Missouri § 287.942 - Competitive market presumed to exist, when — reasonable degree of competition, factors.
Full text of Missouri Revised Statutes of Missouri § 287.942 — Competitive market presumed to exist, when — reasonable degree of competition, factors., with citation guidance and answers to common questions.
§ 287.942. Competitive market presumed to exist, when — reasonable degree of competition, factors.
1. A competitive market is presumed to exist unless the director, after hearing, determines that a reasonable degree of competition does not exist in the market and the director issues an order to that effect. Such an order shall expire no later than one year after issue. In determining whether a reasonable degree of competition exists, the director may consider relevant tests of workable competition pertaining to market structure, market performance and market conduct. For the purposes of this section, "market" shall mean the statewide workers' compensation and employers' liability lines of business.
2. In determining whether a reasonable degree of competition exists, the following factors shall be considered:
(1) Generally accepted and relevant tests of competition pertaining to market structure, market performance and market conduct;
(2) Market concentration as measured by the Herfindahl-Herschman Index;
(3) The number of insurers transacting workers' compensation insurance in the market;
(4) Insurer market shares and changes in market shares;
(5) Ease of entry into the market;
(6) Whether long-term profitability for insurers in the market is unreasonably high in relation to the risks being insured; and
(7) Whether long-term profitability for insurers in the market is reasonable in relation to industries of comparable business risk.
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(L. 1993 S.B. 251 § 22)
Effective 1-01-94
---- end of effective 01 Jan 1994 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 287.942
What does Revised Statutes of Missouri § 287.942 cover?
Section 287.942 ("Competitive market presumed to exist, when — reasonable degree of competition, factors.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 287.942?
A common citation format is "Revised Statutes of Missouri § 287.942" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 287.942 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.