Summary of the Truly Agreed Version of the Bill

SCS HB 1112 -- INSURANCE COMPANIES

This bill allows 13 or more persons to form a company to issue

life insurance policies outside of the United States for coverage

of nonlife risks that are attached as riders to individual life

insurance policies if the aggregate premium assumed on an annual

basis under the nonlife risks does not exceed 3% of the capital

and surplus of the company as of December 31 of the preceding

year.

A Missouri-domiciled insurance company is allowed to write

insurance to provide a periodic indemnity for involuntary

unemployment in connection with group life insurance, but only to

the extent that the insurance is sold outside of the United States.

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