Montana Statutes
§ 33-15-207 — Insurance Without Interest Or Of Wager -- Void
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 15 THE INSURANCE CONTRACT·Part 2 Insurable Interests
33-15-207 . Insurance without interest or of wager -- void.
(1)Every stipulation in a policy of insurance of property for the payment of loss without regard to absence of an insurable interest in such property on the part of the insured or that the policy shall be received as proof of such interest is void.
(2)Every policy executed by way of gaming or wagering is void.
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Legislative History
En. Sec. 266, Ch. 286, L. 1959; R.C.M. 1947, 40-3709.
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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