Missouri § 378.626 - Statement of financial condition, contents, filing — penalty.
Full text of Missouri Revised Statutes of Missouri § 378.626 — Statement of financial condition, contents, filing — penalty., with citation guidance and answers to common questions.
§ 378.626. Statement of financial condition, contents, filing — penalty.
1. Every society transacting business in this state shall annually, on or before the first day of March, unless for good cause shown such time has been extended by the director, file with the director a true statement of its financial condition, transactions and affairs for the preceding calendar year and pay the required fee for filing same. The statement shall be in general form and context as approved by the National Association of Insurance Commissioners for fraternal benefit societies and as supplemented by additional information required by the director.
2. As part of the annual statement herein required, each society shall, on or before the first day of March, file with the director a valuation of its certificates in force on December thirty-first last preceding, provided the director may, in his discretion for cause shown, extend the time for filing such valuation for not more than two calendar months. Such valuation shall be done in accordance with the standards specified in section 378.625. Such valuation and underlying date shall be certified by a qualified actuary or, at the expense of the society, verified by an actuary of the insurance regulatory agency of the state of domicile of the society.
3. A society neglecting to file the annual statement in the form and within the time provided by this section may be subject to a fine of one hundred dollars for each day during which such neglect continues, and its authority to do business in this state may be suspended by the director while such default continues.
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(L. 1992 S.B. 831)
Effective 1-01-93
---- end of effective 01 Jan 1993 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 378.626
What does Revised Statutes of Missouri § 378.626 cover?
Section 378.626 ("Statement of financial condition, contents, filing — penalty.") 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 § 378.626?
A common citation format is "Revised Statutes of Missouri § 378.626" (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 § 378.626 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.