375.750. Reports to court--payment of claims. - Missouri Statutes

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Statutes > Missouri > T24 > C375 > 375_750

Reports to court--payment of claims.

375.750. 1. The director, when charged with the winding upof the affairs of an insolvent insurer, shall make at least twicea year to the court and oftener if the court shall so order, afull report, under oath of the condition and affairs of suchinsurer.

2. If it shall appear to the court from such report that,after reserving an amount sufficient to pay the probable expenseof winding up the insurer, there shall remain in the hands of thedirector enough cash to pay at least ten percent of the allowedclaims, the court may order the same to be distributed accordingto the rights of the claimants.

3. This section shall apply only to proceedings institutedprior to August 28, 1991.

(RSMo 1939 § 6069, A.L. 1947 V. I p. 334, A. 1949 H.B. 2092, A.L. 1992 H.B. 1574)
Prior revisions: 1929 § 5958; 1919 § 6366; 1909 § 7096

State Codes and Statutes

Statutes > Missouri > T24 > C375 > 375_750

Reports to court--payment of claims.

375.750. 1. The director, when charged with the winding upof the affairs of an insolvent insurer, shall make at least twicea year to the court and oftener if the court shall so order, afull report, under oath of the condition and affairs of suchinsurer.

2. If it shall appear to the court from such report that,after reserving an amount sufficient to pay the probable expenseof winding up the insurer, there shall remain in the hands of thedirector enough cash to pay at least ten percent of the allowedclaims, the court may order the same to be distributed accordingto the rights of the claimants.

3. This section shall apply only to proceedings institutedprior to August 28, 1991.

(RSMo 1939 § 6069, A.L. 1947 V. I p. 334, A. 1949 H.B. 2092, A.L. 1992 H.B. 1574)
Prior revisions: 1929 § 5958; 1919 § 6366; 1909 § 7096

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State Codes and Statutes

Statutes > Missouri > T24 > C375 > 375_750

Reports to court--payment of claims.

375.750. 1. The director, when charged with the winding upof the affairs of an insolvent insurer, shall make at least twicea year to the court and oftener if the court shall so order, afull report, under oath of the condition and affairs of suchinsurer.

2. If it shall appear to the court from such report that,after reserving an amount sufficient to pay the probable expenseof winding up the insurer, there shall remain in the hands of thedirector enough cash to pay at least ten percent of the allowedclaims, the court may order the same to be distributed accordingto the rights of the claimants.

3. This section shall apply only to proceedings institutedprior to August 28, 1991.

(RSMo 1939 § 6069, A.L. 1947 V. I p. 334, A. 1949 H.B. 2092, A.L. 1992 H.B. 1574)
Prior revisions: 1929 § 5958; 1919 § 6366; 1909 § 7096