Life, Health and Accident Insurance, first third

What this document is

Missouri Revised Statutes Chapter 376 - Life, Health and Accident Insurance, first third (Secs. 376.005-376.446) is a state statute published by Missouri Revisor of Statutes (revisor.mo.gov). It is one of the Missouri documents that insurance license exam questions are written from, including missouri life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Mo. Rev. Stat. Chapter 376 § 376.010 (Who May Form Company, Purposes)

  “and to provide an indemnity against death, and for weekly or other periodic indemnity for disability occasioned by accident or sickness to the person of the insured; but such accident and health insurance shall be made a separate department of the business of the life insurance company undertaking it.”

• Mo. Rev. Stat. Chapter 376 § 376.020 (Various Companies Defined)

  “such corporations having no capital stock, and in the management and profits of which the policyholders alone participate shall be considered "mutual companies" ; and such corporations having a capital stock, but in the management or in the profits of which, or in both, the policyholders or any...”

• Mo. Rev. Stat. Chapter 376 § 376.397.1(8) (Converted Policy Preexisting Conditions)

  “(8) The converted policy shall not exclude, as a preexisting condition, any condition covered by the group policy; provided, however, that the converted policy may provide for a reduction of its hospital, surgical or medical benefits by the amount of any such benefits payable under the group policy...”

• Mo. Rev. Stat. Chapter 376 § 376.050 (Declaration of Corporators)

  “shall file in the office of the director of the department of commerce and insurance a declaration signed by each of said corporators, setting forth the place of residence of each of them, and their intention to form a corporation for the purpose of transacting the business aforesaid, which...”

• Mo. Rev. Stat. Chapter 376 § 376.405.1 (Group Health Policy Form Approval)

  “No insurance company licensed to transact business in this state shall deliver or issue for delivery in this state any policy of group accident or group health insurance, or group accident and health insurance, including insurance against hospital, medical or surgical expenses, covering a group in...”

• Mo. Rev. Stat. Chapter 376 § 376.015 (Involuntary Unemployment Insurance With Credit or Group Life)

  “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.”

• Mo. Rev. Stat. Chapter 376 § 376.406.1 (Newborn Child Coverage)

  “All health benefit plans which provide coverage for a family member of an enrollee shall, as to such family member's coverage, also provide that the health benefits applicable for children shall be payable with respect to a newly born child of the enrollee from the moment of birth.”

• Mo. Rev. Stat. Chapter 376 § 376.280.2 (Capital Necessary to Do Business)

  “In order to continue writing new business, any stock company organized under the provisions of sections 376.010 to 376.670 , or the laws of this state, for any purpose mentioned in section 376.010 , shall maintain an actual capital and surplus in the amount required to commence business.”

• Mo. Rev. Stat. Chapter 376 § 376.080 (Director to Examine, When)

  “Upon being notified that the capital stock named in the charter has been subscribed, and two hundred thousand dollars thereof paid in, the director shall make an examination, or cause one to be made by some disinterested person specially appointed by him for that purpose, and if it shall be found...”

• Mo. Rev. Stat. § 376.383.9 (Health Care Claims for Reimbursement: Denial Must State Specific Reason)

  “Denial of a claim shall be communicated to the claimant and shall include the specific reason why the claim was denied. Any claim for which the health carrier has not communicated a specific reason for the denial shall not be considered denied under this section or section 376.384 .”

• Mo. Rev. Stat. § 376.426(1) (group health policies, required provisions: grace period)

  “A provision that the policyholder is entitled to a grace period of thirty-one days for the payment of any premium due except the first, during which grace period the policy shall continue in force, unless the policyholder shall have given the insurer written notice of discontinuance in advance of...”

• Mo. Rev. Stat. § 376.426(2) (group health policies, required provisions: incontestability)

  “A provision that the validity of the policy shall not be contested, except for nonpayment of premiums, after it has been in force for two years from its date of issue, and that no statement made by any person covered under the policy relating to insurability shall be used in contesting the validity...”

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More Missouri sources

• Missouri Rev. Stat. s. 375.014 - License required to act as insurance producerState statute
• Missouri Rev. Stat. s. 375.018 - Nonresident licenseState statute
• Missouri Rev. Stat. s. 375.141 - Grounds for license disciplineState statute
• Missouri Rev. Stat. s. 375.144 - Prohibited acts; misrepresentation and fraudState statute
• Missouri Rev. Stat. s. 375.936 - Unfair trade practices definedState statute
• Missouri Revised Statutes Chapter 375 - Provisions Applicable to All Insurance Companies, first third (Secs. 375.001-375.610)State statute
• Missouri Revised Statutes Chapter 375, second third (Secs. 375.620-375.1140)State statute
• Missouri Revised Statutes Chapter 375, final third (Secs. 375.1150-375.1803)State statute