Missouri § 379.1376 - Contract requirements.
Full text of Missouri Revised Statutes of Missouri § 379.1376 — Contract requirements., with citation guidance and answers to common questions.
§ 379.1376. Contract requirements.
A SPLRC may enter into a SPLRC contract with a ceding company, provided:
(1) The SPLRC has been granted a license to transact business as an SPLRC under sections 379.1353 to 379.1421; and
(2) The SPLRC provides the director with evidence of an approval or nondisapproval from the insurance regulatory official of the ceding company's state or country of domicile to enter into the SPLRC contract. If the ceding company's domiciliary insurance regulatory official does not customarily provide evidence of such approval or nondisapproval, the director shall approve the SPLRC's execution of such SPLRC contract if such SPLRC contract would be acceptable if an assuming insurer domiciled in this state were to propose execution of the same with its ceding company for the purpose of assuming such reinsurance and an officer of the SPLRC provides the director with a certification that terms of the SPLRC contract meet the requirements for the ceding company to obtain credit in its state of domicile for reinsurance ceded under the SPLRC contract.
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(L. 2007 S.B. 215)
---- end of effective 28 Aug 2007 ----
Frequently Asked Questions About Missouri § 379.1376
What does Revised Statutes of Missouri § 379.1376 cover?
Section 379.1376 ("Contract requirements.") 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 § 379.1376?
A common citation format is "Revised Statutes of Missouri § 379.1376" (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 § 379.1376 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.