Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 20. Life Insurance

33-20-117. Nonforfeiture rights -- policies issued before operative date - 33-20-117. Nonforfeiture rights -- policies issued before operative date. (1)...

33-20-118. Contestability -- excluded or restricted coverage - 33-20-118. Contestability -- excluded or restricted coverage. A clause in...

33-20-119. Incontestability -- limitation on liability after reinstatement of life insurance or annuity - 33-20-119. Incontestability -- limitation on liability after reinstatement of life...

33-20-120. Policy settlements -- holding proceeds -- indebtedness deducted from proceeds - 33-20-120. Policy settlements -- holding proceeds -- indebtedness deducted from...

33-20-121. Prohibited provisions -- limitations on liability - 33-20-121. Prohibited provisions -- limitations on liability. (1) A policy...

33-20-122. Prohibited provisions -- industrial life insurance - 33-20-122. Prohibited provisions -- industrial life insurance. No policy of...

33-20-123. Prohibited policy plans -- life insurance policies or annuity contracts - 33-20-123. Prohibited policy plans -- life insurance policies or annuity...

33-20-124. Policy provisions -- conformity with state statutes - 33-20-124. Policy provisions -- conformity with state statutes. Each policy...

33-20-125. and 33-20-126 reserved - 33-20-125 and 33-20-126 reserved.

33-20-127. Life insurance policy with long-term care provision or accelerated benefits provision -- summary required - 33-20-127. Life insurance policy with long-term care provision or accelerated...

33-20-128. Life insurance policy paying long-term benefits -- monthly report - 33-20-128. Life insurance policy paying long-term benefits -- monthly report....

33-20-129. and 33-20-130 reserved - 33-20-129 and 33-20-130 reserved.

33-20-131. Policy loan or certificate loan - 33-20-131. Policy loan or certificate loan. (1) Subject to the...

33-20-132. Variable policy loan interest rates -- purpose - 33-20-132. Variable policy loan interest rates -- purpose. The purpose...

33-20-133. Variable interest rates -- exclusions from application - 33-20-133. Variable interest rates -- exclusions from application. The provisions...

33-20-134. Variable interest rates -- published monthly average defined - 33-20-134. Variable interest rates -- published monthly average defined. For...

33-20-135. Variable interest rates on policy loans - 33-20-135. Variable interest rates on policy loans. (1) (a) Life...

33-20-136. Variable interest rates -- applicability to policies issued before October 1985 - 33-20-136. Variable interest rates -- applicability to policies issued before...

33-20-137. through 33-20-140 reserved - 33-20-137 through 33-20-140 reserved.

33-20-141. Notice required for cancellation - 33-20-141. Notice required for cancellation. (1) Subject to subsection (2),...

33-20-142. Contents of notice -- proof -- limitation on recovery -- exemptions - 33-20-142. Contents of notice -- proof -- limitation on recovery...

33-20-143. through 33-20-149 reserved - 33-20-143 through 33-20-149 reserved.

33-20-150. Life insurance policy and sales illustrations -- annuity disclosure -- rules - 33-20-150. Life insurance policy and sales illustrations -- annuity disclosure...

33-20-151. Repealed - 33-20-151. Repealed. Sec. 134, Ch. 494, L. 1993. History: En....

Part 2. Standard Nonforfeiture Law Life Insurance

33-20-201. Short title - 33-20-201. Short title. This part shall be known as the...

33-20-202. Nonforfeiture provisions - 33-20-202. Nonforfeiture provisions. (1) In the case of policies issued...

33-20-203. Cash surrender value -- paid-up nonforfeiture benefit -- life - 33-20-203. Cash surrender value -- paid-up nonforfeiture benefit -- life....

33-20-204. Adjusted premium - 33-20-204. Adjusted premium. (1) This section does not apply to...

33-20-205. Calculation -- mortality table -- rates of interest - 33-20-205. Calculation -- mortality table -- rates of interest. Except...

33-20-206. Mortality tables -- policies issued after operative date - 33-20-206. Mortality tables -- policies issued after operative date. (1)...

33-20-207. Industrial policies -- mortality tables - 33-20-207. Industrial policies -- mortality tables. (1) This section does...

33-20-208. Mortality tables -- interest rate adjusted premiums - 33-20-208. Mortality tables -- interest rate adjusted premiums. (1) (a)...

33-20-209. Determination of nonforfeiture values for special plans - 33-20-209. Determination of nonforfeiture values for special plans. For a...

33-20-210. Additional rules for calculating cash surrender values - 33-20-210. Additional rules for calculating cash surrender values. (1) This...

33-20-211. Calculation of values -- other requisites - 33-20-211. Calculation of values -- other requisites. (1) Any cash...

33-20-212. Exceptions - 33-20-212. Exceptions. (1) This part does not apply to: (a)...

33-20-213. Operative date - 33-20-213. Operative date. After July 1, 1945, any insurer could...

Part 3. Annuity Contract Provisions

33-20-301. Standard provisions -- annuity and pure endowment contracts - 33-20-301. Standard provisions -- annuity and pure endowment contracts. (1)...

33-20-302. Grace period - 33-20-302. Grace period. In an annuity or pure endowment contract,...

33-20-303. Incontestability - 33-20-303. Incontestability. If any statements other than those relating to...

33-20-304. Entire contract - 33-20-304. Entire contract. In an annuity or pure endowment contract,...

33-20-305. Misstatement of age - 33-20-305. Misstatement of age. In an annuity or pure endowment...

33-20-306. Dividends - 33-20-306. Dividends. If an annuity or pure endowment contract, other...

33-20-307. Reinstatement - 33-20-307. Reinstatement. In an annuity or pure endowment contract, other...

33-20-308. Annuity information - 33-20-308. Annuity information. The commissioner shall promulgate rules prescribing information...

33-20-309. Annuity penalty -- 10-year prohibition - 33-20-309. Annuity penalty -- 10-year prohibition. (1) An annuity may...

Part 4. Reversionary Annuity Contract Provisions

33-20-401. Standard provisions - 33-20-401. Standard provisions. (1) Except as stated herein, no contract...

Part 5. Standard Nonforfeiture Law Individual Deferred Annuities

33-20-501. Short title - 33-20-501. Short title. This part shall be known as the...

33-20-502. Application - 33-20-502. Application. This part does not apply to any reinsurance,...

33-20-503. Nonforfeiture provisions - 33-20-503. Nonforfeiture provisions. In the case of contracts issued on...

33-20-504. Exception - 33-20-504. Exception. Notwithstanding the requirements of 33-20-503, any deferred annuity...

33-20-505. Minimum nonforfeiture amounts - 33-20-505. Minimum nonforfeiture amounts. (1) The minimum values as specified...

33-20-506. Present value to equal minimum nonforfeiture amount - 33-20-506. Present value to equal minimum nonforfeiture amount. Any paid-up...

33-20-507. Cash surrender benefits - 33-20-507. Cash surrender benefits. For contracts which provide cash surrender...

33-20-508. Paid-up annuity benefits - 33-20-508. Paid-up annuity benefits. For contracts which do not provide...

33-20-509. Maturity date - 33-20-509. Maturity date. For the purpose of determining the benefits...

33-20-510. Statement of noninclusion of certain death benefits - 33-20-510. Statement of noninclusion of certain death benefits. Any contract...

33-20-511. Adjusted benefit - 33-20-511. Adjusted benefit. Any paid-up annuity, cash surrender, or death...

33-20-512. Calculation of benefits -- special benefits excluded - 33-20-512. Calculation of benefits -- special benefits excluded. For any...

33-20-513. Operative date - 33-20-513. Operative date. After July 1, 1979, any company may...

Part 6. Variable Contracts

33-20-601. Short title - 33-20-601. Short title. This part may be cited as the...

33-20-602. Powers of commissioner - 33-20-602. Powers of commissioner. Except as provided in Title 30,...

33-20-603. Separate accounts for life insurance or annuities - 33-20-603. Separate accounts for life insurance or annuities. (1) Subject...

33-20-604. Contract to contain statement of essential features - 33-20-604. Contract to contain statement of essential features. A contract...

33-20-605. Requirements for doing business - 33-20-605. Requirements for doing business. (1) No insurer may deliver...

33-20-606. Variable contracts to meet insurance contract requirements - 33-20-606. Variable contracts to meet insurance contract requirements. (1) Except...

Part 7. Charitable Gift Annuities

33-20-701. Definitions - 33-20-701. Definitions. In this part, the following definitions apply: (1)...

33-20-702. Charitable gift annuity not insurance - 33-20-702. Charitable gift annuity not insurance. (1) The issuance of...

33-20-703. Repealed - 33-20-703. Repealed. Sec. 6, Ch. 26, L. 2019. History: En....

33-20-704. Repealed - 33-20-704. Repealed. Sec. 6, Ch. 26, L. 2019. History: En....

33-20-705. Repealed - 33-20-705. Repealed. Sec. 6, Ch. 26, L. 2019. History: En....

Part 8. Suitability in Annuity Transactions

33-20-801. Short title - 33-20-801. Short title. This part may be referred to as...

33-20-802. Purpose -- scope - 33-20-802. Purpose -- scope. (1) The purpose of this part...

33-20-803. Exemptions - 33-20-803. Exemptions. Unless otherwise specifically included, this part does not...

33-20-804. Definitions - 33-20-804. Definitions. As used in this part, the following definitions...

33-20-805. Duties of insurers and producers-- best interest obligations - 33-20-805. Duties of insurers and producers-- best interest obligations. (1)...

33-20-806. Compliance mitigation -- penalties -- enforcement - 33-20-806. Compliance mitigation -- penalties -- enforcement. (1) An insurer...

33-20-807. Producer training - 33-20-807. Producer training. (1) A producer may not solicit the...

Part 9. Annuity Disclosure

33-20-901. Short title - 33-20-901. Short title. This part may be referred to as...

33-20-902. Purpose - 33-20-902. Purpose. The purpose of this part is to provide...

33-20-903. Applicability - 33-20-903. Applicability. (1) This part applies to all group and...

33-20-904. Definitions - 33-20-904. Definitions. As used in this part, the following definitions...

33-20-905. Standards for disclosure document and buyer's guide - 33-20-905. Standards for disclosure document and buyer's guide. (1) When...

33-20-906. Report to contract owners - 33-20-906. Report to contract owners. (1) For annuities in the...

33-20-907. Penalties - 33-20-907. Penalties. In addition to any other penalties provided in...

Part 10. General Requirements for Group Life

33-20-1001. Group contracts required to meet group requirements - 33-20-1001. Group contracts required to meet group requirements. (1) No...

33-20-1002. Employee life insurance defined - 33-20-1002. Employee life insurance defined. "Employee life insurance" is that...

33-20-1003. Repealed - 33-20-1003. Repealed. Sec. 32, Ch. 396, L. 2017. History: En....

Part 11. Groups and Group Requirements

33-20-1101. Employee groups - 33-20-1101. Employee groups. (1) Subject to the requirements in subsections...

33-20-1102. Labor union groups - 33-20-1102. Labor union groups. The lives of a group of...

33-20-1103. Employer and labor union combinations -- trustee groups - 33-20-1103. Employer and labor union combinations -- trustee groups. The...

33-20-1104. Public employee groups - 33-20-1104. Public employee groups. The lives of a group of...

33-20-1105. Debtor groups - 33-20-1105. Debtor groups. The lives of a group of individuals...

33-20-1106. Credit union groups - 33-20-1106. Credit union groups. The lives of a group of...

33-20-1107. through 33-20-1110 reserved - 33-20-1107 through 33-20-1110 reserved.

33-20-1111. Dependents of employee and labor union groups -- coverage - 33-20-1111. Dependents of employee and labor union groups -- coverage....

33-20-1112. Discretionary groups - 33-20-1112. Discretionary groups. (1) Subject to the requirements of this...

Part 12. Group Contract Provisions

33-20-1201. Provisions required in group contracts - 33-20-1201. Provisions required in group contracts. A policy of group...

33-20-1202. Grace period - 33-20-1202. Grace period. The group life insurance policy and certificate...

33-20-1203. Incontestability - 33-20-1203. Incontestability. The group life insurance policy and certificate must...

33-20-1204. Application -- statements considered representations - 33-20-1204. Application -- statements considered representations. The group life insurance...

33-20-1205. Insurability - 33-20-1205. Insurability. The group life insurance policy and certificate must...

33-20-1206. Misstatement of age - 33-20-1206. Misstatement of age. The group life insurance policy and...

33-20-1207. Payment of benefits - 33-20-1207. Payment of benefits. (1) The group life insurance policy...

33-20-1208. Certificate - 33-20-1208. Certificate. The group life insurance policy must contain a...

33-20-1209. Conversion on termination of eligibility - 33-20-1209. Conversion on termination of eligibility. (1) The group life...

33-20-1210. Conversion on termination of policy or certificate - 33-20-1210. Conversion on termination of policy or certificate. (1) The...

33-20-1211. Death pending conversion - 33-20-1211. Death pending conversion. The group life insurance policy or...

33-20-1212. Notice as to conversion right - 33-20-1212. Notice as to conversion right. If an individual insured...

33-20-1213. Policy and certificate provisions -- conformity with state statutes - 33-20-1213. Policy and certificate provisions -- conformity with state statutes....

Part 13. Viatical Settlements

33-20-1301. Short title - 33-20-1301. Short title. This part may be cited as the...

33-20-1302. Definitions - 33-20-1302. Definitions. As used in this part, unless the context...

33-20-1303. License requirements - 33-20-1303. License requirements. (1) A person may not act as...

33-20-1304. Issuance of license - 33-20-1304. Issuance of license. (1) The commissioner may issue a...

33-20-1305. Expiration of license - 33-20-1305. Expiration of license. (1) A license issued under this...

33-20-1306. Notification by licensee of material change affecting qualification for license - 33-20-1306. Notification by licensee of material change affecting qualification for...

33-20-1307. Suspension -- revocation -- refusal to issue or renew license - 33-20-1307. Suspension -- revocation -- refusal to issue or renew...

33-20-1308. Terms of contract - 33-20-1308. Terms of contract. (1) A viatical settlement contract must...

33-20-1309. Annual report by provider - 33-20-1309. Annual report by provider. Unless the commissioner grants a...

33-20-1310. Examination of business and practices of licensee or applicant -- maintenance of business records - 33-20-1310. Examination of business and practices of licensee or applicant...

33-20-1311. Disclosure of information to policyholder - 33-20-1311. Disclosure of information to policyholder. A viatical settlement provider...

33-20-1312. Conditions precedent to entering into viatical settlement contract - 33-20-1312. Conditions precedent to entering into viatical settlement contract. (1)...

33-20-1313. Requirements for entering into viatical settlement contract -- prohibitions on finder's fee -- solicitations -- discrimination -- false or misleading advertising or solicitation -- misuse of confidential information - 33-20-1313. Requirements for entering into viatical settlement contract -- prohibitions...

33-20-1314. Payment to escrow or trust account -- lump-sum payment - 33-20-1314. Payment to escrow or trust account -- lump-sum payment....

33-20-1315. Rules -- standards -- bond - 33-20-1315. Rules -- standards -- bond. The commissioner may, in...

33-20-1316. Service of process - 33-20-1316. Service of process. (1) For viatical settlement providers, the...

33-20-1317. Disclosure of information to viatical settlement purchasers - 33-20-1317. Disclosure of information to viatical settlement purchasers. (1) A...

33-20-1318. Conflict of laws - 33-20-1318. Conflict of laws. (1) If there is more than...

Part 14. Structured Settlement Protection

33-20-1401. Short title - 33-20-1401. Short title. This part may be cited as the...

33-20-1402. Definitions - 33-20-1402. Definitions. As used in this part, unless the context...

33-20-1403. Disclosure to payee - 33-20-1403. Disclosure to payee. No less than 3 days prior...

33-20-1404. Transfer of structured settlement payment right -- conditions - 33-20-1404. Transfer of structured settlement payment right -- conditions. A...

33-20-1405. Obligations after transfer - 33-20-1405. Obligations after transfer. After the transfer of a structured...

33-20-1406. Additional transfers - 33-20-1406. Additional transfers. After the transfer of a structured settlement...

33-20-1407. Jurisdiction -- notice - 33-20-1407. Jurisdiction -- notice. (1) A transferee may apply under...

33-20-1408. Waiver not allowed - 33-20-1408. Waiver not allowed. A payee may not waive the...

33-20-1409. Disputes -- entry of judgment - 33-20-1409. Disputes -- entry of judgment. (1) A transfer agreement...

33-20-1410. Contingent payment conditions - 33-20-1410. Contingent payment conditions. A transfer of a structured settlement...

33-20-1411. Responsibility for compliance -- liability - 33-20-1411. Responsibility for compliance -- liability. (1) Compliance with the...

33-20-1412. Construction - 33-20-1412. Construction. This part may not be construed to authorize...

Part 15. Funeral Insurance

33-20-1501. Funeral insurance - 33-20-1501. Funeral insurance. (1) (a) "Funeral insurance" means an insurance...

33-20-1502. Excess funeral insurance proceeds - 33-20-1502. Excess funeral insurance proceeds. Funeral insurance proceeds that exceed...

33-20-1503. Rules - 33-20-1503. Rules. The commissioner may adopt rules to regulate funeral...

Part 16. Unclaimed Life Insurance Benefits Act

33-20-1601. Short title - 33-20-1601. Short title. This part may be cited as the...

33-20-1602. Purpose - 33-20-1602. Purpose. The purposes of this part are to require...

33-20-1603. Application of part - 33-20-1603. Application of part. (1) This part applies to life...

33-20-1604. Definitions - 33-20-1604. Definitions. As used in this part, the following definitions...

33-20-1605. Insurer conduct - 33-20-1605. Insurer conduct. (1) An insurer shall perform a comparison...

33-20-1606. Unfair trade practices - 33-20-1606. Unfair trade practices. A violation of the provisions of...

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Montana Code Annotated Title 33. Insurance and Insurance Companies Chapter 20. Life Insurance

Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 20. Life Insurance