Montana Statutes
§ 33-15-1108 — Limitation On Midterm Premium 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
33-15-1108 . Limitation on midterm premium increases.
(1)In any case involving property or casualty insurance that is subject to this part, the insurer may not unilaterally increase the rate charged or decrease the coverage provided for the contract period unless:
(a)there is a change in risk during that period because of the addition or removal of persons or property that was included in the rate at last renewal;
(b)the risk was misrepresented by the insured; or
(c)the insured requests a policy change that increases the rate because of that specific request.
(2)This section does not prohibit the cancellation of a policy for any other reason permitted by the policy or by law during an initial policy period not to exceed 60 days.
(3)This section does not prohibit an insurer from provi
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Legislative History
En. Sec. 2, Ch. 501, L. 2003; amd. Sec. 10, Ch. 62, L. 2019; amd. Sec. 2, Ch. 105, L. 2025.
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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