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 400-1.110 - Alternative Mortality Tables for Minimum Nonforfeiture Standards
Current through Register Vol. 48, No. 18, September 15, 2023
PURPOSE: This rule permits individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women. No change in minimum valuation standards is implied by this rule.
PUBLISHER'S NOTE: The secretary of state has determined that the publication of the entire text of the material which is incorporated by reference as a portion of this rule would be unduly cumbersome or expensive. Therefore, the material which is so incorporated is on file with the agency who filed this rule, and with the Office of the Secretary of State. Any interested person may view this material at either agency's headquarters or the same will be made available at the Office of the Secretary of State at a cost not to exceed actual cost of copy reproduction. The entire text of the rule is printed here. This note refers only to the incorporated by reference material.
(2) For any policy of insurance on the life of either male or female insured, delivered or issued for delivery in this state on or after January 1, 1989 which is the operative date of section 376.670, RSMo-
(3) Unfair Discrimination. It shall not be a violation of section 375.930, RSMo that is to say, for an insurer to issue the same kind of policy of life insurance on both a sex distinct and sex neutral basis.
(4) Separability. If any provision of this rule or the application of this rule to any person or circumstance is for any reason held to be invalid, the remainder of the rule and the application of that provision to other persons or circumstances shall not be affected by it.
AUTHORITY: sections 374.045 and 376.380, RSMo 1986.* This rule was previously filed as 4 CSR 190-13.250. Original rule filed Oct. 15, 1984, effective April 11 , 1985. Amended: Filed Aug. 15, 1988, effective Nov. 25, 1988.
*Original authority: 374.045, RSMo 1967 and 376.380, RSMo 1939, amended 1943, 1947, 1959, 1961, 1965, 1971, 1975, 1979, 1982.