The license of a supervising business entity may be suspended, revoked, renewal refused, or an application refused if the director finds that a violation by a portable electronics insurance vendor was known or should have been known by the supervising business entity and the violation was neither reported to the director nor correction action taken. A violation of this section is a level three violation under section 374.049.
Mo. Rev. Stat. § 379.1540
Supervising business entity, sanctioning of license, when
Known as the The Casualty and Surety Rate Regulatory Law
The act spans §§ 379–379 (298 sections).
Effective: 01 Jan 2012, see footnote; (L. 2011 S.B. 132)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.