Montana Statutes
§ 33-21-201 — Form Of Issuance
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 21 CREDIT LIFE AND DISABILITY INSURANCE·Part 2 Policy Requirements
33-21-201 . Form of issuance. An insurer may deliver or issue for delivery credit life insurance and credit disability insurance only in the following forms:
(1)individual policies of life insurance issued to debtors on a term plan;
(2)individual policies of disability insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3)group policies of life insurance issued to creditors providing insurance on the lives of debtors on a term plan;
(4)group policies of disability insurance issued to creditors on a term plan insuring debtors or disability provisions in group credit life insurance policies to provide disability coverage;
(5)joint policies of life insurance issued to debtors providing insurance jointly on the live
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Legislative History
En. Sec. 396, Ch. 286, L. 1959; R.C.M. 1947, 40-4205; amd. Sec. 7, Ch. 156, L. 1989; amd. Sec. 2, Ch. 179, L. 1993.
Nearby Sections
15
§ 33-21-101
Short Title§ 33-21-102
Purpose And Scope§ 33-21-103
Definitions§ 33-21-104
Existing Insurance -- Choice Of Insurer§ 33-21-105
Claims§ 33-21-106
Through 33-21-110 Reserved§ 33-21-111
Rules -- Enforcement Of Chapter§ 33-21-112
Judicial Review§ 33-21-113
Penalties§ 33-21-201
Form Of Issuance§ 33-21-202
Amount§ 33-21-203
Term§ 33-21-206
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