Missouri Revised Statutes













Chapter 379

Insurance Other Than Life

←379.440

Section 379.445.1

379.450→

August 28, 2015

Requirements to obtain and retain license.

379.445. To obtain and retain a license, a rating organization shall

provide satisfactory evidence to the director of the department of insurance,

financial institutions and professional registration that it will



(1) Permit any licensed insurer to become a subscriber to such rating

organization or withdraw therefrom without obligation to adhere to its manual

of classifications, rules and rates or rating plans or systems;



(2) Neither adopt any rule nor exact any agreement the effect of which

would be to prohibit or regulate the payment of dividends, savings or

unabsorbed premium deposits allowed or returned by insurers to their

policyholders, members or subscribers. A plan for the payment of dividends,

savings or unabsorbed premium deposits allowed or returned by insurers to

their policyholders, members or subscribers shall not be deemed to be a

rating plan or system;



(3) Neither practice nor sanction any plan or act of boycott, coercion or

intimidation;



(4) Neither enter into nor sanction any contract or act by which any

person is restrained from lawfully engaging in the insurance business;



(5) Submit to examination as prescribed by section 379.475;



(6) Notify the director of the department of insurance, financial

institutions and professional registration promptly of every change in its

constitution, its articles of agreement or association, or its articles of

incorporation and of its bylaws, rules and regulations governing the conduct

of its business; its list of members and subscribers; and the name and address

of the resident of this state designated by it upon whom notices or orders of

the director or process affecting such organization may be served.



(L. 1947 V. II p. 254 § 3)







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