Montana § 33-15-1106 Renewal With Altered Terms

Montana Statutes

§ 33-15-1106 — Renewal With Altered Terms

Montana § 33-15-1106

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 15THE INSURANCE CONTRACT

Part 11Property or Casualty Insurance -- Premium Changes, Cancellation, and Claim Information

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Bluebook

Mont. Code Ann. § 33-15-1106 (2026).

Text

33-15-1106 . Renewal with altered terms.

(1)If an insurer offers or purports to renew a policy but on less favorable terms, at a higher rate, or at a higher rating plan, the new terms, rate, or rating plan take effect on the policy renewal date only if the insurer has mailed or delivered notice of the new terms, rate, or rating plan to the insured at least 45 days before the expiration date.

(2)This section does not apply if the increase in the rate or the rating plan, or both, results from a classification change based on the altered nature or extent of the risk insured against.

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33-15-1106 . Renewal with altered terms. (1) If an insurer offers or purports to renew a policy but on less favorable terms, at a higher rate, or at a higher rating plan, the new terms, rate, or rating plan take effect on the policy renewal date only if the insurer has mailed or delivered notice of the new terms, rate, or rating plan to the insured at least 45 days before the expiration date.
(2) This section does not apply if the increase in the rate or the rating plan, or both, results from a classification change based on the altered nature or extent of the risk insured against.