MO SB1376

Reduces the minimum number of directors required for insurance company boards from nine to five across multiple types of insurers, including joint stock life insurance companies, mutual life insurance companies, and property/casualty insurers

Maintains existing maximum board size limits: twenty-one directors for life insurance companies, twenty-five for joint stock property insurers, and thirteen for mutual property insurers and certain reorganizing companies

Amends six sections of Missouri Revised Statutes (376.060, 376.100, 379.035, 379.060, 379.520, and 379.590) governing insurance company corporate governance requirements

Applies to both newly forming insurance corporations establishing their initial charters and existing companies reorganizing or extending their corporate existence under Missouri law