2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 381 Title Insurance Law
Section 381.062. Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.
Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.
381.062. Any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than four hundred thousand dollars and, in addition, surplus of at least four hundred thousand dollars. Beginning January 1, 2013, any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than eight hundred thousand dollars and, in addition, surplus of at least eight hundred thousand dollars.
(L. 2000 S.B. 894, A.L. 2007 S.B. 66)Effective 1-01-08
Annotation Copyright Missouri Joint Committee on Legislative Research
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