Workers' CompensationView official source
RSMo 287.340effective 28 Aug 1939
Insurance companies must keep reserve
In plain English
Insurance companies that offer workers' compensation insurance must keep a certain amount of money set aside (called a reserve) to pay claims. The state insurance director has the power to decide how much money must be kept in reserve.
Word-for-word law
287.340. Insurance companies must keep . — No shall write any insurance against hereunder unless it maintains such as are required by law, or in the absence thereof such reserves as may be required by the , the power to require and regulate which is hereby in said .
(RSMo 1939 § 3718)
Prior revision: 1929 § 3328
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Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.