2005 Missouri Revised Statutes - § 537.620. — Political subdivisions may jointly create entity to provide insurance.

537.620. Notwithstanding any direct or implied prohibitions in chapter 375, RSMo, 377, RSMo, or 379, RSMo, any three or more political subdivisions of this state may form a business entity for the purpose of providing liability and all other insurance, including insurance for elderly or low-income housing in which the political subdivision has an insurable interest, for any of the subdivisions upon the assessment plan as provided in sections 537.600 to 537.650. Any political subdivision may join this entity and use public funds to pay any necessary assessments.

(L. 1978 H.B. 1650 § 3, A.L. 1988 S.B. 532, A.L. 1999 S.B. 28)