375.1500. Sections 375.1500 to 375.1527 apply to life insurance policies, exceptions. - Missouri Statutes

Sections 375.1500 to 375.1527 apply to life insurance policies,exceptions.

375.1500. Sections 375.1500 to 375.1527 apply to all group andindividual life insurance policies and certificates except:

(1) Variable life insurance;

(2) Individual and group annuity contracts;

(3) Credit life insurance;

(4) Policies written by a company with less than twenty-five milliondollars in annual direct written life insurance premiums;

(5) Life insurance policies with no illustrated death benefits on anyindividual exceeding ten thousand dollars;

(6) Life insurance policies containing guaranteed elementsexclusively; or

(7) Single premium policies.

(L. 1998 S.B. 722 § 6)