383.015. License fee--registered agent required--articles of association required, contents of--bylaws, provisions required and allowed. - Missouri Statutes

License fee--registered agent required--articles of associationrequired, contents of--bylaws, provisions required and allowed.

383.015. 1. Any such group of persons desiring to provide malpracticeinsurance or indemnification for its members shall pay a license fee of onehundred dollars and shall file articles of association with the director ofthe department of insurance, financial institutions and professionalregistration. The articles shall be filed in accordance with the provisionsof sections 375.201 to 375.236, RSMo, and shall also include the names ofpersons initially associated, the method by which other persons may beadmitted to the association as members, the purposes for which organized, theamount of the initial assessment which has been paid into the association, themethod of assessment thereafter, and the maximum amount of any assessmentwhich the association may make against any member. The articles ofassociation shall provide for bylaws and for the amendment of the articles ofassociation and bylaws.

2. Each association shall designate and maintain a registered agentwithin this state, and service upon the agent shall be service upon theassociation and each of its members.

3. The articles of association shall be accompanied by a copy of theinitial bylaws of the association. The bylaws shall provide for a governingbody for the association, a manner of election thereof, the manner in whichassessments will be made, the specific kinds of insurance or indemnificationwhich will be offered, the classes of membership which will be offered, andmay provide that assessments of various amounts for particular classes ofmembership may be made. All assessments shall be uniform within classes. Thebylaws may provide for the transfer of risks to other insurance companies orfor reinsurance.

(L. 1975 S.B. 458 § 2)

Effective 6-26-75