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MO HB2098

Bill

Official Source

Status

Introduced

2/10/2010

Primary Sponsor

Jason Brown

Click for details

Origin

House of Representatives

2010 Regular Session

AI Summary

  • Repeals and reenacts section 537.620, RSMo, relating to local government insurance pools formed by political subdivisions
  • Allows three or more political subdivisions to form a business entity to provide liability and other insurance coverage on an assessment plan basis
  • Permits public governmental bodies, quasi-public governmental bodies, and political subdivisions from Missouri or other states to join the entity and use public funds for assessments
  • Specifies that risk coverages procured through such entities are not subject to competitive bidding requirements that normally apply to public fund expenditures
  • Exempts these business entities from being classified as insurance companies or insurers, subjecting them only to director of insurance regulation under specified statutes

Legislative Description

Specifies that risk coverages procured by a member of an entity will not be deemed to constitute a contract, purchase, or expenditure of public funds for which competitive bids must be solicited

Last Action

Public Hearing Completed (H)

3/3/2010

Committee Referrals

Local Government2/17/2010

Full Bill Text

No bill text available