33-4-507. Withdrawal of member -- cancellation by insurer. (1) A member of an insurer may withdraw by surrendering the member's policy to the insurer for cancellation and paying all obligations then owed by the member to the insurer.
(2) The insurer may cancel the policy of any member for any cause considered adequate by the insurer and upon not less than 10 days' written notice in advance of cancellation delivered to the member or mailed to the member's last address of record on file with the insurer.
History: En. Sec. 493, Ch. 286, L. 1959; R.C.M. 1947, 40-4826; amd. Sec. 1154, Ch. 56, L. 2009.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 4. Farm Mutual Insurers
33-4-501. Insuring powers in general
33-4-502. Limit of risk -- retention of liability
33-4-504. Cash premium or assessment plans
33-4-505. Certificate of authority required -- issuance -- continuation -- fee
33-4-506. Members -- minimum membership
33-4-507. Withdrawal of member -- cancellation by insurer
33-4-508. Application for insurance
33-4-509. Application and policy forms filed with commissioner
33-4-510. Rates -- filing -- discrimination
33-4-511. Insurance of schools, community houses, and churches
33-4-512. through 33-4-520 reserved