Section 379.105

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

Effective - 28 Aug 2000, highlighted 1    

  379.105.  Annual reports — contents. — 1.  It shall be the duty of the president or vice president and secretary or a majority of the directors of every insurance company organized pursuant to sections 379.010 to 379.160, or the laws of this state, or of the United States or any other state of the United States, doing the business mentioned in section 379.010 annually, on the first day of January, or within sixty days thereafter, to prepare under oath and deposit in the office of the director of the department of commerce and insurance a statement made up for the year ending the thirty-first day of December next preceding, showing:

  (1)  The amount of capital stock of the company, if it be a joint stock company, or if it be a mutual company, the amount of the face of the premium notes held by it, and the amount thereof remaining unpaid, specifying the amount constituting liens on property, and the amount of guarantee fund, if the company has such fund;

  (2)  The property or assets held by the company, specifying:

  (a)  The value of the real estate held by such company;

  (b)  The amount of cash on hand or deposited in banks to the credit of the company, specifying in what banks the same is deposited;

  (c)  The amount of cash in the hands of agents, and in the course of transmission;

  (d)  The amount of loans secured by bonds and mortgages or by deeds of trust;

  (e)  The amount of notes and bills receivable, matured and remaining unpaid;

  (f)  The amount of notes and bills receivable maturing;

  (g)  The amount of other securities held by the company specifying what they are and their cash value;

  (h)  The amount of debts considered bad or doubtful;

  (3)  The liabilities of the company, as follows:

  (a)  The amount due or to become due to banks or other creditors;

  (b)  Losses adjusted and due;

  (c)  Losses adjusted and not due;

  (d)  Losses unadjusted and in suspense and awaiting further proofs;

  (e)  Premium reserved or amount required to safely reinsure all outstanding risks, to be estimated by taking fifty percent of the gross premiums on all unexpired fire risks that have less than one year to run, and a pro rata of all gross premiums on risks that have more than one year to run, with fifty percent of the gross premiums on all unexpired inland navigation risks, and the whole amount of the gross premiums on all unexpired marine risks, and a pro rata of all gross premiums on all other risks;

  (f)  All other claims against the company;

  (4)  Greatest amount insured in any one risk;

  (5)  The number of agents employed in this state or other states;

  (6)  The amount of outstanding risks and gross premiums received and receivable thereon at the date of each statement;

  (7)  The amount of receipts from all sources, and amount of expenditures for all purposes, including dividends for the last fiscal year preceding the date of the statement; and

  (8)  A statement of any other facts or information concerning the affairs of said company which may be required by the director.

  2.  Notwithstanding any other provision of law to the contrary, information regarding compensation of any employee or officer contained within a statement required to be filed pursuant to this section shall not be subject to disclosure to any person other than employees of the department.

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(RSMo 1939 § 5923, A.L. 1967 p. 516, A.L. 2000 S.B. 896)

Prior revisions: 1929 § 5812; 1919 § 6222; 1909 § 7013