Montana Statutes
§ 33-22-123 — Return Of Unearned Premium
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 22 DISABILITY INSURANCE·Part 1 General Provisions
33-22-123 . Return of unearned premium. If an insured pays a premium in advance for coverage to any disability insurer licensed in this state and the insured subsequently cancels the coverage, the disability insurer shall refund the unearned portion of the premium. The disability insurer may consider the premium to be earned only on a calendar-month basis. The disability insurer may not charge the insured any fees or penalty for canceling the coverage. This section does not apply to a short-term disability policy that has a duration of 6 months or less.
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Legislative History
En. Sec. 1, Ch. 262, L. 2009.
Nearby Sections
15
§ 33-22-1001
Definition Of Home Health Care§ 33-22-1002
Availability Of Coverage For Home Health Care§ 33-22-1003
Applicability§ 33-22-101
Exceptions To Scope§ 33-22-102
Third-Party Ownership§ 33-22-103
Repealed§ 33-22-104
Through 33-22-106 Reserved§ 33-22-108
Reserved§ 33-22-109
Riders§ 33-22-110
Preexisting Conditions§ 33-22-1101
Short Title§ 33-22-1102
Purpose§ 33-22-1103
Compliance Required§ 33-22-1104
Scope