Law and Government Legislation regarding 'Insurance, Department Of' in Missouri

SS/SCS/SB 1283 - This act establishes the Missouri Health Transformation Act of 2008.MINIMUM HEALTH PROMOTION STANDARD FOR STATE BUILDINGSThis act requires the Office of Administration, in consultation with the Department of Health and Senior Services to submit a report to the Governor and General Assembly by December 31, 2008, detailing the opportunities for the state to implement a minimum health promotion standard for construction or substantial renovation of a state building. The report on minimum health standards shall also include estimates of any additional costs or savings from incorporating new architectural features. The health promotion standards to be developed in the report shall consist of architectural features designed to promote and encourage a healthier workplace and environment for those working and using the resources in a state building. SECTION 8.365HEALTH CABINET AND HEALTH POLICY COUNCILThis act creates the Missouri Health Cabinet. The cabinet shall ensure [...]

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SB 1272 - Under this act, a contract between a health carrier and a health care provider shall not require the provider to submit quality of care data to the health carrier as a condition of payment for medical services rendered, unless such data is included in the set of quality of care indicators selected by the federal Centers for Medicare and Medicaid Services for disclosure in comparative format to the public. The provisions of this section shall not be construed to limit the health carrier's ability to: (1) Abstract quality of care data from billing data submitted by the provider; or (2) Collect data necessary to comply with federal or state law or regulation or accreditation standards; or (3) Collect data from health care providers for whom the Centers for Medicare and Medicaid Services has not implemented quality of care indicators for disclosure in comparative format. Under this act, any person who sells or distributes to the public quality of care data shall include [...]

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SB 1247 - This act modifies provisions relating to bail bond and surety recovery agents.SECTION 374.706; SECTIONS 374.700-374.789 Section 374.706, RSMo, establishes a "Professional Bail Bonds Board" to license, supervise, discipline, and educate all general bail bond agents, bail bond agents, and surety recovery agents in this state. The board shall consist of nine members, including four general bail bond agents, two bail bond agent, one law enforcement officer, one circuit court clerk, and one public member. All oversight of bail bond and surety recovery agents currently handled by the director of the department of insurance is transferred to the board. There shall be a ten dollar fee, paid by the defendant, on any bond written by a licensed agent in this state. Five dollars of such fee shall be deposited into the newly created "Professional Bail Bonds Board Fund", in order to pay the expenses incurred by the board to fulfill its duties. Such expenses may include employing staff.[...]

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SB 1229 - This act requires health carriers to provide health insurance to persons under the age of 21 for the diagnosis and treatment of Autism Spectrum Disorder. Under the act, a carrier shall not deny or refuse to issue coverage or refuse to renew a health benefit plan on an individual solely because the individual is diagnosed with autism spectrum disorder. Coverage for applied behavior analysis is subject to $50,000 maximum benefit. The $50,000 limitation shall be adjusted for inflation by the director of the Department of Insurance. Payments for the treatment of health conditions unrelated to the treatment of Autism Spectrum Disorder shall not be applied to $50,000 maximum benefit limitation. The act also requires the Department of Health and Senior Services to establish standards to be utilized by health benefit plans for the credentialing of autism service providers. The provisions of this act shall not apply to health benefit plans offered solely to individuals or through small [...]

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SB 1098 - This act modifies the law regarding medical malpractice, to wit, 383 malpractice associations. PLAN OF OPERATION/FEASIBILITY STUDY - Under the act, any group desiring to provide malpractice insurance for its members shall file a plan of operation or feasibility study with the director (Section 383.015). The plan of operation or feasibility study shall detail the coverages, deductibles, coverage limits, rates and rating classification systems for the insurance the association intends to offer. The plan shall also include historical and expected loss experience, pro forma financial statements and projections, actuarial opinions regarding the association's solvency, and underwriting claim procedures (Section 383.015).ASSOCIATION SURPLUS AND SOLVENCY REQUIREMENTS - This act requires 383 associations to maintain a policyholders' surplus of at least $100,000 and requires the association to deposit with the director of the department of insurance cash, bonds or treasury notes in [...]

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SB 1090 - This act modifies the law relating to residential property insurance.RESIDENTIAL INSURANCE - Under this act, an insurer may cancel a homeowner's policy if physical changes in the property insured have significantly increased the hazards originally insured. Under the current law, an insurer may cancel the policy if physical changes have increased the hazards originally insured (Section 375.002). Under this act, the insurer must give the insured 60 days notice prior to cancelling the insured's policy (current law is 30 days). The insurer must also give the insured 60 days of its intention not to renew a policy (Sections 375.003 and 375.004). Under this act, homeowner insurance companies shall not consider as a claim any inquiry made by the insured as to whether the policy covers a certain loss or whether the policy provides a certain type or level of coverage (Section 375.001). Homeowner insurance companies are prohibited from refusing to renew a policy on the basis of [...]

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SB 1029 - This act establishes the Market Conduct Surveillance Act. The act is based upon a model act adopted by the National Conference of Insurance Legislators (NCOIL). If adopted, the act would, among other things: (1) Establish methods for collecting marketplace data; (2) Allow domiciliary states to have responsibility to perform market conduct surveillance; (3) Enhance state collaboration; (4) Sets forth a continuum of market conduct actions to be considered prior to undertaking targeted market conduct exams; (5) Require Missouri participate in an enhanced NAIC National Consumer Complaint Database; (6) Incorporate and encourage use of other NAIC work products, such as the NAIC Market Analysis Handbook, Examination Tracking System, and Market Conduct Uniform Examination Procedures; and (7) Set forth a structure for performing targeted market conduct examinations, including examination announcement requirements, authorization to accept an examination conducted by [...]

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HCS/SCS/SB 1008 - This act modifies various provisions relating to health insurance and automobile insurance. This act provides that in order to continue dependent coverage under certain health insurance plans on a child past a limiting age because of the child's physical or mental handicap, the enrollee must furnish proof of the child's incapacity and dependency within 31 days after the child reaching the limiting age. The current law states that such proof must be furnished at least 31 days after the child reaches the limiting age (section 354.536, 376.426, and 376.776) This act allows the director of the Department of Insurance, Financial Institutions, and Professional Registration to promulgate rules establishing the specific delivery method for submissions of rate filings, rules, license applications, and other insurance-related filings. The types of delivery methods shall be web-based interface systems such as the System for Electronic Rate Form Filing (SERFF), the National [...]

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SB 973 - This act provides that no applicant shall be enrolled in a Medicare Advantage plan until two business days have passed since the initial personal solicitation and the applicant has signed a disclosure form. Personal solicitation includes either an on-site presentation at a facility or a home meeting with an insurance agent. The disclosure shall be signed and dated by both the applicant and the agent on the day of the initial personal solicitation and shall include: -A statement that Medicare Advantage plans are not Medigap supplement plans; -A statement advising the applicant to confirm with his or her health care providers whether or not the provider has contracted with the Medicare Advantage plan to provide medical services; and -A statement advising the applicant to contact either a trusted family member, friend or the state health insurance assistance program, known as CLAIM. The director of the Department of Insurance, Financial Institutions and Professional Registration [...]

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SCS/SB 902 - This act establishes the Missouri Vehicle Protection Product Act. Under the act, a person would be prohibited from selling or offering for sale a vehicle protection product in Missouri unless the seller, warrantor, and any administrator complies with the provisions of the proposed act. A vehicle protection product warrantor, a seller of a vehicle protection product, or a warranty administrator that complies with the act shall not be subject to any other provisions of the state insurance code. The act allows small loan companies and title loan companies to sell service contracts that are regulated under chapter 385. The proposed act would apply to all warranted products sold or offered for sale on or after January 1, 2009. The failure of any person to comply with the Act before its effective date would not be admissible in any court proceeding, administrative proceeding, arbitration, or alternative dispute resolution proceeding and may not be used to prove that the action [...]

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SB 877 - This act establishes the Missouri Catastrophe Fund to help pay covered residential property damage insurance claims in the aftermath of an earthquake which affects Missouri homeowners and their property/casualty insurers. The fund, which will consist of premiums paid by insurers, bond revenues, and appropriated state funds, will provide a backstop for insurance companies to insure against covered catastrophic losses to avoid the collapse of the property insurance market in the wake of a major earthquake.REIMBURSEMENT PREMIUMS - Reimbursement premiums for the backstop coverage shall be set by the Director of the Department of Insurance, Financial Institutions and Professional Regulation, who shall select an independent consultant to develop a formula for determining the actuarially indicated premium. The director will calculate premiums based upon the insured values under the insurer's covered policies, as reported annually to the director. In order to provide startup moneys [...]

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SB 773 - This act provides that no applicant shall be enrolled in a Medicare Advantage plan until two business days have passed since the initial personal solicitation and the applicant has signed a disclosure form. Personal solicitation includes either an on-site presentation at a facility or a home meeting with an insurance agent. The disclosure shall be signed and dated by both the applicant and the agent on the day of the initial personal solicitation and shall include: -A statement that Medicare Advantage plans are not Medigap supplement plans; -A statement advising the applicant to confirm with his or her health care providers whether or not the provider has contracted with the Medicare Advantage plan to provide medical services; and -A statement advising the applicant to contact either a trusted family member, friend or the state health insurance assistance program, known as CLAIM. The director of the Department of Insurance, Financial Institutions and Professional Registration [...]

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SB 775 - Under this act, an insurer shall inform a vehicle owner immediately on first contact that they have the right to choose the repair facility of their choice to repair their vehicle. The insurer shall halt any efforts to re-direct, refer or otherwise influence the vehicle owner in the choice of repair facility or program other than the repair facility chosen by the vehicle owner once the vehicle owner has stated they have chosen a repair facility. The act provides that all claims paid by an insurer for motor vehicle damages shall be paid to the claimant by check, electronic transfer of funds or other means that provides the claimant or repair facility immediate access to the funds. Labor rates for motor vehicle damage repairs that are paid by insurers to claimants shall be based on the usual and customary repair rates. A violation of this act by an insurer shall constitute an unfair trade practice. Under the act, insurers or appraisers shall not require that repairs be [...]

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SCS/SB 783 - This act creates the Interstate Insurance Product Regulation Compact. The act provides for the promotion and protection of the interests of consumers of individual and group annuity, life insurance, disability income, and long-term care insurance products. The act creates the Interstate Insurance Product Regulation Commission to develop uniform standards for insurance products covered under the Compact, to establish a central clearing house to receive and provide prompt review of insurance products covered under the Compact, to provide appropriate regulatory approval, and to improve coordination of regulatory resources and expertise between state insurance departments. The Interstate Product Regulation Compact establishes a mechanism for developing uniform national product standards for life insurance, annuities, disability income insurance, and long-term care insurance products. It also creates a single point to file products for regulatory review and, if necessary, approval.[...]

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SCS/SB 788 - This act moves the Divisions of Finance, Credit Unions and Professional Registration, and the State Banking Board, to the Department of Insurance, Financial Institutions and Professional Registration (DIFP) by type III transfer in keeping with Executive Order 06-04. The act further renames the Department of Insurance to the DIFP, and directs the Revisor of Statutes to change all statutory references to the department to DIFP. The act also removes all references of the divisions of finance, credit unions and professional registration as being "within the Department of Economic Development" and instead states that such divisions are within the DIFP. The act moves sections regarding the division of professional registration from Chapter 620 (Department of Economic Development) to Chapter 324 (Occupations and Professions General Provisions), and changes references in those sections to accurately reflect the statutory modifications. The act further defines "department" and "director" [...]

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SCS/SB 865 - Under this act, no life insurance company shall deny or refuse to accept an application for life insurance, refuse to renew, cancel, restrict, or otherwise terminate a policy of life insurance, or charge a different rate for the same life insurance coverage, based upon the applicant’s or insured’s past or future lawful travel destinations. Nothing in this section shall prohibit a life insurance company from denying an application for life insurance, or charging a different premium or rate for such coverage under such policy based on a specific travel destination where the denial or rate differential is based upon sound actuarial principles or is related to actual or reasonably anticipated experience. Under the act, a violation constitutes an unfair trade practice. The act provides that it shall apply to life insurance policies issued or renewed on or after August 28, 2008. This act also creates an itemized income tax deduction for life insurance premium payments made [...]

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SB 868 - This act makes it an unfair practice for an insurance company not to follow all components of a repair manual when appraising a damaged vehicle. Specifically, it is an unfair trade practice for an automobile insurance company to: 1) Modify any published manual or any automated appraisal system relating to auto body repair without prior agreement between the parties; 2) Fail to use a manual or automatic appraisal system in its entirety in the appraisal of a motor vehicle; or (3) Refuse to compensate an auto body shop for documented charges as identified through industry recognized software programs or systems for paint and refinishing materials in auto body repair claims. The provisions of this act shall not apply if the insurer and auto body repair facility have contracted under a direct repair program. If an insured or claimant elects to have his or her vehicle repaired at an auto body repair shop or his or her choice, the insurer shall not limit or discount the repair [...]

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