33-22-908. Notice of free examination. Medicare supplement policies and certificates must have a notice prominently printed on the first page of the policy or certificate or attached to the policy or certificate stating in substance that the applicant has the right to return the policy or certificate within 30 days of its delivery and to have the premium refunded if, after examination of the policy or certificate, the applicant is not satisfied for any reason. The issuer shall pay any refund made pursuant to this section directly to the applicant in a timely manner.
History: En. Sec. 8, Ch. 298, L. 1981; amd. Sec. 7, Ch. 682, L. 1989; amd. Sec. 7, Ch. 163, L. 1993.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 22. Disability Insurance
Part 9. Medicare Supplement Insurance Minimum Standards
33-22-904. Standards for policy provisions -- rules
33-22-905. Minimum standards for benefits and payment of claims -- rules
33-22-906. Loss ratio standards and filing requirements -- limits on compensation
33-22-907. Disclosure standards -- informational brochure -- rules
33-22-908. Notice of free examination
33-22-909. Administrative procedures
33-22-910. Filing requirements for advertising
33-22-912. through 33-22-920 reserved
33-22-921. Discontinuance or nonrenewal -- alternate policy or certificate -- same insurer
33-22-922. Discontinuance or nonrenewal -- alternate policy -- unauthorized bulk reinsurance
33-22-923. Replacement policy or certificate -- different insurer