.265Penalties, certain actions 382.270Criminal proceedings, when and where commenced, penalty 382.275False reports, filing of, penalty 382.277Violation, basis for disapproving dividends or distributions and placing insurer under order of suspension 382.280Director to take possession, when 382.285Liquidation or rehabilitation, effects — maximum amount recoverable — liability, parent company, when 382.290Revocation of insurer's license, when 382.300Appeals from director's action, procedure 382.302Disposal of assets or insurer, notice to director — powers of director — voidable when — effect 382.400Definitions 382.402Applicability of law 382.405Degree of control required, provisions applicable, exemptions — contract between producer and insurer, requirements — insurer to have audit committee, members, purpose — loss ratios, report to director, contents 382.407Notice to insured, producer to provide, contents 382.409Noncompliance with law, powers of director — receiver in liquidation, powers 382.500Applicability — findings of general assembly 382.505Definitions 382.510Risk management framework to be maintained 382.515ORSA to be conducted, when 382.520ORSA summary report required, when, contents 382.525Exemptions — waiver — ORSA required, when 382.530ORSA summary report to be prepared consistent with ORSA guidance manual — review, procedures 382.535Information and ORSA summary report is proprietary and contains trade secrets, confidentiality — permissible acts by director — no waiver of confidentiality or privilege 382.540Violation, failure to file ORSA summary report 382.545Severability clause 382.550Effective date — first filing date 382.600Purpose — applicability 382.605Definitions 382.610CGAD submitted to director, when — attestation required — information may be provided — review of CGAD — duplication of information not required, when 382.615CGAD inquiries, responses to — recordkeeping 382.620Documents, materials, and information recognized by state as proprietary and containing trade secrets — confidentiality — director's authority and duties 382.625Third-party consultants permitted, when — limitation on scope of authority — confidentiality — conflict of interest — written agreement, contents 382.630Failure to timely file, penalty — enforcement 382.635Rulemaking authority 382.640Severability clause