1. No insurer shall engage in the business of insurance in this state without first
complying with all the provisions of the laws of this state governing the business
2. No insurer organized or incorporated under the laws of this state shall undertake
any business or risk except as provided by those laws. No insurer organized or incorporated by or under the laws of this state or any other
state of the United States or any foreign government, transacting the business of
life insurance, shall be permitted or allowed to take any other kind of risks except
those connected with or pertaining to making assurance on the life of a human being
and the granting, purchasing and disposing of annuities and endowments, and the making
of insurance against accident and sickness to persons by life or health or life and
health insurers as provided in sections 376.010 and 376.309.
3. No insurer doing business in this state shall pay any commission or other compensation
to any person or entity for any services, as insurance producer, in obtaining in this
state any contract of insurance except to a licensed insurance producer of the insurer
and a licensed business entity insurance producer.
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