Modifies provisions relating to multiple employer self-insured health plans
Second Read and Referred S Insurance and Banking Committee
Summary
The bill replaces Missouri statutes defining multiple‑employer self‑insured health plans, expanding the definition to include plans for two or more self‑employed individuals and their dependents. It also requires such plans to hold loss reserves for all incurred losses and to maintain a surplus account based on premiums or risk‑based capital. The changes aim to ensure financial stability of these plans.
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