380.421. Membership in a company, eligibility. - Missouri Statutes

Membership in a company, eligibility.

380.421. 1. Any person having a risk insurable under theprovisions of sections 380.201 to 380.591 in the territory inwhich the company operates may become a member of such company byinsuring therein, and shall be entitled to all the rights andprivileges appertaining thereto. Any public corporation, privatecorporation or quasi-corporation, and any board, commission,estate or association owning property within the territory ofsuch company may make application, enter into agreements for andhold policies in any such company.

2. Any officer, trustee, board member or legalrepresentative of any such corporation, board, estate orassociation may be recognized as acting for or on its behalf forthe purpose of such membership, but shall not be personallyliable upon such contract of insurance, by reason of acting insuch representative capacity.

(L. 1984 H.B. 1498)

Effective 1-1-85