Missouri § 375.510 - Reinsurance — rights and liabilities — insolvency.
Full text of Missouri Revised Statutes of Missouri § 375.510 — Reinsurance — rights and liabilities — insolvency., with citation guidance and answers to common questions.
§ 375.510. Reinsurance — rights and liabilities — insolvency.
1. If any insolvent and dissolved company shall be reinsured under the provisions of law, the securities on deposit with the director at the date of the dissolution of the said company shall remain on deposit with him, as a fund for the benefit of the policyholders of the reinsured company, so long as their said policies remain in force; and the same shall not, by virtue of the reinsurance, be transferred to or become a part of the deposit of the reinsuring company, except that said reinsuring company shall have the same right as to the withdrawal or substitution, and as to receiving the interest thereon, as the depositing company had; and said reinsuring company shall be subject to the same liabilities, penalties and obligations as the company depositing would have been with respect to policy claims against it.
2. In case the reinsuring company becomes insolvent, the director of the department of commerce and insurance shall dispose of the deposits as provided in case of insolvent companies, paying first, out of the net proceeds thereof, the policy claims against the reinsured company, and the remainder, if any, into the general assets of the reinsuring company.
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(RSMo 1939 § 6048, A. 1949 H.B. 2092)
Prior revisions: 1929 § 5937; 1919 § 6345; 1909 § 7075
---- end of effective 28 Aug 1949 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 375.510
What does Revised Statutes of Missouri § 375.510 cover?
Section 375.510 ("Reinsurance — rights and liabilities — insolvency.") 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 § 375.510?
A common citation format is "Revised Statutes of Missouri § 375.510" (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 § 375.510 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.