379.250. Premiums. - Missouri Statutes

Premiums.

379.250. 1. The maximum premium payable by any member shallbe expressed in the policy or in the application for theinsurance.

2. Such maximum premium may be a cash premium and anadditional contingent premium not less than the cash premium, ormay be solely a cash premium.

3. No policy shall be issued for a cash premium without anadditional contingent premium unless the company has a surplus ofat least one hundred thousand dollars or a surplus which is notless in amount than the capital stock required of domestic stockinsurance companies transacting the same kinds of insurance.

(RSMo 1939 § 5959)

Prior revisions: 1929 § 5848; 1919 § 6258