Missouri § 376.1087 - Commissions not to be contingent on savings in payment of claims — may be based on premiums collected.
Full text of Missouri Revised Statutes of Missouri § 376.1087 — Commissions not to be contingent on savings in payment of claims — may be based on premiums collected., with citation guidance and answers to common questions.
§ 376.1087. Commissions not to be contingent on savings in payment of claims — may be based on premiums collected.
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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(L. 1993 H.B. 709 § 48)
---- end of effective 28 Aug 1993 ----
Source: official Missouri text · Last verified 2026-08-27
Frequently Asked Questions About Missouri § 376.1087
What does Revised Statutes of Missouri § 376.1087 cover?
Section 376.1087 ("Commissions not to be contingent on savings in payment of claims — may be based on premiums collected.") 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 § 376.1087?
A common citation format is "Revised Statutes of Missouri § 376.1087" (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 § 376.1087 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.