Missouri Revised Statutes













Chapter 379

Insurance Other Than Life

←379.1316

Section 379.1318.1

379.1320→

August 28, 2015

Investment requirements, compliance with.

379.1318. 1. Association captive insurance companies shall comply with

the investment requirements contained in chapter 375 and sections 379.080 and

379.082, as applicable. Investments of association captive insurance

companies shall be valued in accordance with the valuation procedures

established by the National Association of Insurance Commissioners for

insurance companies, except to the extent it is inconsistent with accounting

standards in use by the company and approved by the director. Notwithstanding

any other provision of sections 379.1300 to 379.1350, the director may

approve the use of alternative reliable methods of valuation and rating.



2. No pure captive insurance company or industrial insured captive

insurance company shall be subject to any restrictions on allowable

investments whatever, including those limitations contained in sections

379.080 and 379.082; provided, however, that the director may prohibit or

limit any investment that threatens the solvency or liquidity of any such

company.



3. No pure captive insurance company shall make a loan to or an

investment in its parent company or affiliates without prior written approval

of the director, and any such loan or investment shall be evidenced by

documentation approved by the director.



(L. 2007 S.B. 215)







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