Missouri § 382.400 - Definitions.
Full text of Missouri Revised Statutes of Missouri § 382.400 — Definitions., with citation guidance and answers to common questions.
§ 382.400. Definitions.
As used in sections 382.400 to 382.409, the following terms mean:
(1) "Accredited state", a state in which the insurance department or regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners;
(2) "Control" or "controlled" has the meaning prescribed by section 382.010;
(3) "Controlled insurer", a licensed insurer which is controlled, directly or indirectly, by a producer;
(4) "Controlling producer", a producer who, directly or indirectly, controls an insurer;
(5) "Licensed insurer" or "insurer", any person, firm, association or corporation duly licensed to transact a property or casualty insurance business in this state. The following are not licensed insurers for the purposes of sections 382.400 to 382.410*:
(a) All risk retention groups as defined in the federal Superfund Amendments Reauthorization Act of 1986, as amended, and the federal Risk Retention Act, 15 U.S.C. Section 3901, et seq., as amended, and sections 375.1080 to 375.1105;
(b) All residual market pools and joint underwriting authorities or associations; and
(c) All captive insurers. For the purposes of sections 382.400 to 382.410*, "captive insurers" are insurance companies owned by another organization whose exclusive purpose is to insure risks of the parent organization and affiliated companies or, in the case of groups and associations, insurance organizations owned by the insureds whose exclusive purpose is to insure risks to member organizations and group members and their affiliates;
(6) "Producer", an insurance broker or brokers or any other person, firm, association, or corporation, when, for any compensation, commission, or other thing of value, the person, firm, association, or corporation acts or aids in any manner in soliciting, negotiating, or procuring the making of an insurance contract on behalf of an insured other than the person, firm, association, or corporation.
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(L. 1992 H.B. 1574 § 7, A.L. 2009 H.B. 577)
*Section 382.410 was repealed by S.B. 613 Revision § A, 2007.
---- end of effective 28 Aug 2009 ----
Frequently Asked Questions About Missouri § 382.400
What does Revised Statutes of Missouri § 382.400 cover?
Section 382.400 ("Definitions.") 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 § 382.400?
A common citation format is "Revised Statutes of Missouri § 382.400" (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 § 382.400 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.