LegalFix
Sign In

Section 374.090 Actuary, chief market conduct examiner and chief financial examiner, qualifications — bond required.

MO Rev Stat § 374.090 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Effective 28 Aug 1990

374.090. Actuary, chief market conduct examiner and chief financial examiner, qualifications — bond required. — 1. The director shall appoint and employ an actuary, a chief market conduct examiner and a chief financial examiner, who shall be subject to removal at the pleasure of the director. The director may contract with persons to assist the actuary or to provide actuarial services subject to appropriation by the general assembly.

2. The actuary shall have had at least five years' experience in actuarial work, the chief market conduct examiner shall have at least five years in insurance examination work as defined by the NAIC market conduct examiners' handbook in effect on August 28, 1990, and the chief financial examiner shall have had at least five years' experience in financial examination work.

3. The actuary and examiners shall not be or become interested in any insurance company other than as a policyholder.

4. The actuary and the examiners each shall file bond as required by the director, which shall not exceed the sum of ten thousand dollars.

­­--------

(RSMo 1939 § 5784, A. 1949 H.B. 2115, A.L. 1990 H.B. 1739)

Prior revision: 1929 § 5674

Previous Section
Section 374.085 Division of consumer affairs, duties — legal adviser may assist.
Next Section
Section 374.100 Actuary — duties — fees.