374.090. Actuary, chief market conduct examiner and chief financial examiner, qualifications--bond required. - Missouri Statutes

Actuary, chief market conduct examiner and chief financial examiner,qualifications--bond required.

374.090. 1. The director shall appoint and employ anactuary, a chief market conduct examiner and a chief financialexaminer, who shall be subject to removal at the pleasure of thedirector. The director may contract with persons to assist theactuary or to provide actuarial services subject to appropriationby the general assembly.

2. The actuary shall have had at least five years'experience in actuarial work, the chief market conduct examinershall have at least five years in insurance examination work asdefined by the NAIC market conduct examiners' handbook in effecton August 28, 1990, and the chief financial examiner shall havehad at least five years' experience in financial examinationwork.

3. The actuary and examiners shall not be or becomeinterested in any insurance company other than as a policyholder.

4. The actuary and the examiners each shall file bond asrequired by the director, which shall not exceed the sum of tenthousand dollars.

(RSMo 1939 § 5784, A. 1949 H.B. 2115, A.L. 1990 H.B. 1739)

Prior revision: 1929 § 5674