379.670. Application for license, contents--requirements.
Application for license, contents--requirements.
379.670. The subscribers so contracting among themselves shall, throughtheir attorney, file with the director of the department of insurance,financial institutions and professional registration of this state adeclaration verified by the oath of the attorney setting forth:
(1) The name or title of the office at which the subscribers propose toexchange indemnity contracts. The name or title shall not be so similar toany other name or title previously adopted by a similar organization or by anyinsurance corporation or association as in the opinion of the director of thedepartment of insurance, financial institutions and professional registrationis calculated to result in confusion or deception;
(2) The kind or kinds of insurance to be effected or exchanged;
(3) A copy of the form of policy contract or agreement under or by whichthe insurance is to be effected or exchanged;
(4) A copy of the form of power of attorney or other authority of theattorney under which the insurance is to be effected or exchanged;
(5) The location of the offices from which the contracts or agreementsare to be issued;
(6) That, except as to the kinds of insurance herein specificallymentioned in this subdivision, applications have been made for indemnity uponat least one hundred separate risks aggregating not less than one and one-halfmillion dollars represented by executed contracts or bona fide applications tobecome concurrently effective. In the case of employer's liability orworkers' compensation insurance, applications shall have been made forindemnity upon at least one hundred separate risks covering a total payroll ofnot less than two and one-half million dollars as represented by executedcontracts or bona fide applications to become concurrently effective. In thecase of automobile insurance, applications shall have been made for indemnityupon at least one thousand motor vehicles or for insurance aggregating notless than one and one-half million dollars represented by executed contractsor bona fide applications to become concurrently effective on any or allclasses of automobile insurance effected by the subscribers through theattorney;
(7) That there is in the possession of the attorney and available forthe payment of losses, assets conforming to the requirements of sections379.700 and 379.710.
(RSMo 1939 § 6080, A.L. 1967 p. 516)Prior revisions: 1929 § 5968; 1919 § 6376