SB 126 -- LIFE INSURANCE

SPONSOR:  Rupp (Yates)

COMMITTEE ACTION:  Voted "do pass" by the Committee on Insurance
Policy by a vote of 10 to 0.

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 the same life insurance
coverage based on the applicant's past or future lawful travel
destinations unless it is based on sound actuarial principles or
related to an actual or reasonably 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 will apply to any life
insurance policy issued or renewed on or after August 28, 2009.

FISCAL NOTE:  No impact on state funds in FY 2010, FY 2011, and
FY 2012.

PROPONENTS:  Supporters say that the bill will only affect people
who travel and will prevent insurers from arbitrarily making
decisions regarding life insurance coverage.

Testifying for the bill was Senator Rupp.

OPPONENTS:  There was no opposition voiced to the committee.

Missouri House of Representatives
95th General Assembly, 1st Regular Session
Last Updated November 17, 2009 at 9:26 am