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2018 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 380 - County, Town and Farmers' Mutual Property Insurance Companies
Section 380.461 Company may borrow to pay losses — assessment to pay loan.
Universal Citation: MO Rev Stat § 380.461 (2018)
Effective 01 Jan 1985, see footnote
Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 380380.461. Company may borrow to pay losses — assessment to pay loan. — The company may borrow money for the payment of accrued losses and expenses; but any sum necessary to pay the loan in full shall be included in the next assessment and the assessment shall be levied not later than twelve months after the incurring of the losses or expenses paid from the loan unless otherwise permitted by the director.
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(L. 1984 H.B. 1498)
Effective 1-01-85
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