Loading chat...
MO HB141
Bill
Status
1/10/2013
Primary Sponsor
Marsha Haefner
Click for details
AI Summary
-
Health insurance issuers reporting direct written premiums of $1 million or more for health insurance coverage in Missouri must pay an annual assessment of 0.0092% of such sales.
-
The assessment amount shall be adjusted annually for inflation using the St. Louis or Kansas City Consumer Price Index, with the Department of Insurance, Financial Institutions and Professional Registration calculating and publishing the adjusted value by January 1st each year.
-
The Department of Insurance shall issue invoices to health insurance issuers on June 1st annually with payment due July 1st to the Department of Revenue, which then distributes collected funds to the Missouri Poison Center by August 1st or when funds are fully received.
-
Assessments are exempt from premium taxes and retaliatory taxes, and failure to remit payment constitutes a level two violation under state law.
-
The Director of Insurance shall promulgate rules to implement this section in accordance with state rulemaking procedures and requirements.
Legislative Description
Requires health insurance issuers to pay an annual assessment which is to be placed in the Missouri Poison Center Funding Pool to support the Missouri Poison Center
Last Action
Public Hearing Completed (H)
2/12/2013