379.1348. Examination of branch captive insurance companies, limitations. - Missouri Statutes

Examination of branch captive insurance companies, limitations.

379.1348. 1. The examination of a branch captive insurance companyunder section 379.1314 shall be of branch business and branch operationsonly, so long as the branch captive insurance company provides annually tothe director a certificate of compliance, or its equivalent, issued by orfiled with the licensing authority of the jurisdiction in which the branchcaptive insurance company is formed, and demonstrates to the director'ssatisfaction that it is operating in sound financial condition inaccordance with all applicable laws and regulations of such jurisdiction.

2. As a condition of licensure, the alien captive insurance companyshall grant authority to the director for examination of the affairs of thealien captive insurance company in the jurisdiction in which the aliencaptive insurance company is formed.

(L. 2007 S.B. 215)