376.961. Missouri health insurance pool created--members to be all health insurers in state--board of directors, members, terms, qualifications.
Missouri health insurance pool created--members to be all healthinsurers in state--board of directors, members, terms,qualifications.
376.961. 1. There is hereby created a nonprofit entity to be knownas the "Missouri Health Insurance Pool". All insurers issuing healthinsurance in this state and insurance arrangements providing health planbenefits in this state shall be members of the pool.
2. Beginning January 1, 2007, the board of directors shall consist ofthe director of the department of insurance, financial institutions andprofessional registration or the director's designee, and eight membersappointed by the director. Of the initial eight members appointed, threeshall serve a three-year term, three shall serve a two-year term, and twoshall serve a one-year term. All subsequent appointments to the boardshall be for three-year terms. Members of the board shall have abackground and experience in health insurance plans or health maintenanceorganization plans, in health care finance, or as a health care provider ora member of the general public; except that, the director shall not berequired to appoint members from each of the categories listed. Thedirector may reappoint members of the board. The director shall fillvacancies on the board in the same manner as appointments are made at theexpiration of a member's term and may remove any member of the board forneglect of duty, misfeasance, malfeasance, or nonfeasance in office.
3. Beginning August 28, 2007, the board of directors shall consist offourteen members. The board shall consist of the director and the eightmembers described in subsection 2 of this section and shall consist of thefollowing additional five members:
(1) One member from a hospital located in Missouri, appointed by thegovernor, with the advice and consent of the senate;
(2) Two members of the senate, with one member from the majorityparty appointed by the president pro tem of the senate and one member ofthe minority party appointed by the president pro tem of the senate withthe concurrence of the minority floor leader of the senate; and
(3) Two members of the house of representatives, with one member fromthe majority party appointed by the speaker of the house of representativesand one member of the minority party appointed by the speaker of the houseof representatives with the concurrence of the minority floor leader of thehouse of representatives.
4. The members appointed under subsection 3 of this section shallserve in an ex officio capacity. The terms of the members of the board ofdirectors appointed under subsection 3 of this section shall expire onDecember 31, 2009. On such date, the membership of the board shall revertback to nine members as provided for in subsection 2 of this section.
(L. 1990 H.B. 998 § 2 subsecs. 1, 2, 3, A.L. 2006 S.B. 837, A.L. 2007 H.B. 818)