Missouri § 375.535 - Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when.
Full text of Missouri Revised Statutes of Missouri § 375.535 — Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when., with citation guidance and answers to common questions.
§ 375.535. Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, when.
Whenever the director has reason to believe that any insurance company licensed to do business in this state is, because of the nature and extent of the risks assumed by the company, in such financial condition that the assumption of additional risks would be hazardous to creditors, policyholders, or the general public, he may issue and serve upon the company a statement of charges and notice of hearing thereon. If after a hearing the director finds that the company is in such financial condition that the assumption of additional risks would be hazardous to creditors, policyholders or the general public, he shall order the company to cease and desist from writing any new business until the company's financial condition is no longer hazardous thereto.
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(L. 1967 p. 516)
---- end of effective 28 Aug 1967 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 375.535
What does Revised Statutes of Missouri § 375.535 cover?
Section 375.535 ("Director to issue charges when he believes assumption of additional risks financially hazardous — hearing — cease and desist order, 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 § 375.535?
A common citation format is "Revised Statutes of Missouri § 375.535" (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 § 375.535 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.