Missouri § 377.280 Surrender values.

Missouri Statutes

§ 377.280 — Surrender values.

Missouri § 377.280

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 377Assessment Plan and Stipulated Premium Plan Life Insurance

This text of Missouri § 377.280 (Surrender values.) is published on Counsel Stack Legal Research, covering Missouri primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mo. Rev. Stat. § 377.280 (2026).

Text

Any corporation, company or association transacting business under the provisions of sections 377.200 to 377.460 , may allow cash values on its policies or the equivalent of the cash value in extended or paid-up insurance to the extent of the unused portion of the emergency fund equitably apportioned at the dates of surrender, and may allow fixed cash values on its limited payment or investment policies, or the equivalent of the cash value in extended or paid-up insurance; provided, the amount to be set apart for such fixed cash value or its equivalent is plainly stated in the policy; and provided further, that such fixed cash value shall not be in excess of the portion of the premium with interest accretions thereon collected for that purpose.

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Any corporation, company or association transacting business under the provisions of sections 377.200 to 377.460 , may allow cash values on its policies or the equivalent of the cash value in extended or paid-up insurance to the extent of the unused portion of the emergency fund equitably apportioned at the dates of surrender, and may allow fixed cash values on its limited payment or investment policies, or the equivalent of the cash value in extended or paid-up insurance; provided, the amount to be set apart for such fixed cash value or its equivalent is plainly stated in the policy; and provided further, that such fixed cash value shall not be in excess of the portion of the premium with interest accretions thereon collected for that purpose.