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