33-1-216. Involuntary unemployment insurance. (1) Involuntary unemployment insurance means insurance providing the insured borrower with coverage for consumer credit replacement obligations for a period or periods during which the borrower is involuntarily unemployed. Involuntary unemployment insurance must at least provide benefits for the loss of employment income caused by individual or mass layoff, a general strike, termination by an employer, a dispute involving organized labor, and a lockout.
(2) Involuntary unemployment insurance is a type of casualty insurance provided for in 33-1-206.
History: En. Sec. 67, Ch. 472, L. 1999; amd. Sec. 12, Ch. 227, L. 2001.
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