2017 Missouri Revised Statutes
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376 Life, Health and Accident Insurance
Section 376.752 Member insurer's deposit with director, exemption from, amount.
Effective 28 Aug 1988
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376376.752. Member insurer's deposit with director, exemption from, amount. — Any member insurer organized under the provisions of sections 376.010 to 376.670, or under any general or special laws of this state and transacting business of the character designated in section 376.010, shall be exempt from the provisions of section 376.170, relating to the amount required to be deposited with the director equal to the net value of all policies and annuity contracts; provided, however, that the extent of such exemption shall be eighty percent of such net value in the calendar year during which this act shall become effective, increasing by five percent for each succeeding calendar year until such exemption shall be equal to one hundred percent of such net value.
(L. 1988 S.B. 430 § 33)
