33-15-207. Insurance without interest or of wager -- void. (1) Every stipulation in a policy of insurance of property for the payment of loss without regard to absence of an insurable interest in such property on the part of the insured or that the policy shall be received as proof of such interest is void.
(2) Every policy executed by way of gaming or wagering is void.
History: En. Sec. 266, Ch. 286, L. 1959; R.C.M. 1947, 40-3709.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 15. The Insurance Contract
33-15-201. Restrictions on contracting for personal insurance -- insurable interests -- violation
33-15-202. through 33-15-204 reserved
33-15-205. Restrictions on property insurance -- interest
33-15-206. Interest of named insured -- change of interest on death -- transfer