Missouri § 384.048 - Records required to be kept by licensees — to be open to director — retention period.

§ 384.048. Records required to be kept by licensees — to be open to director — retention period.

Each surplus lines licensee shall keep in his office in this state a full and true record of each surplus lines insurance contract placed by or through him, including a copy of the policy, certificate, cover note, or other evidence of insurance showing such of the following items as may be applicable:

(1)  Amount of the insurance and perils insured;

(2)  Brief description of the property insured and its location;

(3)  Gross premium charged;

(4)  Any return premium paid;

(5)  Rate of premium charged upon the several items of property;

(6)  Effective date of the contract, and the terms thereof;

(7)  Name and address of the insured;

(8)  Name and address of the insurer;

(9)  Amount of tax and other sums to be collected from the insured; and

(10)  Identity of the producing broker, any confirming correspondence from the insurer or its representative and the application.  

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(L. 1987 H.B. 700 § 15, A.L. 1989 S.B. 250)

---- end of effective  28 Aug 1989 ----

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