HB 531 -- Life Insurance

Sponsor:  Yates

This bill prohibits life insurance companies from denying or
refusing to accept an application for life insurance; refusing to
renew, cancelling, restricting, or terminating a life insurance
policy; or charging a different rate for life insurance based on
the applicant's past or future lawful travel destinations unless
it is based on sound actuarial principles or an anticipated
experience.  A violation of these provisions will be considered
an unfair trade practice and subject to penalties specified in
Sections 375.930 - 375.948, RSMo.  The provisions of the bill
apply to any life insurance policy issued or renewed on or after
August 28, 2009.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:25 am