Any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than four hundred thousand dollars and, in addition, surplus of at least four hundred thousand dollars. Beginning January 1, 2013, any title insurer authorized to do an insurance business in this state shall establish and maintain a minimum paid-in capital of not less than eight hundred thousand dollars and, in addition, surplus of at least eight hundred thousand dollars.
Mo. Rev. Stat. § 381.062
Establishment and maintenance of minimum paid-in capital and paid-in..
Known as the Missouri Title Insurance Act
The act spans §§ 381–381 (34 sections).
Effective: 01 Jan 2008, 2 histories, see footnote; (L. 2000 S.B. 894, A.L. 2007 S.B. 66)
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.