HB 693 -- Risk Management for Public Entities

Sponsor:  Yates

This bill changes the laws regarding risk management for public
entities.  The bill:

(1)  Requires competitive bidding for all public entities which
choose to participate in the Missouri Public Entity Risk
Management Fund;

(2)  Designates the board of trustees of the fund as a public
governmental body for the purposes of the Sunshine Law;

(3)  Requires all rates of participation for public entities to
be based on actuarial standards and provides separate
qualifications as it relates to earthquake coverage; and

(4)  Requires the board to file an annual report consistent with
the requirements of other insurance companies.

Missouri House of Representatives
93rd General Assembly, 1st Regular Session
Last Updated August 25, 2005 at 1:20 pm