33-20-1203. Incontestability. The group life insurance policy and certificate must contain a provision that the validity of the policy may not be contested, except for nonpayment of premium, after it has been in force for 2 years from its date of issue and that a statement made by any person insured under the policy relating to the person's insurability may not be used in contesting the validity of the insurance with respect to which the statement was made after the insurance has been in force prior to the contest for a period of 2 years during the person's lifetime or unless it is contained in a written instrument signed by the person.
History: En. Sec. 339, Ch. 286, L. 1959; R.C.M. 1947, 40-3912; amd. Sec. 29, Ch. 380, L. 2003.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Part 12. Group Contract Provisions
33-20-1201. Provisions required in group contracts
33-20-1204. Application -- statements considered representations
33-20-1206. Misstatement of age
33-20-1207. Payment of benefits
33-20-1209. Conversion on termination of eligibility
33-20-1210. Conversion on termination of policy or certificate
33-20-1211. Death pending conversion
33-20-1212. Notice as to conversion right
33-20-1213. Policy and certificate provisions -- conformity with state statutes