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Section 379.1338 Standards for risk management of controlled unaffiliated business.

MO Rev Stat § 379.1338 (2019) (N/A)
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Effective 28 Aug 2007

379.1338. Standards for risk management of controlled unaffiliated business. — The director may promulgate rules under section 374.045 establishing standards to ensure that a parent or affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the pure captive insurance company; provided, however, that, until such time as rules under this section are adopted, the director may approve the coverage of such risks by a pure captive insurance company.

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(L. 2007 S.B. 215)

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