374.217. 1. The director or any other employee of the department of insurance shall not enter into any covenant not to sue or any agreement to defer, refrain or desist from instituting or asserting against any officer or director of any insurer or any other person or entity regulated by the department of insurance, any claim, demand, action or suit, either administrative or judicial, for injuries, damages or penalties to the state or any person or property.
2. Any covenant or agreement entered into in derogation of subsection 1 of this section, either before or after August 28, 1991, shall be deemed to be in violation of the public policy of this state that the general assembly shall by law provide adequate regulation of insurers in order to protect citizens of this state; and that the department of insurance shall carry out and enforce such regulation. The courts of this state shall not enforce or give effect to any such covenant or agreement.
(L. 1991 H.B. 385, et al. § 109)
Missouri General Assembly