Section 383.250

Title XXIV BUSINESS AND FINANCIAL INSTITUTIONS

Chapter 383

Effective - 28 Aug 2006, 2 histories, see footnote   (history) 

  383.250.  Health care stabilization fund feasibility board created, duties, report — members — appointment, meetings, reports — powers — staff — compensation — expiration date. — 1. There is hereby created within the department of insurance, financial institutions and professional registration the "Health Care Stabilization Fund Feasibility Board". The primary duty of the board is to determine whether a health care stabilization fund should be established in Missouri to provide excess medical malpractice insurance coverage for health care providers. As part of its duties, the board shall develop a comprehensive study detailing whether a health care stabilization fund is feasible within Missouri, or specified geographic regions thereof, or whether a health care stabilization fund would be feasible for specific medical specialties. The board shall analyze medical malpractice insurance data collected by the department of insurance, financial institutions and professional registration under sections 383.105 and* 383.106 and any other data the board deems necessary to its mission. In addition to analyzing data collected from the Missouri medical malpractice insurance market, the board may study the experience of other states that have established health care stabilization funds or patient compensation funds. If a health care stabilization fund is determined to be feasible within Missouri, the report shall also recommend to the general assembly how the fund should be structured, designed, and funded. The report may contain any other recommendations relevant to the establishment of a health care stabilization fund, including but not limited to specific recommendations for any statutory or regulatory changes necessary for the establishment of a health care stabilization fund.

  2. The board shall consist of ten members. Other than the director, the house members and the senate members, the remainder of the board's members shall be appointed by the director of the department of insurance, financial institutions and professional registration as provided for in this subsection. The board shall be composed of:

  (1) The director of the department of insurance, financial institutions and professional registration, or his or her designee;

  (2) Two members of the Missouri senate appointed by the president pro tem of the senate with no more than one from any political party;

  (3) Two members of the Missouri house of representatives appointed by the speaker of the house with no more than one member from any political party;

  (4) One member who is licensed to practice medicine as a medical doctor who is on a list of nominees submitted to the director by an organization representing Missouri's medical society;

  (5) One member who practices medicine as a doctor of osteopathy and who is on a list of nominees submitted to the director by an organization representing Missouri doctors of osteopathy;

  (6) One member who is a licensed nurse in Missouri and who is on a list submitted to the director by an organization representing Missouri nurses;

  (7) One member who is a representative of Missouri hospitals and who is on a list of nominees submitted to the director by an organization representing Missouri hospitals; and

  (8) One member who is a physician and who is on a list submitted to the director by an organization representing family physicians in the state of Missouri.

  3. The director shall appoint the members of the board, other than the general assembly members, no later than January 1, 2007. Once appointed, the board shall meet at least quarterly, and shall submit its final report and recommendations regarding the feasibility of a health care stabilization fund to the governor and the general assembly no later than December 31, 2010. The board shall also submit annual interim reports to the general assembly regarding the status of its progress.

  4. The board shall have the authority to convene conferences and hold hearings. All conferences and hearings shall be held in accordance with chapter 610.

  5. The director of the department of insurance, financial institutions and professional registration shall provide and coordinate staff and equipment services to the board to facilitate the board's duties.

  6. Board members shall receive no additional compensation but shall be eligible for reimbursement for expenses directly related to the performance of their duties.

  7. The provisions of this section shall expire December 31, 2010.

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(L. 2006 H.B. 1837 § 383.515)

Expires 12-31-10

*Word "to" appears in original rolls.