Current through Register Vol. 49, No. 24, December 16, 2024
Section 20 CSR 200-17.200 - Procedure for Foreign Insurer to Obtain a Certificate of Authority to Transact the Business of InsurancePURPOSE: This amendment removes outdated language.
(1) Any foreign insurance company, as that term is used in section 375.811, RSMo, making application to the director of the department for a certificate of authority to transact an insurance business in the state of Missouri shall do so by filing both of the following:(A) A completed Uniform Certificate of Authority Application (UCAA) form as follows: 1. An expansion application, if the applicant is organized under the laws of a uniform state; or2. A primary application, if the applicant is not organized under the laws of a uniform state; and(B) Additional information as follows: 1. A narrative description of the history of the applicant;2. Explanation of any unique assets, liabilities, or operating aspects of the applicant; and3. A detailed explanation of any present controversy with any state or federal regulatory agency or of any presently pending formal or informal hearings.(2) A uniform state is a state or territory of the United States that is committed to using the UCAA review process for company admissions.(3) Upon request, the department will provide information regarding: (A) Whether a state or territory is a uniform state;(B) How to obtain the appropriate UCAA form (including any forms specific to Missouri under the UCAA review process); and(C) The application of the statutory standards for evaluating an application for a certificate of authority. AUTHORITY: section 374.045, RSMo 2000.* Original rule filed June 14, 2001, effective Dec. 30, 2001. Amended by Missouri Register March 15, 2019/Volume 44, Number 6, effective 4/30/2019*Original authority: 374.045, RSMo 1967, amended 1993, 1995.