Missouri § 375.163 - Director shall not authorize business if management of company is incompetent or untrustworthy.
Full text of Missouri Revised Statutes of Missouri § 375.163 — Director shall not authorize business if management of company is incompetent or untrustworthy., with citation guidance and answers to common questions.
§ 375.163. Director shall not authorize business if management of company is incompetent or untrustworthy.
The director shall not grant or continue authority to transact insurance in this state as to any insurer or interinsurance exchange, one or more of the managing officers of which is found by him, after hearing, to be of known bad character or to be so incompetent or untrustworthy as to make the proposed operation hazardous to the insurance buying public; or which he has good reason to believe is affiliated directly or indirectly through ownership, control, reinsurance transactions or other insurance or business relations with any person or persons whose business operations are or have been detrimental to policyholders or stockholders or investors or creditors or* the public by illegal or fraudulent manipulation or dissipation of assets or of accounts, or of reinsurance of any insurance company or companies, or by similar injurious actions.
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(L. 1963 p. 485 § 1, A.L. 1967 p. 516)
* Word "of" appears in original rolls.
---- end of effective 28 Aug 1967 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 375.163
What does Revised Statutes of Missouri § 375.163 cover?
Section 375.163 ("Director shall not authorize business if management of company is incompetent or untrustworthy.") 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 § 375.163?
A common citation format is "Revised Statutes of Missouri § 375.163" (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 § 375.163 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.