Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 376.1000. Multiple employer self-insured health plan, defined

1. As used in sections 376.1000 to 376.1045, a “multiple employer self-insured health plan” is any plan or arrangement which is not fully insured and which is either:

2. A plan or arrangement is considered fully insured only if an insurer licensed to transact business in this state retains the ultimate responsibility for all benefits payable by a contract or policy of insurance.