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Section: 379.0855 Commissions. Rsmo 379.855


Published: 2015

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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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