Section 379.230

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 379

Effective - 28 Aug 1939, highlighted 1    

  379.230.  Contracts of insurance and reinsurance. — Any company organized under the provisions of sections 379.205 to 379.310^* is empowered and authorized to make contracts of insurance or to reinsure or accept reinsurance on any portion thereof, to the extent specified in its articles for the kinds of insurance following:

  (1)  Liability insurance.  Against loss, expense or liability by reason of bodily injury or death by accident, disability, sickness or disease suffered by others for which the insured may be liable or have assumed liability, including workers' compensation.

  (2)  Disability insurance.  Against bodily injury or death by accident and disability by sickness.

  (3)  Automobile insurance.  Against any or all loss, expense and liability resulting from the ownership, maintenance or use of any automobile or other vehicle; provided, no policies shall be issued under this subsection against the hazard of fire alone.

  (4)  Steam boiler insurance.  Against loss or liability to persons or property resulting from explosions or accidents to boilers, containers, pipes, engines, flywheels, elevators and machinery in connection therewith and against loss of use and occupancy caused thereby and to make inspection and issue certificates of inspection thereon.

  (5)  Use and occupancy insurance.  Against loss from interruption of trade or business or loss of rents which may be the result of any accident or casualty.

  (6)  Miscellaneous insurance.  Against loss or damage by any hazard upon any risk not provided for in this section, which is not prohibited by statute or at common law from being the subject of insurance, excepting life insurance and fire insurance.

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(RSMo 1939 § 5955)

Prior revisions: 1929 § 5844; 1919 § 6254

*Section 379.310 was repealed by S.B. 262, 1967.