33-1-208. Life insurance. Life insurance, including credit life insurance, is insurance on human lives. The transaction of life insurance includes the granting of endowment benefits, additional benefits in event of death or dismemberment by accident or accidental means, additional benefits in event of the insured's disability, benefits that provide reimbursement or payment for long-term home health care or long-term care in a nursing home or other related institution, and optional modes of settlement of proceeds of life insurance. Transaction of life insurance does not include workers' compensation insurance.
History: En. Sec. 73, Ch. 286, L. 1959; R.C.M. 1947, 40-2902; amd. Sec. 1, Ch. 152, L. 1991; amd. Sec. 3, Ch. 379, L. 1995.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 1. Administration and General Provisions
Part 2. Definitions and Insurance Coverages
33-1-201. Definitions -- insurance in general
33-1-202. Definitions -- entities
33-1-203. and 33-1-204 reserved
33-1-205. Definitions of kinds of insurance not mutually exclusive
33-1-207. Disability insurance
33-1-209. Marine protection and indemnity and wet marine insurance
33-1-214. Mechanical breakdown insurance
33-1-215. Prepaid legal insurance
33-1-216. Involuntary unemployment insurance
33-1-217. Gap amount -- gap insurance
33-1-218. Credit insurances -- definitions
33-1-219. Mortgage insurances -- definitions
33-1-220. Rental car insurance
33-1-221. Nationwide inland marine definition law
33-1-226. Instrumentalities of transportation and commerce