2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 375 - Provisions Applicable to All Insurance Companies
Section 375.710 Conflict of interests — power of court — trustees.
Effective 28 Aug 1992
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 375375.710. Conflict of interests — power of court — trustees. — In case of any conflict of interests on any matter, or concerning the enforcement or settlement of any conflicting claims between two or more insurers, the settlement and winding up of whose affairs shall be under the charge of the director, it shall be the duty of the director, and the right of any person interested in any of the insurers to report the fact of conflict and the question or questions involved to the court in which any of the causes is pending, and such court, thereupon, shall have power to appoint a trustee, to have charge and control of the interests of any of the insurers as regards the settlement or enforcement of its claims in respect to the matter in controversy, or to make such other orders providing for the settlement, adjustment or enforcement of the rights of the insurer in the matter as to the court shall seem best adapted to the protection of the rights of all.
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(RSMo 1939 § 6062, A. 1949 H.B. 2092, A.L. 1992 H.B. 1574)
Prior revisions: 1929 § 5951; 1919 § 6359; 1909 § 7089
