2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379 Insurance Other Than Life
Section 379.250. Premiums.
Premiums.
379.250. 1. The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance.
2. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium.
3. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus of at least one hundred thousand dollars or a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kinds of insurance.
(RSMo 1939 5959)Prior revisions: 1929 5848; 1919 6258
Annotation Copyright Missouri Joint Committee on Legislative Research
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