Missouri Laws 376.308 – Secondary mortgage market act, not to preempt health insurer, when
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Terms Used In Missouri Laws 376.308
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: the department of commerce and insurance. See Missouri Laws 376.005
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
No requirement for the making of any investment or holding any asset by an insurer, health services corporation, health maintenance organization or other entity regulated by the department of commerce and insurance pursuant to chapter 354 or chapters 374 to 385 shall be preempted by the provisions of section 106 of Title I of the federal Secondary Mortgage Market Act of 1984, as codified and may be amended from time to time.