ITT Lyndon Life Insurance Co. v. Crist

LOWENSTEIN, Judge.

This declaratory judgment suit involves an attempt by a life insurance company (Lyndon) to reduce the fee it had to pay the Division of Insurance of Missouri (Division) under § 374.230(1) RSMo.1986 (repealed and re-enacted in S.B. 250, Laws of Mo. 1989, effective August 28, 1989). The former section, applicable to this case before it was amended during the current session of the general assembly, authorized a fee to be charged to insurance companies doing business in the state, “not to exceed” ten dollars for each million dollars of insurance, “[F]or making valuations of…