380.201. Definitions.

MISSOURI STATUTES AND CODES

Definitions.

380.201. As used in sections 380.201 to 380.601, unless the contextclearly indicates otherwise, the following terms mean:

(1) "Assessment", the amount, or the policyholder's share of suchamount, determined by the company to be necessary to pay accrued liabilities,to meet or defray anticipated needs of the company and/or to add to or restorethe guaranty fund;

(2) "Director", the director of the department of insurance, financialinstitutions and professional registration of the state of Missouri;

(3) "Fee", the charge or that portion of such charge collected by thecompany which is used for or allocated to the payment of acquisition or surveycosts;

(4) "Guaranty fund", accumulated assets in excess of accrued losses andexpenses;

(5) "Initial charge", such charge or that portion of such charge nototherwise defined herein collected by the company before or at the time of theissuance or the renewal of the policy and used for, or allocated to, anypurpose which the company deems desirable not prohibited by law;

(6) "Premium", a stipulated amount charged for a specified policyperiod, which the company is required to charge as a liability and maintain asan unearned premium reserve until the end of the specified policy period.