Commission Alternatives - Fees and Requirements

Charge fee in addition to or in lieu of collecting commissions?
Specific Disclosures or written agreements required to charge fees to a client?
Admin fees for insurance placement?
Charges for services unrelated to the placement of insurance?
Additional licensing required?
Insurance producers may charge fees for negotiation, procurement and services in connection with a contract of insurance, in addition to receiving a commission for insurance placement, provided such compensation is contemplated in the premium/charge for insurance filed with and approved by the commissioner and/or included in the policy.  Mo. Rev. Stat. § 375.116 
Yes.  A producer may charge a fee only under the terms of a separate written agreement, signed by the client, specifying the services to be provided and the fee to be charged.  The agreement must state that the client is under no obligation to purchase any insurance product through the insurance agent, broker or consultant.  Mo. Rev. Stat. § 375.116; Mo. Rev. Stat. § 375.936 
Yes, see fees in lieu of commissions

Stop-Loss Information

Employer Size
Specific Stop Loss Restrictions
Aggregate Stop Loss Restrictions
Guaranteed Issue of Stop-Loss Policies
Other notes
Bulletin 07-01
All employers
Reserves right to require actuarial analysis if stop-loss policies are issued to employers when:
max specific deductible less than $20,000 and/or the minimum aggregate attachment point less than 120% of expected, and...
group has 50 or fewer covered employees and attachment point is the greater of $4,000 times the number of covered employees, 120% of expected claims, or $20,000.

Department may also require insurer issuing stop-loss policy to provide the following:

If the insurer intend to obtain reinsurance for this plan.

A summary of the intended market and marketing plan.

Maximum and minimum risk retention levels the company will accept per contract

Malpractice Damage Cap

Damage Cap Amount

State Code

$450,098 increased to $787,671 for cases of catastrophic personal injury or wrongful death (found constitutional in 2021 in Velazquez v. University Physician Associates).