375.426. Director to make rules and regulations. - Missouri Statutes

Director to make rules and regulations.

375.426. The director shall have the power to make suchrules and regulations as may be necessary for the execution ofthe functions vested in him by sections 375.422 to 375.426, andmay for such purpose classify such insurance companies,securities, and other persons or matters within his jurisdiction.All such rules and regulations shall conform to, and be subjectto, the provisions of chapter 536, RSMo, as now constituted orhereafter amended. No provision of sections 375.422, 375.423 and375.424, imposing any liability shall apply to any act done oromitted in good faith in conformity with any rule or regulationof the director, notwithstanding that such rule or regulationmay, after such act or omission, be amended or rescinded ordetermined by judicial or other authority to be invalid for anyreason.

(L. 1965 p. 575 § 8)