2005 Missouri Revised Statutes - § 436.065. — Option for credit life on life of purchaser--authorized.

436.065. A preneed contract may offer the purchaser the option to acquire and maintain credit life insurance on the life of the purchaser. Such insurance shall provide for the payment of death benefits to the seller in an amount equal to the total of all contract payments unpaid as of the date of such purchaser's death, and shall be used solely to make those unpaid payments.

(L. 1982 S.B. 644 § 18, A.L. 1985 H.B. 627)

Effective 7-16-85