33-1-225. Domestic shipments. Domestic shipments may be covered by marine, inland marine, and transportation policies subject to the following conditions:
(1) Domestic shipments on consignment for sale, distribution, exhibit, trial, approval, or auction may be covered while in transit, while in the custody of others, and while being returned, except that the policy may not cover property while it is on premises owned, leased, or operated by the consignor.
(2) Domestic shipments not on consignment may be covered if the coverage of the issuing companies includes hazards of transportation beginning and ending within the United States. Such shipments are not covered at the manufacturing premises or after arrival at premises owned, leased, or operated by the assured or the purchaser.
History: En. Sec. 5, 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