1. If the director of the department of commerce and insurance finds that the applicant
meets the licensing requirements of sections 379.420 to 379.510 applicable to it and is trustworthy and competent to act as a rating organization
and that its constitution, articles of agreement or association or certificate of
incorporation, and its bylaws, rules and regulations governing the conduct of its
business conform to the requirements of sections 379.420 to 379.510, he shall issue a license specifying the kinds of insurance or subdivisions thereof
for which the applicant is authorized to act as a rating organization.
2. Every such application shall be granted or denied in whole or in part by the director
within sixty days of the date of its filing with him.
3. Licenses issued pursuant to this section shall remain in effect until revoked as
provided in sections 379.420 to 379.510.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.