375.031. Definitions. - Missouri Statutes

Definitions.

375.031. As used in sections 375.031 to 375.039, the following words andterms mean:

(1) "Director", the director of the department of insurance, financialinstitutions and professional registration;

(2) "Exclusive insurance producer", any licensed insurance producerwhose contract with an insurer requires the insurance producer to act as anagent only for that insurer or a group of insurers under common ownership orcontrol or other insurers authorized by that insurer;

(3) "Independent insurance producer", any licensed insurance producerrepresenting an insurance company as an independent contractor and not as anemployee, or any individual, partnership or corporation transacting businesswith the public or insurance companies as an agent is an independent insuranceproducer, but shall not include an exclusive insurance producer;

(4) "Insurer", any property and casualty insurance company doingbusiness in the state of Missouri.

(L. 1979 H.B. 506 § 1, A.L. 1985 S.B. 329, A.L. 1986 S.B. 701 merged with H.B. 1554 Revision, A.L. 2001 S.B. 193)

Effective 1-01-03

(1991) Where statute defining "insurer" is ambiguous and legislative intent was to protect independent agents from termination without notice by insurance companies that write either property or casualty insurance, definition of term "insurer" for purposes of sections 375.031 to 375.039, RSMo, includes companies which write either property or casualty insurance, as well as those who write both types of insurance. Risk Control Associates, Inc. v. Melahn, 822 S.W.2d 531 (Mo.App.).