Missouri Revised Statutes
Chapter 379
Insurance Other Than Life
←379.850
Section 379.855.1
379.860→
August 28, 2015
Commissions.
379.855. 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.
(L. 1969 H.B. 772 § 379.131)
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