Missouri § 376.1087 Commissions not to be contingent on savings in payment of claims — may be based on premiums collected.

Missouri Statutes

§ 376.1087 — Commissions not to be contingent on savings in payment of claims — may be based on premiums collected.

Missouri § 376.1087

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 376Life, Health and Accident Insurance

This text of Missouri § 376.1087 (Commissions not to be contingent on savings in payment of claims — may be based on premiums collected.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 376.1087 (2026).

Text

1.An administrator shall not enter into any agreement or understanding with an insurer in which the effect is to make the amount of the administrator's commissions, fees or charges contingent upon savings effected in the adjustment, settlement and payment of losses covered by the insurer's obligations. This provision shall not prohibit an administrator from receiving performance based compensation for providing hospital or other auditing services.

2.This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or the number of claims paid or processed.

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1. An administrator shall not enter into any agreement or understanding with an insurer in which the effect is to make the amount of the administrator's commissions, fees or charges contingent upon savings effected in the adjustment, settlement and payment of losses covered by the insurer's obligations. This provision shall not prohibit an administrator from receiving performance based compensation for providing hospital or other auditing services.

2. This section shall not prevent the compensation of an administrator from being based on premiums or charges collected or the number of claims paid or processed.