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2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 379 - Insurance Other Than Life
Section 379.1397 Changes in plan of operation, directors approval required.
Universal Citation: MO Rev Stat § 379.1397 (2018)
Effective 28 Aug 2007
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 379379.1397. Changes in plan of operation, directors approval required. — Any material changes to a SPLRC's plan of operation shall require the prior written approval of the director. However, if initially approved in the plan of operation, the subsequent issuance of securities, additional financing, substitution of a party to a swap transaction with a party of similar rating or the inclusion of additional business under a SPLRC contract shall not be considered a material change.
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(L. 2007 S.B. 215)
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