33-20-213. Operative date. After July 1, 1945, any insurer could have filed with the state auditor a written notice of its election to comply with the provisions of this part, except 33-20-206 and 33-20-207, after a specified date before January 1, 1948, with respect to the policies specified in the notice. After the filing of such notice, then upon such specified date (which shall be the operative date for such insurer with respect to such policies), this part, except 33-20-206 and 33-20-207, shall have become operative with respect to the policies specified in such notice thereafter issued by such insurer. As to all of its policies and contracts with respect to which an insurer makes no such election, the operative date of this part, except 33-20-206 and 33-20-207, with respect to such policies and contracts for such insurer is January 1, 1948.
History: En. Sec. 325, Ch. 286, L. 1959; amd. Sec. 1, Ch. 65, L. 1961; amd. Sec. 1, Ch. 42, L. 1965; amd. Sec. 2, Ch. 341, L. 1973; R.C.M. 1947, 40-3831(11); amd. Sec. 24, Ch. 198, L. 1979.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Part 2. Standard Nonforfeiture Law Life Insurance
33-20-202. Nonforfeiture provisions
33-20-203. Cash surrender value -- paid-up nonforfeiture benefit -- life
33-20-205. Calculation -- mortality table -- rates of interest
33-20-206. Mortality tables -- policies issued after operative date
33-20-207. Industrial policies -- mortality tables
33-20-208. Mortality tables -- interest rate adjusted premiums
33-20-209. Determination of nonforfeiture values for special plans
33-20-210. Additional rules for calculating cash surrender values