379.250 Premiums.

379.250. Premiums. — 1. The maximum premium payable by any member shall be expressed in the policy or in the application for the insurance. 2. Such maximum premium may be a cash premium and an additional contingent premium not less than the cash premium, or may be solely a cash premium. 3. No policy shall be issued for a cash premium without an additional contingent premium unless the company has a surplus of at least one hundred thousand dollars or a surplus which is not less in amount than the capital stock required of domestic stock insurance companies transacting the same kinds of insurance. (RSMo 1939 § 5959) Prior revisions: 1929 § 5848; 1919 § 6258