Mo. Code Regs. Ann. tit. 20, § 100-1.200
Claims Practices When Retrospective Premiums Paid
Effective Jul 30, 2008section 374.045, RSMo 2000 and section 375.445, RSMo Supp. 2007.* This rule was previously filed as 4 CSR 190- 10.055. Original rule filed Aug. 5, 1974, effective Aug. 15, 1974. Amended: Filed July 12, 2002, effective Jan. 30, 2003. Amended: Filed Nov. 1, 2007, effective July 30, 2008. *Original authority: 374.045, RSMo 1967, amended 1993, 1995 and 375.445, RSMo 1967, amended 2007Insurer Conduct
PURPOSE: This regulation prohibits policyholders from settling their own losses, pursuant to the provisions of section 374.045, RSMo and implements section 375.445, RSMo.
- (1) No insurer, insurance producer or representative shall permit or allow a policyholder, whether corporate or individual, to engage in the settlement of third-party liability claims against that policyholder’s liability coverage on behalf of the insurer when premiums payable for third-party liability coverage are calculated or are to be modified on the basis of third-party liability losses, loss payments or settlement expenses.
AUTHORITY: section 374.045, RSMo 2000 and section 375.445, RSMo Supp. 2007.* This rule was previously filed as 4 CSR 190- 10.055. Original rule filed Aug. 5, 1974, effective Aug. 15, 1974. Amended: Filed July 12, 2002, effective Jan. 30, 2003. Amended: Filed Nov. 1, 2007, effective July 30, 2008. *Original authority: 374.045, RSMo 1967, amended 1993, 1995 and 375.445, RSMo 1967, amended 2007.