Missouri § 377.280 - Surrender values.
Full text of Missouri Revised Statutes of Missouri § 377.280 — Surrender values., with citation guidance and answers to common questions.
§ 377.280. Surrender values.
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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(RSMo 1939 § 5877)
Prior revisions: 1929 § 5766; 1919 § 6176; 1909 § 6970
---- end of effective 28 Aug 1939 ----
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Frequently Asked Questions About Missouri § 377.280
What does Revised Statutes of Missouri § 377.280 cover?
Section 377.280 ("Surrender values.") is part of the Revised Statutes of Missouri, the codified statutory law of Missouri. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Missouri § 377.280?
A common citation format is "Revised Statutes of Missouri § 377.280" (Missouri). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Missouri law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Missouri official source linked on this page or consult a licensed Missouri attorney.
How does Missouri § 377.280 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Missouri can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Missouri.