379.070. Director to examine subscriptions, policyholders' surplus. - Missouri Statutes

Director to examine subscriptions, policyholders' surplus.

379.070. Upon notification that subscriptions to thepolicyholders' surplus mentioned in section 379.065 have beenmade, and that the subscriptions therein mentioned have beenreceived, the director shall make an examination, or cause one tobe made by some disinterested person specially appointed by himfor that purpose; and if it shall be found by himself, or if theperson so appointed shall certify, under oath, that thepolicyholders' surplus has been received, in the manner and tothe amount required by section 379.010, and that the amount isheld by it in investments permitted by section 379.080, then heshall so certify, and the incorporators or officers of suchcompany shall be required to certify, under oath, that theinvestments exhibited to the person making the examination, havebeen received on deposit for subscriptions to such policyholders'surplus.

(RSMo 1939 § 5916, A.L. 1989 S.B. 250)

Prior revisions: 1929 § 5805; 1919 § 6215; 1909 § 7006