During the pendency of delinquency proceedings in this or any reciprocal state no action or proceeding in the nature of an attachment, garnishment, or execution shall be commenced or maintained in the courts of this state against the delinquent insurer or its assets. Any lien obtained by any such action or proceeding within four months prior to the commencement of any such delinquency proceeding or at any time thereafter shall be void as against any rights arising in such delinquency proceeding.
Mo. Rev. Stat. § 375.982
Limitation on bringing proceedings, certain liens void
Known as the Insurance Producers Act
The act spans §§ 375–375 (383 sections).
Effective: 16 Jun 1976, see footnote; (L. 1976 H.B. 1479 § 9)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.