Missouri Statues, Rules and Regulations Pertinent to Life Only
Which of the following is NOT required on an application for a variable life insurance policy?
A statement explaining the use of separate accounts in variable insurance
All of the following information about a customer must be used in determining annuity suitability EXCEPT
Beneficiaries age
Which of the following provisions in universal life policies stipulates that a written notice of the termination of coverage must be sent to the policyowner?
Grace period and lapse
Which of the following provisions in group life policies prevents the insurer from denying a claim due to statements on the application after a certain period of time?
Incontestability
Which of the following documents must be provided to the policy owner or applicant during policy replacement?
Notice Regarding Replacement
During replacement of life insurance, a replacing insurer must do which of the following?
Obtain a list of all insurance policies that will be replaced
Life insurers are prohibited from including any of the following in advertisements EXCEPT
Policy appraisals and analysis
The initial amount of credit life insurance may NOT exceed
The amount to be repaired under the contract
When does credit life insurance coverage take effect?
The date the debtor becomes obligated to the creditor
What must contain a notice of the graded death benefit in a life insurance policy with graded death benefits?
The policy application
How must a replacing producer respond to an applicant wishing to replace existing life insurance?
The producer must provide the applicant with a Notice Regarding Replacement
What is the purpose of insurability provision in group life policies issued in this state?
To allow the insurer to require proof of insurability from individual insured
What is the purpose of the insurability provision in group life policies issued in this state?
To allow the insurer to require proof of insurability from individual insured
