33-20-1211. Death pending conversion. The group life insurance policy or certificate must contain a provision that if a person insured under the policy or certificate dies during the period that the person would have been entitled to have an individual policy issued to the person in accordance with 33-20-1209 or 33-20-1210 and before an individual policy becomes effective, the amount of life insurance that the person would have been entitled to have issued to the person under an individual policy is payable as a claim under the group policy or certificate, whether or not application for the individual policy or the payment of the first premium has been made.
History: En. Sec. 347, Ch. 286, L. 1959; R.C.M. 1947, 40-3920; amd. Sec. 52, Ch. 227, L. 2001.
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