Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 376.894. Amount of premium, date of payment--termination of right of continuation of coverage, grounds

(1) During the period of time covered by the federal Consolidated Omnibus Budget Reconciliation Act (COBRA),  1 the monthly contribution for the premium shall not be greater than the amount that would be charged if the legally separated, divorced or surviving spouse were a current certificate holder of the group contract, policy or plan plus the amount that the group policyholder would contribute toward the premium if the legally separated, divorced or surviving spouse were a certificate holder of the group plan, plus an additional amount not to exceed two percent of the certificate holder and group plan holder contributions, for the cost of administration. Once the period of time covered by the insurance premium provisions of the federal Consolidated Omnibus Budget Reconciliation Act (COBRA) has expired, the monthly contribution for the premium shall not be greater than the amount that would have been charged if the legally separated, divorced or surviving spouse were a current certificate holder of the group contract, policy or plan plus the amount that the group policyholder would contribute toward the premium if the legally separated, divorced or surviving spouse were a certificate holder plus an amount not to exceed twenty-five percent of the certificate holder and group plan holder contributions. Such additional contributions shall be determined by each individual plan administrator and shall be subject to review by the Missouri department of commerce and insurance;

(2) The first premium shall be paid by the legally separated, divorced or surviving spouse within forty-five days of the date of the election;

(3) The right to continuation of coverage shall terminate upon the earliest of any of the following: