384.025. 1. If at any time the director has reason to believe that an eligible surplus lines insurer:
(1) Is in unsound financial condition;
(2) Is no longer eligible under section 384.021;
(3) Has willfully violated the laws of this state; or
(4) Does not make reasonably prompt payment of just losses and claims in this state or elsewhere;
the director may declare it ineligible.
2. The director shall promptly mail notice of all such declarations to each surplus lines licensee.
(L. 1987 H.B. 700 § 5)Effective 7-1-87
Missouri General Assembly