SB 817 Replaces Missouri's workers' compensation residual market plan with Missouri Employers Mutual Insurance Company
Sponsor: Scott Co-Sponsor(s)
LR Number: 4179S.01I Fiscal Note: 4179-01
Committee: Small Business, Insurance & Industrial Relations
Last Action: 5/12/2006 - S Informal Calendar S Bills for Perfection Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2006

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Current Bill Summary


SB 817 - This act modifies the Missouri's workers' compensation residual market mechanism. Residual markets are traditionally the market of last resort (akin to the Missouri High Risk Pool) and Missouri's residual market was established in 1993. This act removes the language authorizing the establishment of a residual market mechanism and requires the Missouri Employers Mutual Insurance Company to operate as the insurer for any Missouri employer that is in good faith entitled to but who is unable to procure workers' compensation insurance through ordinary methods.

STEPHEN WITTE