Effective - 28 Aug 2015
378.633. Agents, licensing of — persons not deemed agents. — 1. Agents of societies shall be licensed in accordance with the provisions of chapter 375 regulating the licensing, revocation, suspension or termination of license of resident and nonresident agents; provided, that no person who acted in the capacity as an agent of a licensed society for a period of at least six months immediately preceding October 13, 1969, shall be required to take an examination as provided for in chapter 375 as a condition for licensure as an insurance agent.
2. The following individuals shall not be deemed an agent of a fraternal benefit society within the provisions of subsection 1 of this section:
(1) Any regular salaried officer, employee or secretary of a licensed society or any subordinate lodge thereof, who devotes substantially all of his services to activities other than the solicitation of fraternal insurance contracts from the public, and who receives for the solicitation of such contracts no commission or other compensation directly dependent upon the amount of business obtained; or
(2) Any member representative of any society who devotes, or intends to devote, less than fifty percent of his or her time to the solicitation and procurement of insurance contracts for such society. Any person who in the preceding calendar year has solicited and procured life insurance contracts on behalf of any society in an amount of insurance in excess of fifty thousand dollars, or, in the case of any other kind or kinds of insurance which the society might write, on the persons of more than twenty-five individuals and who has received or will receive a commission or other compensation therefor, shall be presumed to be devoting, or intending to devote, fifty percent or more of his or her time to the solicitation or procurement of insurance contracts for such society.
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(L. 1992 S.B. 831, A.L. 2015 S.B. 392)
Structure Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 378 - Fraternal Benefit Societies
Section 378.601 - Fraternal benefit society, defined.
Section 378.602 - Lodge system, requirements — children's wages permitted, limitation.
Section 378.603 - Representative form of government, requirements.
Section 378.604 - Definitions.
Section 378.605 - Operation, purpose — laws and rules, power to adopt.
Section 378.606 - Laws and rules, requirements — membership rights nonassignable.
Section 378.609 - Waiver of laws, restriction on, when.
Section 378.611 - Amendment of laws, procedures — amendments furnished to members.
Section 378.612 - Society may operate nonprofit organizations — may not own funeral home.
Section 378.613 - Reinsurance agreements, allowed — limitations.
Section 378.615 - Conversion to mutual life insurance company, allowed when.
Section 378.616 - Benefits authorized — rules to specify allowable beneficiaries.
Section 378.620 - Cash surrender value of certificate, computation of.
Section 378.621 - Investment of funds.
Section 378.622 - Assets, use of — variable basis contracts, allowed when.
Section 378.623 - Application of law — exemption from insurance laws.
Section 378.624 - Taxation of societies, exemptions.
Section 378.625 - Valuation of certificates, standards — reserves, excess permitted.
Section 378.626 - Statement of financial condition, contents, filing — penalty.
Section 378.627 - Annual renewal required.
Section 378.628 - Examination, director may conduct — expenses.
Section 378.629 - Foreign society to have license, requirements.
Section 378.631 - Foreign society, director may enjoin business, when.
Section 378.632 - Injunction, who may file.
Section 378.633 - Agents, licensing of — persons not deemed agents.
Section 378.634 - Unfair practices and frauds, subject to law — exception.
Section 378.635 - Service of process, director to be agent for.
Section 378.638 - Fraudulent acts, penalties.
Section 378.640 - Law not applicable to certain societies, when — specific exemptions.