Missouri § 385.065 Debtor to be informed of his option to use existing policies of insurance as security — policy may be obtained from any licensed insurer.

Missouri Statutes

§ 385.065 — Debtor to be informed of his option to use existing policies of insurance as security — policy may be obtained from any licensed insurer.

Missouri § 385.065

Title XXIVBUSINESS AND FINANCIAL INSTITUTIONS

Ch. 385Credit Insurance and Service Contracts

This text of Missouri § 385.065 (Debtor to be informed of his option to use existing policies of insurance as security — policy may be obtained from any licensed insurer.) 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. § 385.065 (2026).

Text

When life insurance or accident and sickness insurance is required or requested as additional security for any indebtedness, the debtor shall be informed of the option of furnishing the required amount of insurance, or any portion thereof, through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance business within this state.

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When life insurance or accident and sickness insurance is required or requested as additional security for any indebtedness, the debtor shall be informed of the option of furnishing the required amount of insurance, or any portion thereof, through existing policies of insurance owned or controlled by him or of procuring and furnishing the required coverage through any insurer authorized to transact such insurance business within this state.