Montana Statutes
§ 33-20-119 — Incontestability -- Limitation On Liability After Reinstatement Of Life Insurance Or Annuity
33-20-119 . Incontestability -- limitation on liability after reinstatement of life insurance or annuity.
(1)A reinstated policy of life insurance or annuity contract may be contested on account of fraud or misrepresentation of facts material to the reinstatement only for the same period following reinstatement and with the same conditions and exceptions as the policy provides with respect to contestability after original issuance.
(2)When any life insurance policy or annuity contract is reinstated, such reinstated policy or contract may exclude or restrict liability to the same extent that such liability might have been or was excluded or restricted when the policy or contract was originally issued, and such exclusion or restriction shall be effective from the date of reinstatement.
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Montana § 33-20-119 (Incontestability -- Limitation On Liability After Reinstatement Of Life Insurance Or Annuity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 322, Ch. 286, L. 1959; R.C.M. 1947, 40-3828.
Nearby Sections
15
§ 33-20-1002
Employee Life Insurance Defined§ 33-20-1003
Repealed§ 33-20-101
Scope§ 33-20-102
Industrial Life Insurance Defined§ 33-20-103
Standard Provisions Required -- Exceptions§ 33-20-104
Grace Period§ 33-20-105
Incontestability§ 33-20-106
Entire Contract§ 33-20-107
Misstatement Of Age§ 33-20-108
Dividends§ 33-20-109
Renumbered 33-20-131§ 33-20-110
Table Of Values§ 33-20-1101
Employee Groups§ 33-20-1102
Labor Union Groups