375.161. Certificate to do business--when terminated. - Missouri Statutes

Certificate to do business--when terminated.

375.161. No company shall transact in this state anyinsurance business unless it shall first procure from thedirector a certificate stating the requirements of the insurancelaws of this state have been complied with authorizing it to dobusiness, which certificate shall be renewed annually as of Julyfirst but which shall remain in full force and effect untilrenewed or refused by the director. Certificates in effectOctober 13, 1967, shall be extended to terminate on July 1, 1968,unless otherwise terminated, suspended or revoked.

(RSMo 1939 § 6003, A.L. 1953 p. 233, A.L. 1967 p. 516)

(1974) Employer's payment directly to its employees of sickness and medical benefits does not constitute doing of "insurance business". State ex rel. Farmer v. Monsanto Co. (Mo.), 517 S.W.2d 129.