MO HB1036

Repeals and replaces section 287.975, RSMo, regarding pure premium rates and advisory organization filing requirements

Requires advisory organizations to file pure premium rates, rating manuals, schedules, and any changes with the director no more than thirty days after distribution to members

Directs advisory organizations to collect two-year payroll differential data on construction group employers (starting January 1, 1994) and submit to the Department of Insurance, Financial Institutions and Professional Registration

Requires the department to compile construction payroll data and develop a formula within three years to equalize premium rates for construction group employers based on payroll differentials

Allows construction group employers to submit payroll records for any quarter (first, second, third, or fourth) of the year prior to their workers' compensation policy beginning or renewal date for premium credit calculation under the Missouri contracting classification premium adjustment program