SS SCS HCS HB 1764 -- INSURANCE

This bill prohibits any person, employer, or health care provider
from being compelled to participate in any health care system.
Individuals and employers may pay directly for lawful health care
services without being required to pay a penalty or fine, and
health care providers can accept payment for health care services
from individuals or employers without being subject to fines or
penalties.  The purchase or sale of health insurance in private
health care systems cannot be prohibited by law or rule.

A domestic insurer organized as a stock insurance company is
allowed to voluntarily dissolve and liquidate as a corporation if
the Director of the Department of Insurance, Financial
Institutions and Professional Registration approves the articles
of dissolution prior to filing the articles with the Secretary of
State and the insurer files a copy of the department director's
approval along with the articles of dissolution with the
Secretary of State.

In determining whether to approve a dissolution, the department
director must consider, among other factors, whether the
insurer's annual financial statements show no written insurance
premiums for five years, the insurer has demonstrated that all
policyholder claims have been satisfied or transferred to another
insurer, and an examination pursuant to Sections 374.202 -
374.207, RSMo, has been completed within the last five years.

The bill contains a referendum clause and will be submitted to
qualified voters on August 3, 2010.

Missouri House of Representatives
95th General Assembly, 2nd Regular Session
Last Updated September 14, 2010 at 3:11 pm