33-15-322. Purpose. (1) The purpose of 33-15-321 through 33-15-329 is to establish minimum standards for language used in policies, contracts, and certificates of life, disability, credit life, and credit disability insurance delivered or issued for delivery in this state to facilitate ease of reading by insureds.
(2) Sections 33-15-321 through 33-15-329 are not intended to increase the risk assumed by insurance companies or other entities subject to 33-15-321 through 33-15-329 or to supersede their obligation to comply with the substance of other insurance legislation applicable to life, disability, credit life, or credit disability insurance policies. Sections 33-15-321 through 33-15-329 are not intended to impede flexibility and innovation in the development of policy forms or content or to lead to the standardization of policy forms or content.
History: En. Sec. 2, Ch. 302, L. 1981.
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