Two or more domestic reciprocal exchanges or interinsurers may merge or consolidate on affirmative vote of not less than two-thirds of the subscribers of each exchange or interinsurer who vote on the merger or consolidation, pursuant to due notice and prior approval of the director of the department of commerce and insurance of this state of the terms and manner of the notice and of the manner and form of the voting and of the proposed merger or consolidation.
Mo. Rev. Stat. § 379.770
Mergers or consolidation of reciprocal exchanges or interinsurers
Known as the The Casualty and Surety Rate Regulatory Law
The act spans §§ 379–379 (298 sections).
Effective: 28 Aug 2001; (L. 1959 S.B. 31 § 375.895, A.L. 1967 p. 516, A.L. 2001 H.B. 212)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.