2011 Missouri Revised Statutes
TITLE XXIV BUSINESS AND FINANCIAL INSTITUTIONS
Chapter 376 Life, Health and Accident Insurance
Section 376.015. Involuntary unemployment insurance may be issued in connection with extension of credit, requirements.
Involuntary unemployment insurance may be issued in connection with extension of credit, requirements.
376.015. Corporations doing the business specified in section 376.010 may also make insurance to provide a periodic indemnity for involuntary unemployment when such insurance is sold in connection with an extension of credit. Any company making such insurance shall comply with the provisions of section 379.400 and the regulations promulgated pursuant thereto, and shall have, in addition to any other capital requirements for such company, a fully paid capital and surplus equal to the amount required in section 379.010. Involuntary unemployment insurance may be written on either an individual or a group basis, but in no event may group involuntary insurance coverage be offered to residents of a state other than Missouri unless the regulatory official governing insurance in such state has granted prior approval.
(L. 1985 H.B. 826, A.L. 1989 H.B. 615 & 563)
Annotation Copyright Missouri Joint Committee on Legislative Research
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