Provisions Applicable to All Insurance Companies, first third

What this document is

Missouri Revised Statutes Chapter 375 - Provisions Applicable to All Insurance Companies, first third (Secs. 375.001-375.610) is a state statute published by Missouri Revisor of Statutes (revisor.mo.gov). It is one of the Missouri documents that insurance license exam questions are written from, including missouri life & health, missouri property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Mo. Rev. Stat. Chapter 375 § 375.535 (Hazardous Assumption of Additional Risks, Hearing and Cease and Desist Order)

  “Whenever the director has reason to believe that any insurance company licensed to do business in this state is, because of the nature and extent of the risks assumed by the company, in such financial condition that the assumption of additional risks would be hazardous to creditors, policyholders,...”

• Mo. Rev. Stat. Chapter 375 § 375.537 (Impaired Insurer Definition and Notification Duty)

  “"Impaired" , a financial situation in which the assets of an insurer are less than the sum of the insurer's minimum required capital, minimum required surplus and all liabilities as determined in accordance with the requirements for the preparation and filing of the annual statement of an insurer;...”

• Mo. Rev. Stat. Chapter 375 § 375.052 (Additional Incidental Fees, Disclosure to Applicant or Insured)

  “An insurer or insurance producer may charge additional incidental fees for premium installments, late payments, policy reinstatements, or other similar services specifically provided for by law or regulation. Such fees shall be disclosed to the applicant or insured in writing.”

• Mo. Rev. Stat. Chapter 375 § 375.306.1 (Acting for a Company Lacking Required Capital or Guarantee Fund)

  “It is unlawful for any person to act within this state as agent, producer, or otherwise, in receiving or procuring applications for insurance, or in any manner to aid in transacting the business referred to in this chapter for any company or association doing business in this state, unless the...”

• Mo. Rev. Stat. Chapter 375 § 375.144 (Prohibited Acts in Connection with the Offer, Sale, Solicitation, or Negotiation of Insurance)

  “It is unlawful for any person, in connection with the offer, sale, solicitation or negotiation of insurance, directly or indirectly, to: (1) Employ any deception, device, scheme, or artifice to defraud; (2) As to any material fact, make or use any misrepresentation, concealment, or suppression; (3)...”

• Mo. Rev. Stat. Chapter 375 § 375.007 (Cancellation or Refusal to Issue Policy on Certain Grounds Prohibited, Exceptions)

  “No insurer shall cancel or refuse to write or refuse to renew a policy solely because of the age, place of residence, race, sex, color, creed, national origin, ancestry or lawful occupation, including the military service, of anyone who is or seeks to become insured or solely because another...”

• Mo. Rev. Stat. Chapter 375 § 375.004.2 (Renewal Not a Waiver of Cancellation Grounds)

  “Renewal of a policy shall not constitute a waiver or estoppel with respect to grounds for cancellation which existed before the effective date of the renewal.”

• Mo. Rev. Stat. Chapter 375 § 375.076 (No Consideration for Unlicensed Persons)

  “A person shall not accept a commission, service fee, brokerage or other valuable consideration for selling, soliciting or negotiating insurance in this state if that person is required to be licensed and is not so licensed.”

• Mo. Rev. Stat. Chapter 375 § 375.306.3 (Advertisement of Assets, Liabilities and Capital)

  “Whenever any insurance company doing business in this state advertises its assets, either in any newspaper or periodical, or by any sign, circular, card, policy of insurance or certificate of renewal thereof, it shall, in the same connection, equally conspicuously advertise its liabilities, and the...”

• Mo. Rev. Stat. Chapter 375 § 375.445.1 (Company Operating Fraudulently or in Bad Faith)

  “It is unlawful for any insurance company transacting business under the laws of this state to: (1) Conduct its business fraudulently; (2) Fail to carry out its contracts in good faith; or (3) Habitually and as a matter of business practice compelling claimants under policies or liability judgment...”

• Mo. Rev. Stat. Chapter 375 § 375.445.2 (Director's Enforcement Powers and License Action)

  “If the director determines that a person has engaged, is engaging in, or has taken a substantial step toward engaging in an act, practice or course of business constituting a violation of this section or a rule adopted or order issued pursuant thereto, or that a person has materially aided or is...”

• Mo. Rev. Stat. Chapter 375 § 375.007 (Cancellation or Refusal to Issue Policy on Certain Grounds Prohibited)

  “No insurer shall cancel or refuse to write or refuse to renew a policy solely because of the age, place of residence, race, sex, color, creed, national origin, ancestry or lawful occupation, including the military service, of anyone who is or seeks to become insured or solely because another...”

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More Missouri sources

• Missouri Rev. Stat. s. 375.014 - License required to act as insurance producerState statute
• Missouri Rev. Stat. s. 375.018 - Nonresident licenseState statute
• Missouri Rev. Stat. s. 375.141 - Grounds for license disciplineState statute
• Missouri Rev. Stat. s. 375.144 - Prohibited acts; misrepresentation and fraudState statute
• Missouri Rev. Stat. s. 375.936 - Unfair trade practices definedState statute
• Missouri Revised Statutes Chapter 375, second third (Secs. 375.620-375.1140)State statute
• Missouri Revised Statutes Chapter 375, final third (Secs. 375.1150-375.1803)State statute
• Missouri Rev. Stat. s. 376.375 - Life policy required provisionsState statute