Cooperation with receiver and director required--penalty.
375.1156. 1. Any officer, manager, director, trustee, owner,employee or agent of any insurer, or any other persons with authority overor in charge of any segment of the insurer's affairs, shall cooperate withthe director or any receiver in any proceeding under sections 375.1150 to375.1246 or any investigation preliminary to the proceeding. The term"person" as used in this section, shall include any person who exercisescontrol directly or indirectly over activities of the insurer through anyholding company or other affiliate of the insurer. "To cooperate" shallinclude, but shall not be limited to, the following:
(a) To reply promptly in writing to any inquiry from the directorrequesting such a reply; and
(b) To make available to the director any books, accounts, documents,or other records or information or property of or pertaining to the insurerand in its possession, custody or control.
2. It is unlawful for any person included in subsection 1 of thissection to obstruct or interfere with the director in the conduct of anydelinquency proceeding or any investigation preliminary or incidentalthereto.
3. This section shall not be construed to abridge otherwise existinglegal rights, including the right to resist a petition for liquidation orother delinquency proceedings, or other orders.
4. In any proceeding under sections 375.1150 to 375.1246, thedirector and his deputies shall be responsible on their official bonds forthe faithful performance of their duties. If the court deems it desirablefor the protection of the assets, it may at any time require an additionalbond from the director or his deputies, and such bonds shall be paid forout of the assets of the insurer as a cost of administration.
Cooperation with receiver and director required--penalty.
375.1156. 1. Any officer, manager, director, trustee, owner,employee or agent of any insurer, or any other persons with authority overor in charge of any segment of the insurer's affairs, shall cooperate withthe director or any receiver in any proceeding under sections 375.1150 to375.1246 or any investigation preliminary to the proceeding. The term"person" as used in this section, shall include any person who exercisescontrol directly or indirectly over activities of the insurer through anyholding company or other affiliate of the insurer. "To cooperate" shallinclude, but shall not be limited to, the following:
(a) To reply promptly in writing to any inquiry from the directorrequesting such a reply; and
(b) To make available to the director any books, accounts, documents,or other records or information or property of or pertaining to the insurerand in its possession, custody or control.
2. It is unlawful for any person included in subsection 1 of thissection to obstruct or interfere with the director in the conduct of anydelinquency proceeding or any investigation preliminary or incidentalthereto.
3. This section shall not be construed to abridge otherwise existinglegal rights, including the right to resist a petition for liquidation orother delinquency proceedings, or other orders.
4. In any proceeding under sections 375.1150 to 375.1246, thedirector and his deputies shall be responsible on their official bonds forthe faithful performance of their duties. If the court deems it desirablefor the protection of the assets, it may at any time require an additionalbond from the director or his deputies, and such bonds shall be paid forout of the assets of the insurer as a cost of administration.
Cooperation with receiver and director required--penalty.
375.1156. 1. Any officer, manager, director, trustee, owner,employee or agent of any insurer, or any other persons with authority overor in charge of any segment of the insurer's affairs, shall cooperate withthe director or any receiver in any proceeding under sections 375.1150 to375.1246 or any investigation preliminary to the proceeding. The term"person" as used in this section, shall include any person who exercisescontrol directly or indirectly over activities of the insurer through anyholding company or other affiliate of the insurer. "To cooperate" shallinclude, but shall not be limited to, the following:
(a) To reply promptly in writing to any inquiry from the directorrequesting such a reply; and
(b) To make available to the director any books, accounts, documents,or other records or information or property of or pertaining to the insurerand in its possession, custody or control.
2. It is unlawful for any person included in subsection 1 of thissection to obstruct or interfere with the director in the conduct of anydelinquency proceeding or any investigation preliminary or incidentalthereto.
3. This section shall not be construed to abridge otherwise existinglegal rights, including the right to resist a petition for liquidation orother delinquency proceedings, or other orders.
4. In any proceeding under sections 375.1150 to 375.1246, thedirector and his deputies shall be responsible on their official bonds forthe faithful performance of their duties. If the court deems it desirablefor the protection of the assets, it may at any time require an additionalbond from the director or his deputies, and such bonds shall be paid forout of the assets of the insurer as a cost of administration.
