376.120. Director to examine and certify, when. - Missouri Statutes

Director to examine and certify, when.

376.120. Upon being notified that the proposals andagreements for assurance named in the charter have been made, andthe amount of premiums therein mentioned has been received, thedirector shall make an examination, or cause one to be made, bysome disinterested person specially appointed by him for thatpurpose; and if it shall be found by himself, or if the person soappointed shall certify, under oath, that agreements have beenentered into with said company, and premiums received in themanner and to the amount required by section 376.280, and thatthe amount required to be paid to said company is held by it inmoney, notes or bonds, then he shall so certify; and thecorporators or officers of such company shall be required tocertify, under oath, to the person making such examination, thatthe money, notes or bonds, or other obligations exhibited to him,have been received on deposit for premiums on bona fide proposalsand agreements for insurance.

(RSMo 1939 § 5810)

Prior revisions: 1929 § 5700; 1919 § 6111; 1909 § 6905