384.041. Premium payment to licensee deemed payment to insurer. - Missouri Statutes

Premium payment to licensee deemed payment to insurer.

384.041. A payment of premium to a surplus lines licenseeacting for a person other than himself in negotiating,continuing, or reviewing any policy of insurance under theprovisions of sections 384.011 to 384.071 shall be deemed to bepayment to the insurer, whatever conditions or stipulations maybe inserted in the policy or contract notwithstanding.

(L. 1987 H.B. 700 § 12)

Effective 7-1-87