Missouri Revised Statutes













Chapter 375

Provisions Applicable to All Insurance Companies

←375.153

Section 375.158.1

375.159→

August 28, 2015

Insurer shall comply with all insurance laws before doing business--commissions paid, to whom.

375.158. 1. No insurer shall engage in the business of insurance in this

state without first complying with all the provisions of the laws of this

state governing the business of insurance.



2. No insurer organized or incorporated under the laws of this state

shall undertake any business or risk except as provided by those laws. No

insurer organized or incorporated by or under the laws of this state or any

other state of the United States or any foreign government, transacting the

business of life insurance, shall be permitted or allowed to take any other

kind of risks except those connected with or pertaining to making assurance

on the life of a human being and the granting, purchasing and disposing of

annuities and endowments, and the making of insurance against accident and

sickness to persons by life or health or life and health insurers as provided

in sections 376.010 and 376.309.



3. No insurer doing business in this state shall pay any commission or

other compensation to any person or entity for any services, as insurance

producer, in obtaining in this state any contract of insurance except to a

licensed insurance producer of the insurer and a licensed business entity

insurance producer.



(RSMo 1939 § 6004; L. 1965 p. 569, A.L. 1967 p. 516, A.L. 1993

H.B. 709, A.L. 2001 S.B. 193)



Effective 1-01-03













Top



Missouri General Assembly



Copyright © Missouri Legislature, all rights reserved.