Mo. Code Regs. tit. 20 § 200-10.300
Current through Register Vol. 49, No. 19, October 1, 2024
Section 20 CSR 200-10.300 - Annual Certification and FilingPURPOSE OF AMENDMENT: This amendment clarifies the rule, creates an alternative to the annual CPA audit, and removes a reference to 20 CSR 200-10.500 that will no longer be accurate when Form MGA-3 is removed from that rule.
PURPOSE: This rule implements and administers sections 375.147- 375.153, RSMo regarding annual certification and filing.
(1) Annual Certification and Filing. Each insurer which has appointed a managing general agent (MGA) annually each January 1 shall-(A) Certify the existence or performance of the continued obligations imposed by section 375.150, RSMo by filing for each appointed MGA a completed certification on Form MGA-3 200-10.500); and (B) File a copy of the report of the most recent annual independent financial examination of the MGA, which may be satisfied by either an audit by a certified public accountant, or in some other form approved by the director. AUTHORITY: sections 374.045, RSMo 1986 and 375.153, RSMo Supp. 1990.* This rule was previously filed as 4 CSR 190-11.340(4). Original rule filed Jan. 22, 1991, effective July 8, 1991. Amended by Missouri Register June 3, 2019/Volume 44, Number 11, effective 7/31/2019*Original authority: 374.045, RSMo 1967 and 375.153, RSMo 1990.