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Current as of January 01, 2024 | Updated by Findlaw Staff
An insurer may deliver or issue for delivery credit life insurance and credit disability insurance only in the following forms:
(1) individual policies of life insurance issued to debtors on a term plan;
(2) individual policies of disability insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3) group policies of life insurance issued to creditors providing insurance on the lives of debtors on a term plan;
(4) group policies of disability insurance issued to creditors on a term plan insuring debtors or disability provisions in group credit life insurance policies to provide disability coverage;
(5) joint policies of life insurance issued to debtors providing insurance jointly on the lives of joint debtors on a term plan; or
(6) joint policies of disability insurance issued to debtors on a term plan insuring joint debtors or disability provisions in joint credit life insurance policies to provide disability coverage.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-21-201. Form of issuance - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-21-201/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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