☰ Revisor of Missouri

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 376

< > Effective - 28 Aug 1993    bottom

  376.1084.  Insurer responsible for benefits and underwriting practices — insurer to conduct review of administrator, when. — 1.  If an insurer uses the services of an administrator, the insurer shall be responsible for determining the benefits, premium rates, underwriting criteria and claims payment procedures applicable to such coverage and for securing reinsurance, if any.  The rules pertaining to these matters shall be provided, in writing, by the insurer to the administrator.  The responsibilities of the administrator as to any of these matters shall be set forth in the written agreement between the administrator and the insurer.

  2.  It is the sole responsibility of the insurer to provide for competent administration of its programs.

  3.  In cases where an administrator administers benefits for more than one hundred certificate holders on behalf of an insurer, the insurer shall, at least semiannually, conduct a review of the operations of the administrator.  At least one such review shall be an on-site audit of the operations of the administrator.

­­--------

(L. 1993 H.B. 709 § 46)


---- end of effective  28 Aug 1993 ----

use this link to bookmark section  376.1084


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