Missouri Revised Statutes

Chapter 380
County, Town and Farmers' Mutual Property Insurance Companies
Section 380.461

August 28, 2011


Company may borrow to pay losses--assessment to pay loan.

380.461. The company may borrow money for the payment of accrued losses and expenses; but any sum necessary to pay the loan in full shall be included in the next assessment and the assessment shall be levied not later than twelve months after the incurring of the losses or expenses paid from the loan unless otherwise permitted by the director.

(L. 1984 H.B. 1498)

Effective 1-1-85


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