33-22-221. Optional policy provisions -- substitutes. Except as provided in 33-22-202(2), a policy delivered or issued for delivery to a person in this state may not contain provisions related to the matters in 33-22-222 through 33-22-230 unless those provisions use words that are the same as those that appear in the applicable section. However, the insurer may, at its option, use in lieu of a repetitious provision a corresponding provision of different wording approved by the commissioner if the different wording is not less favorable in any respect to the insured or the beneficiary. Any provision contained in the policy must be preceded individually by the appropriate caption or, at the option of the insurer, by the appropriate individual or group captions or subcaptions that the commissioner may approve.
History: En. Sec. 366, Ch. 286, L. 1959; R.C.M. 1947, 40-4016; amd. Sec. 5, Ch. 26, L. 2019.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 22. Disability Insurance
Part 2. Individual Policy Requirements
33-22-202. Required provisions -- captions -- omissions -- substitutions -- order
33-22-203. Requirement of other jurisdictions -- statutes -- violation
33-22-204. Entire contract -- changes
33-22-205. Time limit on certain defenses
33-22-211. Time of payment of claims
33-22-213. Physical examination and autopsy
33-22-215. Change of beneficiary
33-22-217. through 33-22-220 reserved
33-22-221. Optional policy provisions -- substitutes
33-22-222. Change of occupation
33-22-223. Misstatement of age
33-22-224. Other insurance in this insurer
33-22-225. Insurance with other insurers -- provision of service or expense incurred basis
33-22-226. Insurance with other insurers -- other benefits
33-22-227. Relation of earnings to insurance
33-22-229. Conformity with state statutes
33-22-232. Renewal at option of insurer
33-22-233. through 33-22-240 reserved
33-22-242. Waiver of preexisting condition exclusion -- exclusion prohibited
33-22-243. Premium increases to be distributed proportionately
33-22-244. Disclosure standards -- individual policy
33-22-246. Preexisting conditions relating to individual market
33-22-247. Guaranteed renewability of individual health insurance coverage