☰ Revisor of Missouri

Title XVIII LABOR AND INDUSTRIAL RELATIONS

Chapter 287

< > Effective - 01 Jan 1994, see footnote bottom

  287.947.  Insurers to file rate information in competitive market with the director, purpose — noncompetitive market, information filed — form of filing — public inspection. — 1.  In a competitive market, every insurer shall file with the director all rates and supplementary rate information which is to be used in this state, except as provided in section 287.955.  Such rates and supplementary rate information shall be filed not later than thirty days after the effective date.  If the director finds, after a hearing, that an insurer's rates require closer supervision because of the insurer's financial condition or unfairly discriminatory rating practices, the insurer shall file with the director at least thirty days before the effective date, all such rates and such supplementary rate information and supporting information as prescribed by the director.  Upon application by the filer, the director may authorize an earlier effective date.

  2.  In a noncompetitive market every insurer shall file with the director all rates and supplementary rate information which is to be used in this state, except as provided in section 287.942. Such rates and supplementary rate information and supporting information required by the director shall be filed at least thirty days before the effective date.  Upon application by the filer, the director may authorize an earlier effective date.

  3.  Rates filed pursuant to this section shall be filed in such form and manner as prescribed by the director.  In a noncompetitive market, whenever a filing is not accompanied by such information as the director has required under this section, the director shall so inform the insurer within fifteen days and the filing shall not be deemed to be made until the information is furnished or the insurer certifies that the additional information is not maintained or cannot be provided.

  4.  All rates, supplementary rate information and any supporting information for risks filed under sections 287.930 to 287.975 shall, as soon as filed, be open to public inspection at any reasonable time.  Copies may be obtained by any person on request and upon payment of a reasonable charge.

­­--------

(L. 1993 S.B. 251 § 24)

Effective 1-01-94


---- end of effective  01 Jan 1994 ----

use this link to bookmark section  287.947


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House