PURPOSE: This rule regulates the internal affairs of the Department of Insurance regarding conflict of interest.

1. (1) All Department of Insurance employees are to perform their assigned duties in a man- 20 CSR 10-3

ner which precludes any potential for a conflict of interest or the appearance of a conflict of interest. In this regard, Department of Insurance employees may not engage in any job-related activity which involves—

1. (A) Use of state time, facilities, equipment or supplies for private gain or advantage;
2. (B) Use of any employee identification card or the prestige and influence of the employee’s position for private gain or advantage; or
3. (C) Acceptance of money or any other valuable consideration for the performance of an act which the employee should be expected to render during the regular course of employment or as part of his/her normal duties as a state employee.

1. (2) In addition, no person employed by the Department of Insurance in any capacity shall—

   1. (A) Be or become an officer, agent or employee of any insurance company or association or any other entity regulated by the Department of Insurance;
   2. (B) Be or become interested in any insurance company or any other entity regulated by the Department of Insurance, other than as a policyholder; or
   3. (C) Hold an active license issued by the Department of Insurance during his/her period of employment.

2. (3) All Department of Insurance employees, at the time of appointment and annually after that during the month of July, shall sign a disclosure statement which requires them to notify their supervisor if any of the following statements apply:

   1. (A) The employee has been previously employed by an insurance company or any other entity subject to regulation by the Department of Insurance;
   2. (B) The employee has a relative, within the second degree, by blood, marriage or adoption, who is employed by or has an interest in any company or any other entity subject to regulation by the Department of Insurance;
   3. (C) The employee or the relative has or had personal or financial interest in any company or any other entity subject to regulations by the Department of Insurance; or
   4. (D) The employee has a close friendship or association with an employee serving in a policy-making capacity with any company or other entity subject to regulation by the Department of Insurance.

AUTHORITY: section 374.045.1(1), RSMo (1986). Original rule filed Jan. 8, 1992, effective May 14, 1992.