MO HB2412

Missouri residents gain the right to purchase health insurance from insurers licensed in Illinois, Arkansas, Kansas, Nebraska, Kentucky, Oklahoma, Tennessee, or Iowa, regardless of whether those insurers are licensed in Missouri.

Foreign insurers from the specified states are exempt from obtaining a Missouri license if they comply with their domiciliary state requirements, are authorized to issue plans in their home state, and maintain a dispute resolution process for Missouri residents.

Health insurance policies sold by qualifying foreign insurers are exempt from Missouri's insurance regulations in chapters 375 and 376, except the director retains authority to enforce the contractual benefits of such policies.

The Department of Insurance, Financial Institutions and Professional Registration must publish a notice on its website explaining Missouri residents' right to purchase health insurance from foreign insurers and may provide additional helpful information about such purchases.