HB 962 -- Insurance Producers and Brokers

Sponsor:  Molendorp

This bill changes the laws regarding insurance producers and
brokers.  In its main provisions, the bill:

(1)  Adds entities that provide educational courses to producers
to the list of programs which meet the standards for continuing
educational requirements;

(2)  Changes the term "broker" to "producer" in Sections 382.400-
382.409, RSMo;

(3)  Changes surplus lines license renewal requirements from
annually with a $50 fee to biennial with a $100 fee;

(4)  Requires surplus lines brokers to report quarterly to the
Director of the Department of Insurance, Financial Institutions
and Professional Registration the gross amounts charged for
surplus lines insurance and the amount of net premiums;

(5)  Requires the Department of Revenue to notify the Director of
the Department of Insurance, Financial Institutions and
Professional Registration the amount of premium taxes collected
from each surplus lines licensee;

(6)  Repeals the provisions requiring the Department of
Insurance, Financial Institution and Professional Registration to
annually report to the appropriate committees of the General
Assembly on enforcement actions relating to health maintenance
organizations, utilization review agents, and managed care health
benefit plans; and

(7)  Repeals the provisions regarding the reporting requirements
for surplus lines insurance brokers and licensees.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am