33-15-303. Contents of policies in general -- identification. (1) Each policy must specify:
(a) the names of the parties to the contract;
(b) the subject of the insurance;
(c) the risks insured against;
(d) the time when the insurance under the policy takes effect and the period during which the insurance is to continue;
(e) the premium;
(f) the conditions pertaining to the insurance.
(2) If under the policy the exact amount of premium is determinable only at stated intervals or termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid must be included.
(3) All policies and annuity contracts issued by insurers and the forms of policies and annuity contracts filed with the commissioner must have printed on the policy or annuity contract an appropriate designating letter or figure, combination of letters or figures, or terms identifying the respective forms of policies or contracts. Each form, including riders and endorsements, must be identified by a designating letter or figure placed in a lower, preferably left-hand, corner of the first page of the form. Whenever any change is made in any form, the designating letters, figures, or terms on the form must be correspondingly changed and the revision date must be noted next to the designating letters.
History: En. Sec. 275, Ch. 286, L. 1959; R.C.M. 1947, 40-3718; amd. Sec. 18, Ch. 303, L. 1981; amd. Sec. 18, Ch. 451, L. 1993; amd. Sec. 46, Ch. 379, L. 1995.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 15. The Insurance Contract
33-15-301. Requiring standard provisions -- waiver
33-15-302. Policy must contain entire contract
33-15-303. Contents of policies in general -- identification
33-15-304. Permissible content
33-15-305. Prohibited content -- charter or bylaws
33-15-306. Execution of policies -- facsimile signature
33-15-307. Underwriters' and combination policies
33-15-308. Explanation of charges
33-15-309. through 33-15-314 reserved
33-15-315. Validity of noncomplying forms
33-15-316. Construction of policies
33-15-317. Insurance coverage of punitive damages
33-15-318. Safety program requirement in workers' compensation policies
33-15-319. and 33-15-320 reserved
33-15-321. Life and disability insurance policy language simplification
33-15-324. Application -- exceptions
33-15-325. Minimum policy language simplification standards
33-15-326. Construction -- time period
33-15-327. Powers of the commissioner
33-15-329. Applicability schedule
33-15-330. through 33-15-332 reserved
33-15-337. Minimum policy simplification standards
33-15-338. Powers of commissioner
33-15-339. Compliance with other statutorily required language