379.780. Exemption from other insurance laws except retaliatory law, and certain enumerated sections. - Missouri Statutes

Exemption from other insurance laws except retaliatory law, andcertain enumerated sections.

379.780. 1. Except as provided in this section, no law ofthis state relating to insurance shall apply to the exchange ofindemnity contracts. When any other law is applicable, it shallbe construed in accordance with the fundamental nature of areciprocal or interinsurance exchange. In the event of anyconflict between such law and the provisions of this section orthe provisions of sections 379.650 to 379.770, the latter shallprevail. The other law may, however, supplement or explain theprovisions of this section and sections 379.650 to 379.770, andthe laws herein made applicable to reciprocal or interinsuranceexchanges.

2. The following laws shall be applicable to reciprocal orinterinsurance exchanges:

(1) Chapter 148, RSMo, wherein applicable to the taxation ofinsurance companies and associations;

(2) Chapter 374, RSMo, wherein applicable to insurers orinsurance companies except wherein the provisions thereof arespecifically or clearly applicable only to a stock or mutualinsurer;

(3) Chapter 375, RSMo, wherein applicable to insurers orinsurance companies except wherein the provisions thereof arespecifically or clearly applicable only to a stock or mutualinsurer;

(4) Sections 379.098, 379.100, 379.125, 379.140, 379.203,379.420 to 379.510, inclusive, and sections 379.650 to 379.790,inclusive.

(RSMo 1939 § 6089, A.L. 1967 p. 516, A.L. 1969 3d Ex. Sess. H.B. 21, A.L. 1975 H.B. 945)

Prior revisions: 1929 § 5977; 1919 § 6385