Montana § 33-20-1410 Contingent Payment Conditions

Montana Statutes

§ 33-20-1410 — Contingent Payment Conditions

Montana § 33-20-1410

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 20LIFE INSURANCE

Part 14Structured Settlement Protection

This text of Montana § 33-20-1410 (Contingent Payment Conditions) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-20-1410 (2026).

Text

33-20-1410 . Contingent payment conditions. A transfer of a structured settlement payment right may not extend to a payment that is contingent upon the life of a payee unless prior to the date on which the payee signs the transfer agreement the transferee has established and agreed to maintain procedures reasonably satisfactory to the annuity issuer and the structured settlement obligor for:

(1)periodically confirming the payee's survival; and

(2)giving the annuity issuer and the structured settlement obligor prompt written notice upon the payee's death.

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33-20-1410 . Contingent payment conditions. A transfer of a structured settlement payment right may not extend to a payment that is contingent upon the life of a payee unless prior to the date on which the payee signs the transfer agreement the transferee has established and agreed to maintain procedures reasonably satisfactory to the annuity issuer and the structured settlement obligor for:
(1) periodically confirming the payee's survival; and
(2) giving the annuity issuer and the structured settlement obligor prompt written notice upon the payee's death.