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Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 376.968. Administration of pool by insurer or insurers by competitive bids--insurer's qualifications--board to establish criteria for bid content

Current as of January 01, 2025 | Updated by Findlaw Staff

The board shall select an insurer, insurers, or third-party administrators through a competitive bidding process to administer the pool. The board shall evaluate bids submitted based on criteria established by the board which shall include:

(1) The insurer's proven ability to handle individual accident and health insurance;

(2) The efficiency of the insurer's claim-paying procedures;

(3) An estimate of total charges for administering the plan;

(4) The insurer's ability to administer the pool in a cost-efficient manner.

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Cite this article: FindLaw.com - Missouri Revised Statutes Title XXIV. Business and Financial Institutions § 376.968. Administration of pool by insurer or insurers by competitive bids--insurer's qualifications--board to establish criteria for bid content - last updated January 01, 2025 | https://codes.findlaw.com/mo/title-xxiv-business-and-financial-institutions/mo-rev-st-376-968/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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