382.030. Disposal of investment required, when. - Missouri Statutes

Disposal of investment required, when.

382.030. If an insurer ceases to control a subsidiary, itshall dispose of any investment therein made pursuant to sections382.010 to 382.300 within three years from the time of thecessation of control or within such further time as the directormay prescribe, unless at any time after the investment has beenmade, the investment meets the requirements for investment underany other investment law applicable to the insurer, and theinsurer has notified the director thereof.

(L. 1971 S.B. 101 § 5)