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Current as of January 01, 2024 | Updated by Findlaw Staff
The carrier is not required to issue a converted policy if at the time of application the applicant:
(1)(a) has coverage under other disability insurance policies, health service corporation contracts, or self-insured health benefit plans providing similar benefits;
(b) is eligible for coverage under a group policy or contract providing similar benefits;
(c) is provided with similar benefits required by any statute; or
(d) is covered under any national, state, or governmental plan; and
(2) has coverage under subsection (1) that, together with the converted policy, would result in overinsurance according to the carrier's underwriting standards.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-22-311. Overinsurance - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-22-311/
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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