379.440. Rating organization must be licensed--who may apply--content of application. - Missouri Statutes

Rating organization must be licensed--who may apply--content ofapplication.

379.440. 1. No corporation, unincorporated association, partnership, orindividual shall act as a rating organization in this state without firstfiling with the director of the department of insurance, financialinstitutions and professional registration a written application for, andsecuring a license as, a rating organization for such kinds of insurance orsubdivisions thereof as are specified in its application.

2. Any corporation, unincorporated association, partnership, orindividual, whether located within or outside this state may make applicationfor and obtain a license as a rating organization for such kinds of insuranceor subdivision or class of risk or a part or combination thereof as arespecified in its application, provided it shall meet the requirements forlicense set forth in sections 379.420 to 379.510.

3. To obtain a license as a rating organization, every such corporation,unincorporated association, partnership or individual shall file therewith

(1) A copy of its constitution, its articles of agreement or associationor its certificate of incorporation, and of its bylaws, rules and regulationsgoverning the conduct of its business;

(2) A list of its members and subscribers;

(3) The name and address of a resident of this state upon whom noticesor orders of the director of the department of insurance, financialinstitutions and professional registration or process affecting such ratingorganization may be served; and

(4) A statement of its qualifications as a rating organization.

(L. 1947 V. II p. 254 § 3)