Montana Statutes
§ 33-25-111 — Abstracts Of Title Distinguished From Title Insurance Policy And Preliminary Report
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 25 MONTANA TITLE INSURANCE ACT·Part 1 General Provisions
33-25-111 . Abstracts of title distinguished from title insurance policy and preliminary report.
(1)A title insurance policy is not an abstract of title or representation as to the condition of title to the stated property.
(2)A preliminary report is not an abstract of title. The rights, duties, and liabilities applicable to the preparation and issuance of an abstract of title are not applicable to the issuance of a preliminary report. A preliminary report does not constitute a representation as to the condition of title to real property, but constitutes a statement of the terms and conditions upon which the issuer is willing to issue its title insurance policy.
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Montana § 33-25-111 (Abstracts Of Title Distinguished From Title Insurance Policy And Preliminary Report) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 4, Ch. 519, L. 1985.
Nearby Sections
15
§ 33-25-101
Renumbered 33-25-211§ 33-25-102
Renumbered 33-25-212§ 33-25-103
Repealed§ 33-25-104
Short Title§ 33-25-105
Definitions§ 33-25-106
Application§ 33-25-107
Through 33-25-110 Reserved§ 33-25-202
Sharing Of Rate Proceeds§ 33-25-203
Through 33-25-210 Reserved§ 33-25-211
Guaranty Fund -- Investments§ 33-25-212
Rates Filed With Commissioner§ 33-25-213
Limitations On Authority§ 33-25-214
Underwriting Standards -- Record Retention