Read 1st time January 18, 2000, and 1000 copies ordered printed.
ANNE C. WALKER, Chief Clerk
AN ACT
To amend chapter 375, RSMo, relating to insurance companies by adding thereto one new section relating to the same subject.
Section A. Chapter 375, RSMo, is amended by adding thereto one new section, to be known as section 375.347, to read as follows:
375.347. Securities and other related assets not exclusively controlled by an insurance company shall only be held
by banks, trust companies or securities depositories that are members of and regulated by the Securities and
Exchange Commission, the federal reserve system and the appropriate banking authority.