Montana § 33-15-403 Representations In Applications -- Benefit Precluded And Rescission Allowed If Fraudulent Or Material

Montana Statutes

§ 33-15-403 — Representations In Applications -- Benefit Precluded And Rescission Allowed If Fraudulent Or Material

Montana § 33-15-403

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 15THE INSURANCE CONTRACT

Part 4Application, Issuance, Renewal, Assignment, and Return

This text of Montana § 33-15-403 (Representations In Applications -- Benefit Precluded And Rescission Allowed If Fraudulent Or Material) 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. § 33-15-403 (2026).

Text

33-15-403 . Representations in applications -- benefit precluded and rescission allowed if fraudulent or material.

(1)All statements and descriptions in any application for an insurance policy or annuity contract or in negotiations for an insurance policy or annuity contract by or on behalf of the insured or annuitant are considered representations and not warranties.

(2)Misrepresentations, omissions, concealment of facts, and incorrect statements preclude a benefit and allow rescission under the policy or contract if:

(a)the representations are fraudulent;

(b)the representations are material either to the acceptance of the risk or to the hazard assumed by the insurer; or

(c)the insurer in good faith would either not have issued the policy or contract or would not have issued a policy

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33-15-403 . Representations in applications -- benefit precluded and rescission allowed if fraudulent or material. (1) All statements and descriptions in any application for an insurance policy or annuity contract or in negotiations for an insurance policy or annuity contract by or on behalf of the insured or annuitant are considered representations and not warranties.
(2) Misrepresentations, omissions, concealment of facts, and incorrect statements preclude a benefit and allow rescission under the policy or contract if:
(a) the representations are fraudulent;
(b) the representations are material either to the acceptance of the risk or to the hazard assumed by the insurer; or
(c) the insurer in good faith would either not have issued the policy or contract or would not have issued a policy or contract in as large an amount or at the same premium or rate or would not have provided coverage with respect to the hazard resulting in the loss if the true facts had been made known to the insurer as required either by the application for the policy or contract or otherwise; and
(d) the questions in the application are sufficiently specific so that a reasonable person would understand the requirement to provide the particular facts and that the applicant's response was material to the insurer's decision to provide coverage or to determine the premium or rate to be charged for the coverage.
(3) Subsection (2)(c) does not apply to nonrenewal or discontinuation of group health insurance offered in connection with a group health plan in the small group market or large group market, as those terms are defined in 33-22-140 .
(4) If the parties to an insurance policy disagree regarding the propriety of rescission of a policy or a contract under this section, the district courts of this state have jurisdiction to determine the relative rights of the parties under the Uniform Declaratory Judgments Act in Title 27, chapter 8.
(5) This section may not be construed to limit or impair the powers and authority of the commissioner under this title.