Montana Statutes

§ 33-1-216 — Involuntary Unemployment Insurance

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 1 ADMINISTRATION AND GENERAL PROVISIONS·Part 2 Definitions and Insurance Coverages

33-1-216 . Involuntary unemployment insurance.

(1)Involuntary unemployment insurance means insurance providing the insured borrower with coverage for consumer credit replacement obligations for a period or periods during which the borrower is involuntarily unemployed. Involuntary unemployment insurance must at least provide benefits for the loss of employment income caused by individual or mass layoff, a general strike, termination by an employer, a dispute involving organized labor, and a lockout.
(2)Involuntary unemployment insurance is a type of casualty insurance provided for in 33-1-206 .

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Legislative History

En. Sec. 67, Ch. 472, L. 1999; amd. Sec. 12, Ch. 227, L. 2001.

Nearby Sections

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