Montana Statutes
§ 33-23-202 — Reimbursement For Total Loss Of Motor Vehicle Based On Actual Replacement Value
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 23 CASUALTY INSURANCE·Part 2 Motor Vehicle Liability
33-23-202 . Reimbursement for total loss of motor vehicle based on actual replacement value. Each motor vehicle insurance policy issued to residents of this state that provides that reimbursement for total loss of a motor vehicle be based on a "book" value rather than on the actual replacement value is void as to that provision, and reimbursement must be made for actual replacement value except as provided in 27-1-306 .
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Legislative History
En. Sec. 1, Ch. 182, L. 1969; R.C.M. 1947, 40-4404; amd. Sec. 8, Ch. 139, L. 1987; amd. Sec. 2, Ch. 71, L. 1997.
Nearby Sections
15
§ 33-23-101
Repealed§ 33-23-201
Motor Vehicle Liability Policies To Include Uninsured Motorist Coverage -- Rejection By Insured§ 33-23-204
Definitions§ 33-23-205
Through 33-23-210 Reserved§ 33-23-211
Limitations On Basis For Cancellation§ 33-23-216
Retention And Proof Of Notice§ 33-23-217
Return Of Unearned Premiums