2019 Missouri Revised Statutes
Title XXIV - Business and Financial Institutions
Chapter 376 - Life, Health and Accident Insurance
Section 376.1040 Plan not to be offered to public — marketing restrictions — exemption — use of brokers authorized.
Effective 28 Aug 2019
376.1040. Plan not to be offered to public — marketing restrictions — exemption — use of brokers authorized. — 1. No multiple employer self-insured health plan shall be offered or advertised to the public. No plan shall be sold, solicited, or marketed by persons or entities defined in section 375.012 or sections 376.1075 to 376.1095. Multiple employer self-insured health plans with a certificate of authority approved by the director under section 376.1002 shall be exempt from the restrictions set forth in this section.
2. A health carrier acting as an administrator for a multiple employer self-insured health plan shall permit any willing licensed broker to quote, sell, solicit, or market such plan to the extent permitted by this section; provided that such broker is appointed and in good standing with the health carrier and completes all required training.
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(L. 1993 H.B. 709 § 38, A.L. 2019 S.B. 514)
