Scope and Definitions

PURPOSE: This rule sets out the scope of the rules in this chapter and provides definitions to aid in the interpretation of the rules in this chapter. (1) Applicability of Rules. The rules in this chapter apply to insurance producers transacting business in this state including those licensed under section 375.018, RSMo. (2) Definitions. (A) “Cash premium payment,” a premium payment made in the form of currency. (B) “Certificate of Authority,” the whole or part of any certificate of approval or charter granted by the director for any insurance company, insurer, association, health services corporation, health maintenance organization, or other legal entity insuring risk. (C) “ERISA,” the Employee Retirement and Income Security Act of 1974 (29 USC Section 1101 et seq.). (D) “FINRA,” the Financial Industry Regulatory Authority. (E) “Licensee,” a person licensed by Missouri to act as an insurance producer. (F) “NAIC,” the National Association of Insurance Commissioners. (G) “NIPR,” the National Insurance Producer Registry. (H) “Personal insurance policy,” any liability or risk-assuming policy, contract, subscriber agreement, rider, or endorsement delivered or issued for delivery in this state by an insurer, for the purpose of providing personal, noncommercial insurance coverage to an individual or family on a nongroup basis, including individual or family automobile, homeowners, life, annuity, health, property, or casualty coverage. AUTHORITY: sections 374.045, 375.001, 375.012, 375.013, and 375.018, RSMo 2016.* Original rule filed Nov. 30, 2007, effective July 30, 2008. Amended: Filed March 8, 2019, effective Sept. 30, 2019. *Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008; 375.001, RSMo 1977, amended 2008; 375.012, RSMo 1961, amended 1965, 1967, 1981, 1993, 1997, 2001, 2007; 375.013, RSMo 1993, amended 1995; and 375.018, RSMo 1965, amended 1967, 1981, 1984, 1985, 1990, 1991, 1992, 1993, 2001, 2002.