Missouri Revised Statutes













Chapter 287

Workers' Compensation Law

←287.905

Section 287.907.1

287.909→

August 28, 2015

Administrator, hiring of, qualifications, compensation--powers of board, generally.

287.907. 1. By March 1, 1994, the board shall hire an administrator who

shall serve at the pleasure of the board and the company shall be fully

prepared to be operational by March 1, 1995, and assume its responsibilities

pursuant to sections 287.900 to 287.920. The administrator shall receive

compensation as established by the board and must have proven successful

experience as an executive at the general management level in the insurance

business.



2. The board is vested with full power, authority and jurisdiction over

the company. The board may perform all acts necessary or convenient in the

administration of the company or in connection with the insurance business to

be carried on by the company. In this regard, the board is empowered to

function in all aspects as a governing body of a private insurance carrier.



(L. 1993 S.B. 251 § 4)







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