Licensing of Business Entity Insurance Producers (Rescinded July 30, 2008)

AUTHORITY: sections 374.045, 375.013, 375.041, RSMo 2000, sections 375.012, 375.014, 375.016, 375.017, 375.019, 375.020, 375.022, 375.025, 375.031, 375.033, 375.035, 375.037, 375.039, 375.046, 375.051, RSMo Supp. 2001, and section 375.018, RSMo Supp. 2002. This rule was previously filed as 4 CSR 190-12.090. Original rule filed Dec. 23, 1975, effective Jan. 2, 1976. Amended: Filed July 15, 1976, effective Dec. 20, 1976. Amended: Filed Oct. 14, 1981, effective Jan. 15, 1982. Amended: Filed April 28, 1994, effective Oct. 30, 1994. Amended: Filed April 23, 1999, effective Nov. 30, 1999. Amended: Filed July 12, 2002, effective Feb. 28, 2003. Rescinded: Filed Nov. 30, 2007, effective July 30, 2008. Op. Atty. Gen. No. 286, Dalton (6-18-68). An insurance agency originally licensed after January 1, 1968, is required to pay an annual license fee of $25 on or before July 1, 1968, under the provisions of section 375.061, RSMo (Supp. 1967). Op. Atty. Gen. No. 177, Dill (5-2-68). “True name” as used in section 375.012, subsection (2), RSMo (Supp. 1967), means a person’s actual and not fictitious name and includes a surname, a first name and a middle name or initial. Op. Atty. Gen. No. 145, Scharz (9-15-66). A corporation may not be a licensed insurance agent. Therefore, an insurance company cannot pay agent’s commission to a corporate insurance agency.