375.1500. Sections 375.1500 to 375.1527 apply to life insurance policies, exceptions.
97 words·~1 min read·
/mo/chapter-375/375-1500A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
375.1500. Sections 375.1500 to 375.1527 apply to life insurance policies, exceptions. — Sections 375.1500 to 375.1527 apply to all group and individual 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 million dollars in annual direct written life insurance premiums;
(5)Life insurance policies with no illustrated death benefits on any individual exceeding ten thousand dollars;
(6)Life insurance policies containing guaranteed elements exclusively; or
(7)Single premium policies.
--------
(L. 1998 S.B. 722 § 6)