Modifies provisions relating to effect of suicide on life insurance policies

HB 1288 changes Missouri law to extend the waiting period for life insurance coverage exclusions related to suicide from one year to two years after a policy is issued. This means insurers can deny claims for suicide deaths occurring within two years of the policy's start date, rather than one year under previous law. The bill also specifies that if an insured adds extra coverage later, the two-year exclusion applies only to the new amount, not the original policy. Additionally, if a claim is denied due to suicide within the two-year period, insurers must refund all premiums paid for the excluded coverage.