354.205. Examinations--costs, how paid.

MISSOURI STATUTES AND CODES

354.205. Examinations--costs, how paid.

Examinations--costs, how paid.

354.205. 1. The expenses of any proceedings concerning, or examinationsof, a corporation subject to the provisions of sections 354.010 to 354.380,conducted by the department of insurance, financial institutions andprofessional registration, shall be assessed by the director upon thecorporation proceeded against or examined, or whose policies have been valued,and shall be in the first instance paid by such corporation, on the order ofthe director, directly to the person or persons rendering the service.

2. If the corporation subject to the provisions of sections 354.010 to354.380 has been or shall be adjudged insolvent, or shall neglect, fail orrefuse to pay the director may approve the payment of the expenses, in wholeor in part, which shall be paid in like manner as other expenses of thedepartment of insurance, financial institutions and professional registration;and the amount so paid, together with cost, charges and fees for collectingthe same, shall be a first lien upon all the assets and property of suchcorporation, and may be recovered by the director of revenue in any court ofcompetent jurisdiction; or if such corporation be in liquidation, or processof being wound up, the cost and expenses of settling its affairs shall beallowed and taxed as costs against said corporation, and shall be a first lienupon and payable out of its assets. The director of revenue shall depositsuch sums in the state treasury to reimburse the insurance fund.

3. Before any costs of any examination or valuation shall be paid,vouchers for the same shall be submitted to and approved by the commissionerof administration.

4. When any examination or valuation is made by the director in personor by any salaried employee of the department of insurance, financialinstitutions and professional registration, the cost of making the same shallbe certified to the director of revenue for collection.