Bill to Tighten Rules on Large-Deductible Comp Policies

A bill awaiting a final vote in the Missouri state Senate would require claims against large-deductible workers' compensation policies issued by insolvent carriers to be turned over the state Guaranty Association and prohibit employers from using the insolvency as a defense against the payment of their deductibles. House Bill 1763 by Noel J. Shull, R-Northland, clarifies that the guaranty associations are entitled to reimbursement from the employer for deductible amounts when the insolvent insurer would have been entitled to reimbursement. The bill provides that insolvency of the insu...