376.968. Administration of pool by insurer or insurers by competitive bids — insurer's qualifications — board to establish criteria for bid content.
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376.968. Administration of pool by insurer or insurers by competitive bids — insurer's qualifications — board to establish criteria for bid content. — The board shall select an insurer, insurers, or third-party administrators through a competitive bidding process to administer the pool. The board shall evaluate bids submitted based on criteria established by the board which shall include:
(1)The insurer's proven ability to handle individual accident and health insurance;
(2)The efficiency of the insurer's claim-paying procedures;
(3)An estimate of total charges for administering the plan;
(4)The insurer's ability to administer the pool in a cost-efficient manner.
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(L. 1990 H.B. 998 § 4 subsec. 1, A.L. 2013 S.B. 262)