287.902. Missouri employers mutual insurance company, created, powers, purpose. - Missouri Statutes

Missouri employers mutual insurance company, created, powers, purpose.

287.902. The "Missouri Employers Mutual Insurance Company" is created asan independent public corporation for the purpose of insuring Missouriemployers against liability for workers' compensation, occupational diseaseand employers' liability coverage. The company shall be organized andoperated as a domestic mutual insurance company and it shall not be a stateagency. The company shall have the powers granted a general not-for-profitcorporation pursuant to section 355.090, RSMo, to the extent the provisions ofsuch section do not conflict with the provisions of sections 287.900 to287.920. The company shall be a member of the Missouri property and casualtyguaranty association, sections 375.771 to 375.779, RSMo, and as such will besubject to assessments therefrom, and the members of such association shallbear responsibility in the event of the insolvency of the company. Thecompany shall be established pursuant to the provisions of sections 287.900 to287.920. Preference shall be given to Missouri employers that develop anannual premium of not greater than ten thousand dollars. The company shalluse flexibility and experimentation in the development of types of policiesand coverages offered to employers, subject to the approval of the director ofthe department of insurance, financial institutions and professionalregistration.

(L. 1993 S.B. 251 § 2)