Missouri legislation · 2026 Regular Session
Missouri HB1615: Modifies the minimum number of directors for insurance entities from nine to five
Status: In committee, March 4, 2026
What the bill says
From the introduced text:
SECOND REGULAR SESSION HOUSE BILL NO. 1615 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE ALLEN. 4684H.01I JOSEPH ENGLER, Chief Clerk To repeal sections 376.060, 376.100, 379.035, 379.060, 379.520, and 379.590, RSMo, and to enact in lieu thereof six new sections relating to minimum directors for insurance entities. Section A. Sections 376.060, 376.100, 379.035, 379.060, 379.520, and 379.590, RSMo, are repealed and six new sections enacted in lieu thereof, to be known as sections 376.060, 376.100, 379.035, 379.060, 379.520, and 379.590, to read as follows: 376.060. When such corporators propose to form a joint stock company for the purposes designated in section 376.010, the charter comprised in the declaration mentioned in section 376.050 shall set forth (1) The name assumed by such corporation and by which it shall be known; (2) The place where the principal office for the transaction of its business shall be located; (3) The specific kind or kinds of business which it proposes to transact; (4) The amount of its capital stock, and the number of shares into which it shall be divided, and the manner in which it shall be paid up or secured; (5) The manner in which the corporate powers granted by sections 376.010 to 376.670 shall be exercised, showing the number of directors, which shall not be less than [nine or] five nor more …
Sponsors
- Bill Allen (R, 017) · primary sponsor
Latest actions
- : Reported Do Pass (H) - AYES: 11 NOES: 0 PRESENT: 1
- : Voted Do Pass (H)
- : Executive Session Completed (H)
- : Public Hearing Completed (H)
- : Referred: Insurance(H)
- : Read Second Time (H)
- : Read First Time (H)
- : Prefiled (H)
Votes
- Reported Do Pass (H) (March 4, 2026): 11 yea, 0 nay, passed
Common questions
- What is HB1615?
- HB1615 is a bill in the Missouri Legislature (2026 Regular Session): Modifies the minimum number of directors for insurance entities from nine to five.
- What is the status of HB1615?
- In committee as of March 4, 2026. Latest action: Reported Do Pass (H) - AYES: 11 NOES: 0 PRESENT: 1 (March 4, 2026).
- Who sponsored HB1615?
- Bill Allen (R, 017).
- Where is the official record for HB1615?
- On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB1615&year=2026&code=R
Source: official Missouri record. Tracked by Delilah, AI for legislation across all 50 states and Congress.