Missouri Laws 287.360 – Director may suspend or revoke permits and ask for a receiver
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Missouri Laws 287.360
- Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
For any violation of the provisions of this chapter the director of the department of commerce and insurance may suspend or revoke the authority of any insurance carrier to do business in this state. If any insurance carrier fails or delays to pay any compensation finally determined to be due, the director shall hear the complaint, and if such failure is without reasonable excuse he may revoke or suspend the authority of such carrier to do business in this state, and in a proper case may apply for the appointment of a receiver for such carrier.