Missouri § 375.821 - Conditions to be met for certificate of authority (foreign company).
Full text of Missouri Revised Statutes of Missouri § 375.821 — Conditions to be met for certificate of authority (foreign company)., with citation guidance and answers to common questions.
§ 375.821. Conditions to be met for certificate of authority (foreign company).
1. Before a certificate of authority to transact business in this state shall be issued to a foreign insurance company, the company shall satisfy the director that:
(1) The company is duly organized under the laws of the state or country under whose laws it professes to be organized and authorized to do the business it is transacting or proposes to transact;
(2) Its name is not the same as or deceptively similar to the name of any insurance company organized or incorporated under the laws of the state of Missouri or of any foreign insurance company authorized to transact business in this state; provided that such company, by resolution of its board of directors, may adopt an assumed name for use in this state that is not deceptively similar;
(3) That the company is transacting and proposes to transact the kinds of business which a domestic company similarly organized may be authorized to transact under the laws of this state;
(4) That the company meets the financial requirements as relates to capital and surplus or other statutory fund as originally required for companies being incorporated or organized under the laws of this state to do the same kinds of business;
(5) That its funds are invested in accordance with the laws of its domicile;
(6) That the officers and operating personnel of the company are competent and trustworthy to transact the business of insurance in this state and that the transaction of business in this state would not be hazardous to the general public; and
(7) That the company has paid all of the fees and taxes as prescribed by the laws of this state.
2. Before issuing a certificate of authority to a foreign insurance company, the director may cause an examination to be made of the condition and affairs of the company.
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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 § 375.821
What does Revised Statutes of Missouri § 375.821 cover?
Section 375.821 ("Conditions to be met for certificate of authority (foreign company).") 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 § 375.821?
A common citation format is "Revised Statutes of Missouri § 375.821" (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 § 375.821 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.