PURPOSE: This rule effectuates or aids in the interpretation of sections 375.560 and 375.881, RSMo, and in the administration of sections 354.080 and 354.355, RSMo.

1. (1) Each insurance company shall make and file statements of its assets, liabilities, capital and surplus, income and expenses, including all schedules and exhibits used in connection with such statements, which statements the director may use to determine whether the capital stock or guarantee fund of an insurance company is impaired under section 375.560.1(1), RSMo, whether an insurance company is insolvent under section 375.560.1(2) or 375.881.1(1), RSMo, whether an insurance company is in a financial condition that its further transaction of business would be hazardous under section 375.560.1(5) or 375.881.1(3), RSMo and whether an insurance company fails to comply with the requirements for admission under section 375.881.1(2), RSMo according to the applicable accounting guidance, standards, and principles approved by the National Association of Insurance Commissioners (NAIC), published in the Accounting Practice and Procedures Manual, Annual Statement Instructions, Valuation of Securities and Examiner’s Handbook, except where the applicable provisions of Chapters 374–385, RSMo or other specific rules expressly provide otherwise.
2. (2) Each health services corporation shall make and file statements of its assets, liabilities, capital and surplus, income and expenses, including all schedules and exhibits used in connection with such statements, which statements the director may use to determine whether a health services corporation is maintaining the reserves required by section 354.080, RSMo and whether a health services corporation is in a condition that its further transaction of business will be hazardous under section 354.355(3), RSMo according to the applicable accounting standards or principles approved by the NAIC, or both, as published in the Accounting Practices and Procedures Manual, Annual Statement Instructions, Valuation of Securities and Examiner’s Handbook, except where the applicable provisions of sections 354.010–354.380, RSMo or other specific rules expressly provide otherwise.

AUTHORITY: sections 354.120, 354.485, and 374.045, RSMo 2000.* This rule was previously filed as 4 CSR 190-11.230. Original rule filed Feb. 3, 1989, effective May 1, 1989. Amended: Filed Aug. 25, 1989, effective Jan. 1, 1990. Amended: Filed Dec. 14, 2000, effective July 30, 2001. *Original authority: 354.120, RSMo 1973, amended 1983, 1995; 354.485, RSMo 1983; and 374.045, RSMo 1967, amended 1993, 1995.