2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 377 - Assessment Plan and Stipulated Premium Plan Life Insurance
Section 377.160 Deposit for costs and expenses.
Effective 28 Aug 1967
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 377377.160. Deposit for costs and expenses. — Before any foreign insurance company doing business under the assessment plan shall be authorized to do business in this state, it shall deposit, and always keep on deposit, with the director of the department of insurance, financial institutions and professional registration of this state, the sum of two thousand dollars, or secure the same to the satisfaction of the director, to indemnify the state against costs and expense for the prosecution of the company for violations of the law, and to pay the costs and expenses of the examination of the company, which the director may make or cause to be made.
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(RSMo 1939 § 5861, A.L. 1967 p. 516)
Prior revisions: 1929 § 5750; 1919 § 6160; 1909 § 6955
