Montana § 33-22-1116 Nonforfeiture Benefits -- Offer Requirement

Montana Statutes

§ 33-22-1116 — Nonforfeiture Benefits -- Offer Requirement

Montana § 33-22-1116

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 22DISABILITY INSURANCE

Part 11Long-Term Care Insurance Act

This text of Montana § 33-22-1116 (Nonforfeiture Benefits -- Offer Requirement) 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. § 33-22-1116 (2026).

Text

33-22-1116 . Nonforfeiture benefits -- offer requirement.

(1)Except as provided in subsection (3), a long-term care insurance policy may not be delivered or issued for delivery in this state unless the policyholder or certificate holder has been offered the option of purchasing a policy that includes a nonforfeiture benefit. The offer of a nonforfeiture benefit may be in the form of a rider that is attached to the policy.

(2)If a policyholder or certificate holder declines the nonforfeiture benefit, the insurer shall provide a contingent benefit upon lapse that must be available for a specified period of time following a substantial increase in premium rates.

(3)When a group long-term care insurance policy is issued, the offer required in subsection (1) must be made to the group policyh

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33-22-1116 . Nonforfeiture benefits -- offer requirement. (1) Except as provided in subsection (3), a long-term care insurance policy may not be delivered or issued for delivery in this state unless the policyholder or certificate holder has been offered the option of purchasing a policy that includes a nonforfeiture benefit. The offer of a nonforfeiture benefit may be in the form of a rider that is attached to the policy.
(2) If a policyholder or certificate holder declines the nonforfeiture benefit, the insurer shall provide a contingent benefit upon lapse that must be available for a specified period of time following a substantial increase in premium rates.
(3) When a group long-term care insurance policy is issued, the offer required in subsection (1) must be made to the group policyholder. However, if the policy is issued as group long-term care insurance as defined in 33-22-1107 (5)(d), other than to a continuing care retirement community or other similar entity, the offer must be made to each proposed certificate holder.