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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) An insurance company may not issue a refund to a person other than the owner of the policy or certificate.
(2) A long-term care insurance policy may not:
(a) be canceled, nonrenewed, or otherwise terminated on any grounds other than the insured's or certificate holder's failure to pay the premium;
(b) contain a provision establishing a new waiting period if existing coverage is converted to or replaced by a new or other form within the same company, except with respect to an increase in benefits voluntarily selected by the insured individual or group policyholder; or
(c) provide coverage for only skilled nursing care or provide substantially more coverage for skilled nursing care in a facility than coverage for lower levels of care.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-22-1114. Prohibited practices and policy provisions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-22-1114/
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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