Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 400 - Life, Annuities and Health
Chapter 1 - Life Insurance and Annuity Standards
Section 20 CSR 400-1.080 - War Risk and Aviation Exclusion Clauses

Universal Citation: 20 MO Code of State Regs 400-1.080

Current through Register Vol. 49, No. 6, March 15, 2024

PURPOSE: This rule requires notice of any war risk or aviation exclusions in a life insurance policy, pursuant to the provisions of section 374.045, RSMo and to implement section 376.675, RSMo.

(1) Any policy of life insurance issued in this state containing any special war risk and aviation exclusion provisions, notwithstanding any prior approval, must have printed or stamped across its face, in type size no less prominent than the type size used to provide added emphasis in other areas of the policy, all the following statements:

(A) "READ YOUR POLICY CAREFULLY "

(B) "CERTAIN (WAR, AVIATION) RlSKS ARE NOT ASSUMED." (State which or both)

(C) "IN CASE OF ANY DOUBT WRITE YOUR COMPANY FOR FURTHER EXPLANATION."

(2) The wording of the stamp or printing must correspond with the nature of the exclusion, listing either war or aviation or both risks if contained in the policy.

*Original authority 374.045, RSMo 1967 and 376.675, RSMo 1963, amended 1984.

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