Mo. Rev. Stat. » Chapter 377
Missouri Revised Statutes

Mo. Rev. Stat. § 377.200 (2026)

Stipulated premium companies defined

✓ current as of May 2026
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  377.200.  Stipulated premium companies defined — penalty for unlawful use of term. — Any corporation, company or association issuing policies or certificates promising money or other benefits to a member or policyholder, or upon his decease to his legal representatives, or to beneficiaries designated by him, which money or benefit is derived from stipulated premiums collected in advance from its members or policyholders, and from interest and other accumulations and wherein the money or other benefits so realized is applied to or accumulated solely for the use and purposes of the corporation as herein specified, and for the necessary expenses of the corporation, and the prosecution and enlargement of its business, and which shall comply with all the provisions of sections 377.200 to 377.460, shall be deemed to be engaged in the business of life insurance upon the stipulated premium plan and shall be subject only to the provisions of sections 377.200 to 377.460, except that the provisions of chapters 374 and 375, and sections 376.291 to 376.330, 376.675, 376.770 to 376.795*, 376.500 to 376.510, and 376.590 to 376.600 shall be applicable. It shall be unlawful for any corporation, company or association not having complied with the provisions of sections 377.200 to 377.460 to use the term "stipulated premium" in its application or contracts, or to print or write the same in its policies or literature.

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(RSMo 1939 § 5873, A.L. 1949 p. 310, A.L. 1967 p. 516, A.L. 2007 S.B. 66)

Prior revisions:  1929 § 5762; 1919 § 6172; 1909 § 6966

*Section 376.795 was repealed by H.B. 262, 1967.

(1954) The supervisory powers of the director of insurance under chapter 375, RSMo and particularly §§ 375.560 and 375.640 relating to the power to take charge of and wind up the affairs of insurance companies apply to stipulated premium companies. Old Reliable Soc. v. Leggett, 364 Mo. 630, 265 S.W.2d 302.

Notes of Decisions
Cited in 7 cases, 1953–2012 · leading case: Bryan v. Stanton (In Re Bryan), 466 B.R. 460 (8th Cir. BAP 2012).
Sort: Relevance Newest Treatment
Bryan v. Stanton (In Re Bryan), 466 B.R. 460 (8th Cir. BAP 2012). “” Mo.Rev.Stat. § 377.200 (emphasis added). Section 377.”
In Re Williams, 82 B.R. 518 (Bankr. W.D. Mo. 1988). “330 VAMS provides as follows: “The money or other benefit, charity, relief or aid to be paid, provided or rendered by any corporation authorized to do business under sections 377.200 to 377.460, shall not be liable to attachment or other process, and shall not be seized, taken,…”
W. Life Ins. Co. v. White, 331 S.W.2d 19 (Mo. Ct. App. 1959). “, which provides: “In the event of death after any policy of insurance has been issued by any corporation, company or association, doing business under the provisions of sections 377.200 to 377.460, and after the policy has been in force for the period of one full year, then…”
Mahn v. Am. Life & Accident Ins. Co., 390 S.W.2d 573 (Mo. Ct. App. 1965). “In essence and read in the light of the facts of the instant case the effect of that section is that the defendant has the burden not only of showing the falsity of the answers given on the application but also of showing that those diseases from which the assured suffered at…”
In Re Martin, 224 B.R. 749 (Bankr. E.D. Mo. 1998). “330 provides: The money or other benefit, charity, relief, or aid to be paid, provided or rendered by any corporation authorized to do business under sections 377.200 to 377.460, shall not be liable to attachment or other process, and shall not he seized, taken, appropriated or…”
Old Reliable Atlas Life Soc. v. Leggett, 265 S.W.2d 302 (Mo. 1954). · cites it 5× “The trial court made the requested findings, holding: “(1) That Sections 377.200 through 377.-460 inclusive, RSMo 1949, are not, insofar as the powers and duties of the Superintendent of Insurance are concerned, a code within itself and the supervisory powers of the…”
Mignon Reinecke v. Comm'r, 12 T.C.M. 1223 (Tax Ct. 1953). “That contract provided that Phoenix Mutual Life Insurance Company (authorized to do business in Missouri under section 377.200 to 377.460 of the Missouri Revised Statutes , 1949 ), herein sometimes called "Phoenix Mutual," should pay to transferor a monthly retirement income of…”
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