SB 126 -- LIFE INSURANCE

This bill prohibits life insurance companies doing business
within the state 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 individual's past or future lawful travel destinations unless
it is based on a specific travel destination where the denial,
restriction, or rate differential is based on sound actuarial
principles or is related to an actual or reasonably anticipated
experience.  A violation of these provisions will be considered
an unfair trade practice and subject to the 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.

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