33-15-317. Insurance coverage of punitive damages. (1) Insurance coverage does not extend to punitive or exemplary damages unless expressly included by the contract of insurance.
(2) Prior to renewal of any policy in effect on October 1, 1987, the insurer shall provide the insured with notice of nonrenewal of coverage of punitive or exemplary damages in the same manner as required by the commissioner of insurance for the renewal of policies with altered terms.
History: En. Sec. 3, Ch. 627, L. 1987.
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