Montana Code Annotated Title 33 Chapter 15

What this document is

Montana Code Annotated Title 33 Chapter 15 - The Insurance Contract (33-15-101 through 33-15-1126) is a state statute published by Montana Legislative Services Division (archive.legmt.gov). It is one of the Montana documents that insurance license exam questions are written from, including montana life & health, montana property & casualty practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• Mont. Code Ann. Title 33 Chapter 15 § 33-15-101 (Scope)

  “Parts 1 through 5 do not apply as to: (1) reinsurance; (2) policies or contracts not issued for delivery in this state or delivered in this state; (3) ocean marine and foreign trade insurances;”

• Mont. Code Ann. Title 33 Chapter 15 § 33-15-103(3) (Power to contract, purchase of insurance by minors)

  “If any minor mentioned in subsection (2) is possessed of an estate that is being administered by a guardian, the contract is not binding upon the estate as to payment of premiums except when consented to by the guardian and approved by the district court of the county in which the administration of...”

• Mont. Code Ann. Title 33 Chapter 15 § 33-15-102 (Definitions)

  “"Premium" is the consideration for insurance, by whatever name called. Any assessment or membership, policy, survey, inspection, service, or similar fee or charge in consideration for an insurance contract is deemed part of the premium.”

• Mont. Code Ann. Sec. 33-15-205 (Restrictions on property insurance, interest)

  “No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss. (2) "Insurable interest" as used in this section...”

• Mont. Code Ann. Sec. 33-15-1105(4) (Nonrenewal, renewal premium)

  “(4) An insurer may not refuse to renew a property and casualty insurance policy on the basis of a single loss occurring during the policy period unless the insurer has previously disclosed in writing to the insured, at the time that the insured applied for the insurance or prior to the insured's...”

• Mont. Code Ann. Sec. 33-15-1111 (Home owner insurance not affected by day-care operations)

  “(1) No insurer writing home owner insurance in this state may deny an applicant home owner insurance or cancel or refuse to renew a home owner insurance policy covering a dwelling located in this state for the principal reason that an insured under the policy operates at the insured location a...”

• Mont. Code Ann. Sec. 33-15-411(1), (2) (Binders for temporary insurance)

  “(1) Binders or other contracts for temporary insurance may be made orally or in writing and shall be deemed to include all the usual terms of the policy as to which the binder was given, together with such applicable endorsements as are designated in the binder, except as superseded by the clear...”

• Mont. Code Ann. Sec. 33-15-503 (Forms for proof of loss to be furnished)

  “An insurer shall furnish, upon written request of any person claiming to have a loss under an insurance contract issued by such insurer, forms of proof of loss for completion by such person, but such insurer shall not, by reason of the requirement so to furnish forms, have any responsibility for or...”

• Mont. Code Ann. Sec. 33-15-317 (Insurance coverage of punitive damages)

  “Insurance coverage does not extend to punitive or exemplary damages unless expressly included by the contract of insurance. (2) Prior to renewal of any policy in effect on October 1, 1987, the insurer shall provide the insured with notice of nonrenewal of coverage of punitive or exemplary damages...”

• Mont. Code Ann. Sec. 33-15-318 (Safety program requirement in workers' compensation policies)

  “A policy, contract, or agreement to insure an employer against a workers' compensation or occupational disease risk must require each insured employer to implement a safety program, as provided in 39-71-1507 , as part of the policy, contract, or agreement to provide workers' compensation or...”

• Mont. Code Ann. Sec. 33-15-1103(3) (Midterm cancellation)

  “(3) Subsections (1) and (2) do not apply to a newly issued insurance policy if the policy has been in effect less than 60 days at the time the notice of cancellation is mailed or delivered. A cancellation under this subsection is not effective until 10 days after the notice is delivered or mailed to the insured.”

• Mont. Code Ann. Sec. 33-15-1107 (Information about grounds for nonrenewal)

  “(1) If the insurer or insurance producer receives a written request from an insured within 60 business days from the date on which the insurer mailed a notice of cancellation or nonrenewal to the insured, the insurer or insurance producer shall, within 21 days of receiving the insured's written...”

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More Montana sources

• Mont. Code Ann. s. 33-18-201: Unfair claim settlement practices prohibitedState statute
• Mont. Code Ann. s. 33-18-202: Misrepresentation and false advertising of policies prohibitedState statute
• Mont. Code Ann. ss. 33-20-104 to 33-20-119: Standard life insurance policy provisionsState statute
• Mont. Code Ann. s. 33-17-1001: Suspension, revocation, or refusal of licenseState statute
• Montana Code Annotated Title 33 Chapter 17 - Insurance Producers, Adjusters, Consultants and Administrators (33-17-101 through 33-17-1205)State statute
• Montana Code Annotated Title 33 Chapter 20 - Life Insurance and Annuity Contracts (33-20-101 through 33-20-1606)State statute
• Montana Code Annotated Title 33 Chapter 22 Parts 1-6 - Disability Insurance: general provisions, individual policy provisions, coverage requirements, group and blanket (33-22-101 through 33-22-604)State statute
• Montana Code Annotated Title 33 Chapter 22 Parts 7-22 - Disability Insurance: mental health parity, Medicare supplement, long-term care, reinsurance, preferred providers, small employer, dental (33-22-701 through 33-22-2205)State statute