HCS#2 HB 1703 -- INSURANCE POOLING

SPONSOR:  Yates

COMMITTEE ACTION:  Voted "do pass by consent" by the Committee on
Insurance Policy by a vote of 14 to 0.

This substitute specifies that three or more political
subdivisions forming a business entity for the purpose of
providing liability and other insurance are not to be considered
an insurance company or insurer.

FISCAL NOTE:  No impact on state funds in FY 2007, FY 2008, and
FY 2009.

PROPONENTS:  Supporters say that the bill will clear up any
ambiguity and allow MARCIT to operate its health and dental pool
with Kansas State political subdivisions.  Being located in the
Kansas City area, MARCIT needs to be able to go across state
lines to help expand its business and make the pool stronger and
more viable.  The bill will give it more flexibility to control
the self-insuring governmental pool.

Testifying for the bill were Representative Yates; and MARCIT.

OPPONENTS:  There was no opposition voiced to the committee.

OTHERS:  Others testifying on the bill say that excluding these
entities from Missouri's insurance laws may overstep the
boundaries.

Others testifying on the bill was Department of Insurance.

Marc Webb, Legislative Analyst

Missouri House of Representatives
93rd General Assembly, 2nd Regular Session
Last Updated November 29, 2006 at 9:44 am