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Board Rules - Chapter 6 Long-Term
Disability Insurance
6-1 Procurement by Contract
6-2 Procurement Procedures
6-1 Procurement by Contract
Under the authority granted by sections 104.518 and 104.1075, RSMo,
the board has elected to procure long-term disability coverage by contract
through a group policy issued by an insurance company licensed in the
state of Missouri.
6-2 Procurement Procedures
The following information shall be provided at applicable intervals,
referenced below, to the Board at a Board meeting held during the second
quarter of each year:
(A) The Insurance/Risk Manager Consultant shall advise the board of
the conditions of the long-term disability insurance marketplace and
whether or not rates have changed significantly.
(B) The Deputy Executive Director Chief Operations Officer shall regularly
survey members regarding general long-term disability insurance service
issues and report the results of that survey to the Board.
(C) Beginning in 2003, the Insurance/Risk Manager Consultant and MOSERS'
staff shall conduct periodic due diligence meetings with the long-term
disability insurance provider at least every three years in order to
analyze plan design, customer service, and rate issues. The Consultant
and MOSERS' staff will summarize the findings of these meetings in a
report to the Board.
(D) The Executive Director may recommend to the Board changes to the
longterm disability insurance contract or the issuance of a request
for proposal from additional insurers:
- based on the information provided to the Board under this rule,
or
- whenever the Executive Director determines it is appropriate to
do so.
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