Missouri Laws 376.750 – Financial report, submitted to director, when — tax exempt status — ..
1. The association shall be subject to examination and regulation by the director. The board of directors shall submit to the director each year, not later than* one hundred twenty days after the association’s fiscal year, a financial report in a form approved by the director and a report of its activities during the preceding fiscal year.
2. The association shall be exempt from payment of all fees and all taxes levied by this state or any of its subdivisions, except taxes levied on real property.
Terms Used In Missouri Laws 376.750
- Director: the director of the department of commerce and insurance. See Missouri Laws 376.005
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- State: when applied to any of the United States, includes the District of Columbia and the territories, and the words "United States" includes such district and territories. See Missouri Laws 1.020
3. There shall be no liability on the part of and no cause of action of any nature shall arise against any member insurer or its agents or employees, the association or its agents or employees, members of the board of directors, or the director or his representatives, for any action or omission by them in the performance of their powers and duties under the provisions of sections 376.715 to 376.758. Such immunity shall extend to the participation in any organization of one or more other state associations of similar purposes and to any such organization and its agents or employees.