State Codes and Statutes
Statutes > Missouri > T24 > C384 > 384_043Licensing requirements for insurance producers, fee--examination,exception--renewal, when, violation, effect.
384.043. 1. No insurance producer shall procure any contract ofsurplus lines insurance with any nonadmitted insurer, unless he possesses acurrent surplus lines insurance license issued by the director.
2. The director shall issue a surplus lines license to any qualifiedholder of a current resident or nonresident property and casualty insuranceproducer license but only when the licensee has:
(1) Remitted the one hundred dollar initial fee to the director;
(2) Submitted a completed license application on a form supplied bythe director; and
(3) Passed a qualifying examination approved by the director, exceptthat all holders of a license prior to July 1, 1987, shall be deemed tohave passed such an examination.
3. Each surplus lines license shall be renewed for a term of twoyears on the biennial anniversary date of issuance and continue in effectuntil refused, revoked or suspended by the director in accordance withsection 384.065; except that if the biennial renewal fee for the license isnot paid on or before the anniversary date, the license terminates. Thebiennial renewal fee is one hundred dollars.
(L. 1987 H.B. 700 § 13, A.L. 1989 S.B. 250, A.L. 1990 H.B. 1739, A.L. 2001 S.B. 193 merged with S.B. 605, A.L. 2004 S.B. 1299, A.L. 2009 H.B. 577)
