§ 384.011 Title of law
§ 384.015 Definitions
§ 384.017 Nonadmitted insurers, purchases from allowed, when
§ 384.018 Nonadmitted insurer deemed domestic surplus lines insurer, when — domestic ..
§ 384.021 Nonadmitted insurers, limitation on furnishing coverage — exempt commercial ..
§ 384.023 Unlisted nonadmitted insurers may be used for coverage, when — requirements
§ 384.025 Ineligibility of nonadmitted insurer, grounds, when — notice to licensees
§ 384.034 Advisory organization may be formed, purposes — information to be filed — ..
§ 384.036 Policy or certificate to be delivered to insured or broker — policies to ..
§ 384.038 Enforceability of contract
§ 384.041 Premium payment to licensee deemed payment to insurer
§ 384.043 Licensing requirements for insurance producers, fee — examination, ..
§ 384.045 Licensees may originate or accept insurance from other licensees or ..
§ 384.048 Records required to be kept by licensees — to be open to director — ..
§ 384.051 Insured to file report on surplus lines insurance not obtained through a ..
§ 384.054 Delinquent tax, penalty, interest
§ 384.057 Licensee to file annual statement, contents — report to director, contents
§ 384.059 Premium tax applicable to surplus lines, rate, payment — broker may charge ..
§ 384.061 Premium tax to be levied only on entire gross premium for nonadmitted or ..
§ 384.062 Premium taxes collected by licensee but unpaid to department, actions ..
§ 384.065 Revocation, suspension or refusal to renew license of licensee, grounds — ..
§ 384.068 Cause of action on contracts of insurance may be brought against insurer — ..
§ 384.071 Violations, penalties
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Terms Used In Missouri Laws > Chapter 384 - Surplus Lines Insurance

  • Capital: funds paid in for stock or other evidence of ownership. See Missouri Laws 384.015
  • Contract: A legal written agreement that becomes binding when signed.
  • Director: the director of the department of commerce and insurance. See Missouri Laws 384.015
  • Domestic surplus lines insurer: a nonadmitted insurer that is domiciled in this state with which a surplus lines licensee may place only surplus lines insurance. See Missouri Laws 384.015
  • Eligible surplus lines insurer: a nonadmitted insurer with which a surplus lines licensee may place surplus lines insurance. See Missouri Laws 384.015
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Exempt commercial purchaser: any person purchasing commercial insurance that, at the time of placement, meets the following requirements:

    (a) The person employs or retains a qualified risk manager to negotiate insurance coverage. See Missouri Laws 384.015

  • Export: to place surplus lines insurance with a nonadmitted insurer. See Missouri Laws 384.015
  • following: when used by way of reference to any section of the statutes, mean the section next preceding or next following that in which the reference is made, unless some other section is expressly designated in the reference. See Missouri Laws 1.020
  • home state: means , with respect to an insured:

    a. See Missouri Laws 384.015

  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Kind of insurance: one of the types of insurance required to be reported in the annual statement which must be filed with the director by admitted insurers. See Missouri Laws 384.015
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Nonadmitted insurance: any property and casualty insurance permitted to be placed directly or through a surplus lines licensee with a nonadmitted insurer eligible to accept such insurance. See Missouri Laws 384.015
  • Nonadmitted insurer: an insurer not licensed to do an insurance business in this state, including insurance exchanges authorized under the laws of other states, but does not include a risk retention group, as that term is defined in the Liability Risk Retention Act of 1986 (15 U. See Missouri Laws 384.015
  • Oath: A promise to tell the truth.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
  • Producing broker: the individual broker or agent dealing directly with the party seeking insurance. See Missouri Laws 384.015
  • Property: includes real and personal property. See Missouri Laws 1.020
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Qualified risk manager: shall have the same meaning prescribed in the Nonadmitted and Reinsurance Reform Act of 2010 (15 U. See Missouri Laws 384.015
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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
  • Statute: A law passed by a legislature.
  • Surplus: funds over and above liabilities and capital of the company for the protection of policyholders. See Missouri Laws 384.015
  • Surplus lines insurance: any insurance of risks resident, located or to be performed in this state, permitted to be placed through a surplus lines licensee with a nonadmitted insurer eligible to accept such insurance, other than reinsurance, and life and health insurance and annuities. See Missouri Laws 384.015
  • Surplus lines licensee: a person licensed to place insurance on risks resident, located or to be performed in this state with nonadmitted insurers eligible to accept such insurance. See Missouri Laws 384.015
  • United States: includes such district and territories. See Missouri Laws 1.020