33-1-224. Exports. Exports may be covered by marine, inland marine, and transportation policies subject to the following conditions:
(1) Exports are covered wherever they are located, without restriction as to time, provided the coverage of the issuing companies includes hazards of transportation.
(2) Property is an export and the proper subject of marine, inland marine, or transportation insurance when designated or while being prepared for export and remains an export unless diverted for domestic trade. If the property is diverted for domestic trade, the provisions of 33-1-225 apply. This section does not apply to long-established methods of insuring certain commodities such as cotton.
History: En. Sec. 4, Ch. 467, L. 1981.
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