Missouri Revised Statutes
Chapter 383 - Malpractice Insurance
Section 383.025 - Association to commence business, when — liability of members limited — business to be nonprofit, dividends may be paid, how.

Effective - 28 Aug 1992
383.025. Association to commence business, when — liability of members limited — business to be nonprofit, dividends may be paid, how. — The association may, on the seventh day thereafter, commence to do business. The association shall be a body corporate, and shall do business as a corporation. No member of the association shall be liable for any amounts because of his membership in the association other than his assessments as provided in the articles of association, the bylaws of the association or as ordered by the director of the department of commerce and insurance pursuant to section 383.035. The business of the association shall be conducted so as to preclude any distribution of income, profit or property of the association to the individual members thereof except in payment of claims or indemnities or upon the final dissolution of the association, but the association may pay dividends to its members as long as the association has a positive surplus both before and after any such dividend is declared.
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(L. 1975 S.B. 458 § 4, A.L. 1989 H.B. 774, A.L. 1992 S.B. 831)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XXIV - Business and Financial Institutions

Chapter 383 - Malpractice Insurance

Section 383.005 - Definitions.

Section 383.010 - Authority to form business entity to provide malpractice insurance — nonresidents may be members, when.

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

Section 383.016 - Articles of association and bylaws, additional contents.

Section 383.020 - Director to issue license, when.

Section 383.025 - Association to commence business, when — liability of members limited — business to be nonprofit, dividends may be paid, how.

Section 383.030 - Examination by director authorized — annual license fee — amendments to bylaws filed, when.

Section 383.033 - Association treated as mutual insurance company, tax purposes.

Section 383.035 - Association subject to certain laws — grace period for certain associations, limitations — certification filed with annual statement — rules and regulations, director may promulgate — impaired association, director's powers, review...

Section 383.037 - Rates, requirements.

Section 383.040 - Medical malpractice association exempt from premium tax.

Section 383.060 - Definitions.

Section 383.062 - Reports of real estate malpractice, contents.

Section 383.067 - Immunity granted person reporting and director.

Section 383.069 - Confidentiality of information and reports.

Section 383.075 - Definitions.

Section 383.077 - Reports of legal malpractice claims, contents.

Section 383.079 - Duty of director to issue statistical summary.

Section 383.081 - Immunity granted person reporting and director.

Section 383.083 - Confidentiality of information and reports.

Section 383.100 - Definitions.

Section 383.105 - Report of medical malpractice claims by certain insurers, contents, insurer defined.

Section 383.106 - Reporting standards — risk reporting categories — information compiled — report of rates.

Section 383.107 - Publication of market rate.

Section 383.108 - Publication of comparison of base rates.

Section 383.110 - Reports, when due, form of.

Section 383.115 - Information confidential, exception.

Section 383.120 - Immunity granted persons reporting and to director.

Section 383.124 - Administrative orders for violations of state laws or rules — civil action for violations.

Section 383.125 - Director to forward reported information to appropriate licensing board — further reports, contents, requirements.

Section 383.130 - Definitions.

Section 383.133 - Reports by hospitals, ambulatory surgical centers, nursing homes, and licensing authorities, when, contents, limited use, penalty.

Section 383.150 - Definitions.

Section 383.155 - Association created, when — limits of coverage — plan of operation, when due, contents of, amended, how — immunity from liability, when.

Section 383.160 - Policies, period covered — form of policy to be approved — rates, how regulated — assessments, how made — excess funds, disposition of.

Section 383.165 - Additional first year charge to policyholders.

Section 383.170 - Persons eligible to apply for coverage — eligibility requirements.

Section 383.175 - Board of directors, composition — expenses, payment of authorized.

Section 383.180 - Annual statement, when due, contents of.

Section 383.185 - Annual examination required, cost of, how paid.

Section 383.190 - Appeals and review.

Section 383.195 - Termination of plan, when.

Section 383.200 - Definition of insurer.

Section 383.203 - Rates filed with director — form — open to public, copies.

Section 383.206 - Sale of health care provider policy prohibited, when — determining factors — insurer may charge additional premium or grant discount, when — supporting data — rulemaking authority.

Section 383.209 - Rate increases over fifteen percent prohibited without notice, exception.

Section 383.225 - Insurer defined — prohibitions on insurers — failure to provide notice, continuation of coverage.

Section 383.500 - Physicians or surgeons on staff of certain hospitals to furnish malpractice insurance, exceptions.