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MO HB1615

Bill

Official Source

Status

Introduced

1/7/2026

Primary Sponsor

Bill Allen

Click for details

Origin

House of Representatives

2026 Regular Session

AI Summary

  • Reduces the minimum number of directors required for insurance companies in Missouri from nine to five across multiple entity types
  • Affects joint stock life insurance companies, mutual life insurance companies, joint stock property/casualty insurers, and mutual property/casualty insurers
  • Maintains existing maximum director limits (ranging from 13 to 25 depending on entity type)
  • Applies to both new insurance company formations and corporations reorganizing to extend their corporate existence
  • Amends six sections of Missouri Revised Statutes (376.060, 376.100, 379.035, 379.060, 379.520, and 379.590)

Legislative Description

Modifies the minimum number of directors for insurance entities from nine to five

Last Action

Reported Do Pass (H) - AYES: 11 NOES: 0 PRESENT: 1

3/4/2026

Committee Referrals

Insurance2/12/2026

Full Bill Text

No bill text available