Montana Statutes
§ 33-15-415 — Notice Of Right To Return Policy
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 15 THE INSURANCE CONTRACT·Part 4 Application, Issuance, Renewal, Assignment, and Return
33-15-415 . Notice of right to return policy. Each individual life or disability insurance policy, except a single-premium nonrenewable disability policy, issued for delivery in this state or issued after January 1, 1996, must contain a notice stating in substance that if the person to whom the policy is issued is not satisfied for any reason, the person may return the policy within 10 days of its delivery or a longer period if provided by the policy and have refunded directly to the person the premium paid. A policy returned pursuant to this section is void from the beginning.
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Legislative History
En. Sec. 75, Ch. 379, L. 1995.
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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