Missouri Revised Statutes













Chapter 376

Life, Health and Accident Insurance

←376.697

Section 376.699.1

376.700→

August 28, 2015

Person insured by group policy entitled to individual life policy, notice requirements.

376.699. If any individual insured under a group life insurance policy

hereafter delivered in this state becomes entitled under the terms of such

policy to have an individual policy of life insurance issued without evidence

of insurability, subject to the making of an application and paying the first

premium within the period specified in such policy, and if such individual is

not given notice of the existence of such right at least fifteen days prior to

the expiration date of such period, then, in such event, the individual shall

have an additional period within which to exercise such right. Nothing

contained herein shall be construed to continue any insurance beyond the

period provided in such policy. The additional period provided in this

section shall expire fifteen days after the individual is given the notice of

his rights regarding an individual policy, but in no event shall such

additional period extend beyond sixty days after the expiration date of the

period provided in such policy. Written notice presented to the individual

or mailed by the policyholder to the last known address of the individual, or

mailed by the insurer to the last known address of the individual as

furnished by the policyholder, shall constitute notice for the purpose of this

section.



(L. 1982 H.B. 1546 § 5)







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