176.515. Workers' compensation liability, may be covered, separate account. - Missouri Statutes

Workers' compensation liability, may be covered, separate account.

176.515. Any association organized under the provisions ofsections 176.500 to 176.540 may include among the types of risksshared liability imposed by chapter 287, RSMo, relating toworkers' compensation liability. To the extent workers'compensation liability is covered, the association shall besubject to the requirements of chapter 287, RSMo, and shallmaintain a separate account therefor. Funds allocated to theworkers' compensation account shall not be used to pay claimsarising out of other types of risks undertaken by theassociation; provided, however, that nothing contained in thissection shall prevent the commingling of funds for the purposesof investment or the allocation of expenses between the workers'compensation account and other accounts of the association.

(L. 1986 H.B. 1387 § 4)