Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 700 - Insurance Licensing
Chapter 1 - Insurance Producers
Section 20 CSR 700-1.005 - Scope and Definitions
Universal Citation: 20 MO Code of State Regs 700-1.005
Current through Register Vol. 49, No. 6, March 15, 2024
PURPOSE: The amendment to this rule removes unnecessary language that is duplicative of statutory provisions and updates the statutory authority for this rule.
(1) Applicability of Rules. The rules in this chapter apply to insurance producers transacting business in this state including those licensed under section 375018., RSMo.
(2) Definitions.
(A) "Cash premium payment," a premium payment
made in the form of currency.
(B)
"Certificate of Authority," the whole or part of any certificate of approval or
charter granted by the director for any insurance company, insurer,
association, health services corporation, health maintenance organization, or
other legal entity insuring risk.
(C) "ERISA," the Employee Retirement and
Income Security Act of 1974 (
29 USC
Section 1101 et seq.).
(D) "FINRA," the Financial Industry
Regulatory Authority.
(E)
"Licensee," a person licensed by Missouri to act as an insurance
producer.
(F) "NAIC," the National
Association of Insurance Commissioners.
(G) "NIPR," the National Insurance Producer
Registry.
(H) "Personal insurance
policy," any liability or risk-assuming policy, contract, subscriber agreement,
rider, or endorsement delivered or issued for delivery in this state by an
insurer, for the purpose of providing personal, noncommercial insurance
coverage to an individual or family on a nongroup basis, including individual
or family automobile, homeowners, life, annuity, health, property, or casualty
coverage.
*Original authority: 374.045, RSMo 1967, amended 1993, 1995.
Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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