384.015. As used in sections 384.011 to 384.071:
(1) "Admitted insurer" means an insurer licensed to do an insurance business in this state;
(2) "Capital" means funds paid in for stock or other evidence of ownership;
(3) "Director" means the director of the department of insurance;
(4) "Eligible surplus lines insurer" means a nonadmitted insurer with which a surplus lines licensee may place surplus lines insurance;
(5) "Export" means to place surplus lines insurance with a nonadmitted insurer;
(6) "Kind of insurance" means one of the types of insurance required to be reported in the annual statement which must be filed with the director by admitted insurers;
(7) "Nonadmitted insurer" means an insurer not licensed to do an insurance business in this state, including insurance exchanges authorized under the laws of other states;
(8) "Producing broker" means the individual broker or agent dealing directly with the party seeking insurance;
(9) "Surplus" means funds over and above liabilities and capital of the company for the protection of policyholders;
(10) "Surplus lines insurance" means any insurance of risks resident, located or to be performed in this state, permitted to be placed through a surplus lines licensee with a nonadmitted insurer eligible to accept such insurance, other than reinsurance, wet marine and transportation insurance independently procured, and life and health insurance and annuities;
(11) "Surplus lines licensee" means a person licensed to place insurance on risks resident, located or to be performed in this state with nonadmitted insurers eligible to accept such insurance;
(12) "Wet marine and transportation insurance" means:
(a) Insurance upon vessels, crafts, hulls and of interests therein or with relation thereto;
(b) Insurance of marine builder's risks, marine war risks and contracts of marine protection and indemnity insurance;
(c) Insurance of freights and disbursements pertaining to a subject of insurance coming within this section; and
(d) Insurance of personal property and interests therein, in the course of exportation from or importation into any country, or in the course of transportation coastwise or on inland waters, including transportation by land, water or air from point of origin to final destination, in connection with any and all risks or periods of navigation, transit or transportation, and while being prepared for and while awaiting shipment, and during any delays, transshipment, or reshipment incident thereto.
(L. 1987 H.B. 700 § 1 subsec. 2, A.L. 1989 S.B. 250)
Missouri General Assembly