Missouri Revised Statutes













Chapter 376

Life, Health and Accident Insurance

←376.480

Section 376.500.1

376.502→

August 28, 2015

Discriminations, rebates and favors prohibited--contracts to conform to policy.

376.500. No life insurance company doing business in this state shall

make or permit any distinction or discrimination in favor of individuals

between insurants (the insured) of the same class and equal expectations of

life in the amount or payment of premiums or rates charged for policies of

life or endowment insurance, or in the dividends or other benefits payable

thereon, or in any other of the terms and conditions of the contracts it

makes; nor shall any such company, or agent thereof, make any contract of

insurance or agreement as to such contract other than as plainly expressed in

the policy issued thereon; nor shall any such company, or any officer, agent,

solicitor or representative thereof, pay, allow or give, or offer to pay,

allow or give, directly or indirectly, as inducement to insurance, any rebate

of premium payable on the policy, or any special favor or advantage in the

dividends or other benefits to accrue thereon, or any paid employment or

contract for services of any kind, or any valuable consideration or

inducement whatever, not specified in the policy contract of insurance; or

give, sell or purchase, or offer to give, sell or purchase, as inducement to

insurance or in connection therewith, any stocks, bonds or other securities

of any insurance company or other corporation, association, or partnership,

or any dividends or profits to accrue thereon, or anything of value

whatsoever. The provisions of this section shall also apply to all companies

incorporated under the provisions of sections 377.200 to 377.460.



(RSMo 1939 § 5840, A.L. 1965 p. 95)



Prior revisions: 1929 § 5729; 1919 § 6139; 1909 § 6934







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