376.695. Extension of policy to insure for loss due to death of spouse or dependent children, requirements, limitations. - Missouri Statutes

Extension of policy to insure for loss due to death of spouse ordependent children, requirements, limitations.

376.695. Except for a policy issued under subdivision (2) ofsection 376.691, a group life insurance policy may be extended toinsure the employees or members against loss due to the death oftheir spouses and dependent children, or any class or classes ofsuch spouses or dependent children, subject to the followingprovisions:

(1) The premium for the insurance shall be paid either fromfunds contributed by the employer, union, association, or otherperson to whom the policy has been issued, or from fundscontributed by the covered persons, or from both. Except asprovided in subdivision (2) of this section, a policy on which nopart of the premium for the spouse's and dependent child'scoverage is to be derived from funds contributed by the coveredpersons must insure all eligible employees or members withrespect to their spouses and dependent children, or any class orclasses of such employees or members, except those who rejectsuch coverage in writing;

(2) An insurer may exclude or limit the coverage on anyspouse or dependent child as to whom evidence of individualinsurability is not satisfactory to the insurer.

(L. 1982 H.B. 1546 § 3, A.L. 1985 H.B. 623)