The director of commerce and insurance watches over how much competition exists in the workers' compensation insurance market in Missouri. To do this, the director looks at existing information and tools, helps create new ones, or uses both. This work can be done inside the department, with other state insurance departments, or through outside help.
287.945. to monitor degree of competition, purpose. — In determining whether or not a exists section 287.942, the director shall monitor the degree of competition in this state. In doing so, the director shall use existing relevant , analytical systems and other sources; or participate in the development of new relevant information, analytical systems and other sources; or rely on some combination thereof. Such activities may be conducted internally within the , in cooperation with other state insurance s, through outside contractors or in any other manner.
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Source & history notes
(L. 1993 S.B. 251 § 23) Effective 1-01-94
Related Missouri laws
Insurers to file rate information in competitive market with the director, purpose
RSMo 287.947
Competitive market presumed to exist, when
RSMo 287.942
Penalties for violations, director may impose
RSMo 287.940
Competitive market, rates not to be excessive, inadequate, unfairly discriminatory
RSMo 287.950
Rate standards in noncompetitive market, factors
RSMo 287.952
Director may conduct examinations
RSMo 287.937
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.