Missouri § 287.940 - Penalties for violations, director may impose — each day a separate violation, when — license may be suspended or revoked, when.
Full text of Missouri Revised Statutes of Missouri § 287.940 — Penalties for violations, director may impose — each day a separate violation, when — license may be suspended or revoked, when., with citation guidance and answers to common questions.
§ 287.940. Penalties for violations, director may impose — each day a separate violation, when — license may be suspended or revoked, when.
1. The director may, upon a finding that any person or organization has violated any provision of sections 287.930 to 287.975, impose a penalty of not more than one thousand dollars for each such violation, but if the director finds such violation to be willful, a penalty of not more than ten thousand dollars for each such violation may be imposed. Such penalties may be in addition to any other penalty provided by law.
2. For purposes of this section, any insurer using a rate for which the insurer has failed to file the rate, supplementary rate information or supporting information, as required by sections 287.930 to 287.975, shall have committed a separate violation for each day such failure continues.
3. The director may suspend or revoke the license of any advisory organization or insurer which fails to comply with an order of the director within the time limit specified by such order, or any extension thereof which the director may grant.
4. The director may determine when a suspension of license shall become effective and it shall remain in effect for the period fixed by the director, unless the director modifies or rescinds such suspension, or until the order upon which such suspension is based is modified, rescinded or reversed.
5. No penalty shall be imposed and no license shall be suspended or revoked except on a written order of the director, stating the findings made after hearing.
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(L. 1993 S.B. 251 § 21)
Effective 1-01-94
---- end of effective 01 Jan 1994 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 287.940
What does Revised Statutes of Missouri § 287.940 cover?
Section 287.940 ("Penalties for violations, director may impose — each day a separate violation, when — license may be suspended or revoked, when.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 287.940?
A common citation format is "Revised Statutes of Missouri § 287.940" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 287.940 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.