Plan to establish loss reserves - plan to establish surplus account, amount.
Mo. Rev. Stat. § 376.1017
in effect376.1017. Plan to establish loss reserves — plan to establish surplus account, amount. — 1. A plan shall establish loss reserves for all incurred losses, both reported and unreported, and for unearned premiums.
2. A plan also shall establish a surplus account equal to the greater of the following:
(1) Three times the average paid monthly premium during the plan's most recent fund year;
(2) For plans which do not yet have one fund year's experience, three times estimated monthly premium; or
(3) Six hundred thousand dollars.
(L. 1993 H.B. 709 § 29)
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://revisor.mo.gov/main/OneSection.aspx?section=376.1017Fetched: 10/17/2026