Montana Statutes
§ 33-23-217 — Return Of Unearned Premiums
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 23 CASUALTY INSURANCE·Part 2 Motor Vehicle Liability
33-23-217 . Return of unearned premiums. If an insurer cancels a motor vehicle policy covering a commercial or private motor vehicle for nonpayment of a premium, the insurer shall process the cancellation on a pro rata basis. The insurer shall return whatever gross unearned premium is due under the motor vehicle policy to the insured. For purposes of this section, the term "unearned premium" means that part of the original premium, including deposits, not yet earned by the insurer and therefore due the insured if the policy is canceled.
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Legislative History
En. Sec. 1, Ch. 121, L. 1987.
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Repealed§ 33-23-201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