PURPOSE: This rule implements and administers sections 375.147-375.153, RSMo, with regard to more clearly defining the requirement that an insurer ‘Shall periodically conduct an on-site reuiew" of its managing general agents under section 375.150(3), RSMo.

The requirement in section 375X50(3), RSMo that “the insurer shall periodically conduct an on-site review of the underwriting and claims -_ processing operations of the managinggeneral agent” will be deemed satisfied only if that review is conducted at least semiannually. Auth: sections 374.045, RSMo (1986) and 375.153, RSMo (Cum. Supp. 1990).*0riginal rule filed Nou. 3, 1992, effe&e May 6,1993. *Original authority: 374.045, RSMo 119671 and 375.153, RSMo (1990).

Judith K. Moriarty