Missouri § 379.720 - Deficiency how made up — net premium and deposit defined.
Full text of Missouri Revised Statutes of Missouri § 379.720 — Deficiency how made up — net premium and deposit defined., with citation guidance and answers to common questions.
§ 379.720. Deficiency how made up — net premium and deposit defined.
1. If at any time the amounts on hand are less than the requirements of sections 379.700 and 379.710, the subscribers or their attorney for them shall make up the deficiency.
2. Where funds other than those which have accrued from premiums or deposits of subscribers are supplied to make up a deficiency as herein provided for they shall be deposited and held for the benefit of subscribers under such terms and conditions as the director of the department of commerce and insurance may require so long as the deficiency exists, thereafter to be returned to the depositors.
3. "Net premiums" or "deposits" as used in this law shall be construed to mean the advance premiums or deposits made by subscribers after deducting therefrom the amount for expenses specifically provided in the subscriber's agreement.
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(RSMo 1939 § 6083, A. 1949 H.B. 2092, A.L. 1967 p. 516)
Prior revisions: 1929 § 5971; 1919 § 6379
---- end of effective 28 Aug 1967 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 379.720
What does Revised Statutes of Missouri § 379.720 cover?
Section 379.720 ("Deficiency how made up — net premium and deposit defined.") 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 § 379.720?
A common citation format is "Revised Statutes of Missouri § 379.720" (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 § 379.720 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.