Missouri § 381.062 - Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.
Full text of Missouri Revised Statutes of Missouri § 381.062 — Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license., with citation guidance and answers to common questions.
§ 381.062. Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.
Any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than four hundred thousand dollars and, in addition, surplus of at least four hundred thousand dollars. Beginning January 1, 2013, any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than eight hundred thousand dollars and, in addition, surplus of at least eight hundred thousand dollars.
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(L. 2000 S.B. 894, A.L. 2007 S.B. 66)
Effective 1-01-08
---- end of effective 01 Jan 2008 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 381.062
What does Revised Statutes of Missouri § 381.062 cover?
Section 381.062 ("Establishment and maintenance of minimum paid-in capital and paid-in initial surplus necessary for insurance business license.") 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 § 381.062?
A common citation format is "Revised Statutes of Missouri § 381.062" (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 § 381.062 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.