Montana Statutes
§ 33-15-1104 — Anniversary Cancellation -- Anniversary Rate Increases
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 15 THE INSURANCE CONTRACT·Part 11 Property or Casualty Insurance -- Premium Changes, Cancellation, and Claim Information
33-15-1104 . Anniversary cancellation -- anniversary rate increases.
(1)An insurer may issue a policy for a term longer than 1 year or for an indefinite term if the policy contains a clause that allows cancellation by the insurer if the insurer gives notice 45 days prior to an anniversary date.
(2)If a policy has been issued for a term longer than 1 year and for additional premium consideration an annual premium has been guaranteed, the insurer may not increase the annual premium for the term of that policy.
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Montana § 33-15-1104 (Anniversary Cancellation -- Anniversary Rate Increases) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 4, Ch. 120, L. 1987; amd. Sec. 1, Ch. 339, L. 2003.
Nearby Sections
15
§ 33-15-101
Scope§ 33-15-102
Definitions§ 33-15-1101
Purpose -- Applicability§ 33-15-1102
Definitions§ 33-15-1103
Midterm Cancellation§ 33-15-1105
Nonrenewal -- Renewal Premium§ 33-15-1106
Renewal With Altered Terms§ 33-15-1107
Information About Grounds For Nonrenewal§ 33-15-1108
Limitation On Midterm Premium Increases§ 33-15-1109
And 33-15-1110 Reserved§ 33-15-1112
Through 33-15-1120 Reserved§ 33-15-1121
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