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MO SB905
Bill
Status
Introduced
2/20/2014
Primary Sponsor
David Sater
Click for details
AI Summary
- Increases the face amount threshold for life insurance policies exempt from continuing education requirements from $5,000 to $15,000 for policies designated for funeral or burial expenses
- Increases the face amount threshold for annuities exempt from continuing education requirements from $10,000 to $15,000 for annuities designated for funeral or burial expenses
- Life insurance producers limited by written agreement with insurers to sell only these specific low-face-amount policies are exempt from mandatory continuing education requirements
- Directors may require insurers entering into these written agreements to certify the representations made by insurance producers participating in the exemption
Legislative Description
Modifies requirements for an insurance producer to be exempt from certain continuing education requirements
Last Action
Voted Do Pass S Small Business, Insurance and Industry Committee
4/1/2014
Committee Referrals
Small Business, Insurance And Industry3/6/2014
Full Bill Text
No bill text available