The company may borrow money for the payment of accrued losses and expenses; but any sum necessary to pay the loan in full shall be included in the next assessment and the assessment shall be levied not later than twelve months after the incurring of the losses or expenses paid from the loan unless otherwise permitted by the director.
Mo. Rev. Stat. § 380.461
Company may borrow to pay losses — assessment to pay loan
Effective: 01 Jan 1985, see footnote; (L. 1984 H.B. 1498)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.