354.295. Certificate of authority not to be issued if controlling management involved in improper actions. - Missouri Statutes

Certificate of authority not to be issued if controlling managementinvolved in improper actions.

354.295. The director shall not approve any declaration oforganization or articles of incorporation or issue a certificateof authority to any company until he has found that there is nogood reason to believe that the incorporators, directors andproposed officers are affiliated, directly or indirectly,through ownership, control, management, reinsurance transactionsor other insurance or business relations with any person orpersons known to have been involved in the improper manipulationof assets, accounts or reinsurance.

(L. 1983 H.B. 127)