reglab/housing_qa huggingface dataset:
MT Code § 33-14-304 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 14. Insurance Premium Finance Companies|Part 3. Operation and Regulation|33-14-304. Cancellation of insurance upon default

  33-14-304. Cancellation of insurance upon default. (1) When a premium finance agreement contains a power of attorney or other authority enabling the insurance premium finance company to cancel any insurance contract listed in the agreement, the insurance contract or contracts may not be canceled by the premium finance company unless the cancellation is effectuated in accordance with this section.   (2) Written notice must be mailed to the insured setting forth the intent of the insurance premium finance company to cancel the insurance contract unless the default is cured prior to the date stated in the notice. The written notice must be mailed at least 10 days prior to the date stated in the notice. The insurance producer indicated on the premium finance agreement must also be mailed 10 days' notice of this action.   (3) Pursuant to the power of attorney or other authority referred to above, the insurance premium finance company may cancel on behalf of the insured by mailing to the insurer written notice stating when the cancellation will become effective, and the insurance contract must be canceled as if the notice of cancellation had been submitted by the insured but without requiring the return of the insurance contract. If the insurer or its insurance producer does not provide the insurance premium finance company with a specific mailing address for the purpose of receipt of the notice, mailing by the insurance premium finance company to the insurer at the address that is on file with the commissioner is considered sufficient notice under this section. The insurance premium finance company shall also mail a notice of cancellation to the insured at the insured's last-known address and to the insurance producer indicated on the premium finance agreement.   (4) All statutory, regulatory, and contractual restrictions providing that the insurance contract may not be canceled unless notice is given to a governmental agency, mortgagee, or other third party apply whenever cancellation is effected under the provisions of this section. The insurer shall give the prescribed notice in behalf of itself or the insured to any governmental agency, mortgagee, or other third party on or before the second business day after the day it receives the notice of cancellation from the premium finance company and shall determine the effective date of cancellation taking into consideration the number of days' notice required to complete the cancellation.   History: En. Sec. 10, Ch. 360, L. 1981; amd. Sec. 1, Ch. 713, L. 1989; amd. Sec. 44, Ch. 379, L. 1995.
MT Code § 33-14-305 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 14. Insurance Premium Finance Companies|Part 3. Operation and Regulation|33-14-305. Return of unearned premiums

  33-14-305. Return of unearned premiums. (1) Whenever a financed insurance contract is canceled by a person other than the insured, the insurer shall process cancellation of the financed insurance policy on a pro rata basis. The insurer shall return whatever gross unearned premiums are due under the insurance contract to the premium finance company for the account of the insured or insureds.   (2) If the crediting of the return premiums to the account of the insured results in a surplus over the amount due from the insured, the premium finance company shall refund the excess to the insured, except that a refund is not required if the excess amounts to less than $1.   History: En. Sec. 11, Ch. 360, L. 1981; amd. Sec. 2, Ch. 123, L. 1987; amd. Sec. 17, Ch. 451, L. 1993.
MT Code § 33-14-306 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 14. Insurance Premium Finance Companies|Part 3. Operation and Regulation|33-14-306. Agreement effective as security interest

  33-14-306. Agreement effective as security interest. No filing of the premium finance agreement or recording of a premium finance transaction shall be necessary to perfect the validity of the agreement as a secured transaction as against creditors, subsequent purchasers, pledgees, encumbrancers, successors, or assigns.   History: En. Sec. 12, Ch. 360, L. 1981.
MT Code § 33-14-307 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 14. Insurance Premium Finance Companies|Part 3. Operation and Regulation|33-14-307. Exceptions

  33-14-307. Exceptions. This chapter does not apply to any insurance company or insurance companies affiliated under the same management and control authorized to do business in this state which provide installment premium payments programs at no interest to policyholders or to an insurance producer licensed to do business in this state on policies written by the insurance producer or issued by the company or companies.   History: En. Sec. 13, Ch. 360, L. 1981; amd. Sec. 1, Ch. 713, L. 1989.
MT Code § 33-15-101 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 1. Scope and Definitions|33-15-101. Scope

  33-15-101. Scope. Parts 1 through 5 do not apply as to:   (1) reinsurance;   (2) policies or contracts not issued for delivery in this state or delivered in this state;   (3) ocean marine and foreign trade insurances;   (4) title insurance, except as to the following provisions: 33-15-102, 33-15-103, 33-15-303, 33-15-305, 33-15-306, 33-15-307, 33-15-316, and 33-15-411.   History: En. Sec. 258, Ch. 286, L. 1959; R.C.M. 1947, 40-3701; amd. Sec. 17, Ch. 303, L. 1981.
MT Code § 33-15-102 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 1. Scope and Definitions|33-15-102. Definitions

  33-15-102. Definitions. (1) "Policy" means the written contract of or written agreement for or effecting insurance, by whatever name called, and includes all clauses, riders, endorsements, and papers attached thereto and a part thereof.   (2) "Premium" is the consideration for insurance, by whatever name called. Any assessment or membership, policy, survey, inspection, service, or similar fee or charge in consideration for an insurance contract is deemed part of the premium.   History: En. Secs. 259, 260, Ch. 286, L. 1959; R.C.M. 1947, 40-3702, 40-3703.
MT Code § 33-15-103 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 1. Scope and Definitions|33-15-103. Power to contract -- purchase of insurance by minors

  33-15-103. Power to contract -- purchase of insurance by minors. (1) Any person of competent legal capacity may contract for insurance.   (2) Any minor 15 years of age or older, as determined by the nearest birthday, may contract for annuities and for insurance upon the minor's own life, body, health, property, liabilities, or other interests or on the person of another in whom the minor has an insurable interest. The minor must be considered competent to exercise all rights and powers with respect to or under any contract for annuity or for insurance upon the minor's own life, body, or health or any contract the minor effected upon the minor's own property, liabilities, or other interests or on the person of another as might be exercised by a person of full legal age and may at any time surrender the minor's interest in any contracts and give valid discharge for any benefit accruing or money payable under the contracts. The minor may not, by reason of minority, be entitled to rescind, avoid, or repudiate the contract or to rescind, avoid, or repudiate any exercise of a right or privilege under the contract, except that the minor, not otherwise emancipated, may not be bound by any unperformed agreement to pay by promissory note or otherwise any premium on any annuity or insurance contract.   (3) If any minor mentioned in subsection (2) is possessed of an estate that is being administered by a guardian, the contract is not binding upon the estate as to payment of premiums except when consented to by the guardian and approved by the district court of the county in which the administration of the estate is pending, and the consent and approval is required for each annual premium payment.   (4) Any annuity contract or policy of life or disability insurance procured by or for a minor under subsection (2) must be made payable either to the minor, to the minor's estate, or to a person having an insurable interest in the life of the minor under 33-15-201.   History: En. Sec. 267, Ch. 286, L. 1959; R.C.M. 1947, 40-3710; amd. Sec. 147, Ch. 575, L. 1981; amd. Sec. 1184, Ch. 56, L. 2009.
MT Code § 33-15-201 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 2. Insurable Interests|33-15-201. Restrictions on contracting for personal insurance -- insurable interests -- violation

  33-15-201. Restrictions on contracting for personal insurance -- insurable interests -- violation. (1) Any individual of competent legal capacity may procure or effect an insurance contract upon the individual's own life or body for the benefit of any person. However, a person may not procure or cause to be procured any insurance contract upon the life or body of another individual unless the benefits under the contract are payable to the individual insured, to the individual's personal representatives, or to a person having, at the time when the contract was made, an insurable interest in the individual insured.   (2) If the beneficiary, assignee, or other payee under any contract made in violation of this section receives from the insurer any benefits under the contract accruing upon the death, disablement, or injury of the individual insured, the individual insured or the individual's personal representative may maintain an action to recover the benefits from the person receiving them.   (3) "Insurable interest" with reference to personal insurance includes only interests as follows:   (a) in the case of individuals related closely by blood or by law, a substantial interest engendered by love and affection;   (b) in the case of other persons, a lawful and substantial economic interest in having the life, health, or bodily safety of the individual insured continue, as distinguished from an interest that would arise only by or would be enhanced in value by the death, disablement, or injury of the individual insured.   (4) An individual who is a party to a contract or option for the purchase or sale of an interest in a business partnership or firm or of shares of stock of a closed corporation or of an interest in the shares has an insurable interest in the life of each individual party to the contract and for the purposes of the contract only in addition to any insurable interest that may otherwise exist as to the life of the individual.   (5) A charitable institution has an insurable interest in an individual if:   (a) the individual authorizes the charitable institution to purchase insurance naming the charitable institution as an irrevocable beneficiary; and   (b) the insurance is purchased with contributions made by the individual.   History: En. Sec. 261, Ch. 286, L. 1959; R.C.M. 1947, 40-3704; amd. Sec. 148, Ch. 575, L. 1981; amd. Sec. 3, Ch. 670, L. 1991; amd. Sec. 1185, Ch. 56, L. 2009.
MT Code § 33-15-202 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 2. Insurable Interests|33-15-202. through 33-15-204 reserved

  33-15-202 through 33-15-204 reserved.
MT Code § 33-15-205 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 2. Insurable Interests|33-15-205. Restrictions on property insurance -- interest

  33-15-205. Restrictions on property insurance -- interest. (1) No contract of insurance of property or of any interest in property or arising from property shall be enforceable as to the insurance except for the benefit of persons having an insurable interest in the things insured as at the time of the loss.   (2) "Insurable interest" as used in this section means any actual, lawful, and substantial economic interest in the safety or preservation of the subject of the insurance free from loss, destruction, or pecuniary damage or impairment.   (3) The measure of an insurable interest in property is the extent to which the insured might be damnified by loss, injury, or impairment thereof.   History: En. Sec. 262, Ch. 286, L. 1959; R.C.M. 1947, 40-3705.
MT Code § 33-15-206 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 2. Insurable Interests|33-15-206. Interest of named insured -- change of interest on death -- transfer

  33-15-206. Interest of named insured -- change of interest on death -- transfer. (1) When the name of the person insured is specified in a policy insuring property, the insurance can be applied only to the person's own proper interest.   (2) A change of interest, by will or succession, on the death of the insured does not avoid an insurance of property, and the insurance passes to the person taking the insured's interest in the thing insured.   (3) A transfer of interest by one of several partners, joint owners, or owners in common, who are jointly insured, to the others does not avoid an insurance of property even though it has been agreed that the insurance must cease upon an alienation of the thing insured.   History: En. Secs. 263, 264, 265, Ch. 286, L. 1959; R.C.M. 1947, 40-3706, 40-3707, 40-3708; amd. Sec. 1186, Ch. 56, L. 2009.
MT Code § 33-15-207 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 2. Insurable Interests|33-15-207. Insurance without interest or of wager -- void

  33-15-207. Insurance without interest or of wager -- void. (1) Every stipulation in a policy of insurance of property for the payment of loss without regard to absence of an insurable interest in such property on the part of the insured or that the policy shall be received as proof of such interest is void.   (2) Every policy executed by way of gaming or wagering is void.   History: En. Sec. 266, Ch. 286, L. 1959; R.C.M. 1947, 40-3709.
MT Code § 33-15-301 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-301. Requiring standard provisions -- waiver

  33-15-301. Requiring standard provisions -- waiver. (1) Insurance contracts must contain the standard or uniform provisions and benefits required by the applicable provisions of this code pertaining to contracts of particular kinds of insurance. The commissioner may waive a particular provision in a particular insurance policy form if:   (a) the commissioner finds the provision or benefit unnecessary for the protection of the insured and inconsistent with the purposes of the policy; and   (b) the policy is otherwise approved by the commissioner.   (2) A policy or certificate may not contain any provision or benefit inconsistent with or contradictory to any standard or uniform provision or benefit used or required to be used, but the commissioner may approve any substitute provision or benefit that is, in the commissioner's opinion, not less favorable in any particular to the insured or beneficiary than the provisions otherwise required.   (3) In lieu of the provisions required by this code for contracts for particular kinds of insurance, substantially similar provisions required by the law of the domicile of a foreign or alien insurer may be used when approved by the commissioner.   (4) A provision, if required to be contained in the policy, may not be waived by agreement between the insurer and any other person.   History: En. Sec. 273, Ch. 286, L. 1959; R.C.M. 1947, 40-3716; amd. Sec. 45, Ch. 379, L. 1995.
MT Code § 33-15-302 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-302. Policy must contain entire contract

  33-15-302. Policy must contain entire contract. The policy, when issued, shall contain the entire contract between the parties, and neither the insurer or any insurance producer or representative thereof nor any person insured thereunder shall make any agreement as to the insurance which is not plainly expressed in the policy. This provision shall not be deemed to prohibit the modification of a policy, after issuance, by written rider or endorsement duly issued by the insurer.   History: En. Sec. 274, Ch. 286, L. 1959; R.C.M. 1947, 40-3717; amd. Sec. 1, Ch. 713, L. 1989.
MT Code § 33-15-303 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-303. Contents of policies in general -- identification

  33-15-303. Contents of policies in general -- identification. (1) Each policy must specify:   (a) the names of the parties to the contract;   (b) the subject of the insurance;   (c) the risks insured against;   (d) the time when the insurance under the policy takes effect and the period during which the insurance is to continue;   (e) the premium;   (f) the conditions pertaining to the insurance.   (2) If under the policy the exact amount of premium is determinable only at stated intervals or termination of the contract, a statement of the basis and rates upon which the premium is to be determined and paid must be included.   (3) All policies and annuity contracts issued by insurers and the forms of policies and annuity contracts filed with the commissioner must have printed on the policy or annuity contract an appropriate designating letter or figure, combination of letters or figures, or terms identifying the respective forms of policies or contracts. Each form, including riders and endorsements, must be identified by a designating letter or figure placed in a lower, preferably left-hand, corner of the first page of the form. Whenever any change is made in any form, the designating letters, figures, or terms on the form must be correspondingly changed and the revision date must be noted next to the designating letters.   History: En. Sec. 275, Ch. 286, L. 1959; R.C.M. 1947, 40-3718; amd. Sec. 18, Ch. 303, L. 1981; amd. Sec. 18, Ch. 451, L. 1993; amd. Sec. 46, Ch. 379, L. 1995.
MT Code § 33-15-304 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-304. Permissible content

  33-15-304. Permissible content. A policy may contain additional provisions not inconsistent with this code and which are:   (1) required to be inserted by the laws of the insurer's domicile;   (2) necessary, on account of the manner in which the insurer is constituted or operated, in order to state the rights and obligations of the parties to the contract; or   (3) desired by the insurer and neither prohibited by law nor in conflict with any provisions required to be included therein.   History: En. Sec. 276, Ch. 286, L. 1959; R.C.M. 1947, 40-3719.
MT Code § 33-15-305 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-305. Prohibited content -- charter or bylaws

  33-15-305. Prohibited content -- charter or bylaws. No policy shall contain any provision purporting to make any portion of the charter, bylaws, or other constituent document of the insurer, other than the subscribers' agreement or power of attorney of a reciprocal insurer, a part of the contract unless such portion is set forth in full in the policy. Any policy provision in violation of this section shall be invalid.   History: En. Sec. 277, Ch. 286, L. 1959; R.C.M. 1947, 40-3720.
MT Code § 33-15-306 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-306. Execution of policies -- facsimile signature

  33-15-306. Execution of policies -- facsimile signature. (1) Every insurance policy shall be executed in the name of and on behalf of the insurer by its officer, attorney-in-fact, employee, or representative duly authorized by the insurer.   (2) A facsimile signature of any such executing individual may be used in lieu of an original signature.   (3) No insurance contract heretofore or hereafter issued and which is otherwise valid shall be rendered invalid by reason of the apparent execution thereof on behalf of the insurer by the imprinted facsimile signature of an individual not authorized so to execute as of the date of the policy.   History: En. Sec. 278, Ch. 286, L. 1959; R.C.M. 1947, 40-3721.
MT Code § 33-15-307 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-307. Underwriters' and combination policies

  33-15-307. Underwriters' and combination policies. (1) Two or more authorized insurers may jointly issue and shall be jointly and severally liable on an underwriters' policy bearing their names. Any one insurer may issue policies in the name of an underwriter's department, and such policy shall plainly show the true name of the insurer.   (2) Two or more insurers may, with the approval of the commissioner, issue a combination policy which shall contain provisions substantially as follows:   (a) that the insurers executing the policy shall be severally liable for the full amount of any loss or damage, according to the terms of the policy, or for specified percentages or amounts thereof, aggregating the full amount of insurance under the policy; and   (b) that service of process or of any notice or proof of loss required by such policy, upon any of the insurers executing the policy, shall constitute service upon all such insurers.   (3) This section shall not apply to cosurety obligations.   History: En. Sec. 279, Ch. 286, Ch. 1959; R.C.M. 1947, 40-3722.
MT Code § 33-15-308 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-308. Explanation of charges

  33-15-308. Explanation of charges. An insurer, health service corporation, or health maintenance organization that issues policies, certificates, membership contracts, or subscriber contracts for delivery in this state on or after January 1, 2000, and that limits payment of health care services based on standards described as usual and customary, reasonable and customary, prevailing fee, allowable charges, a relative value schedule, or other comparable terms shall include, displayed in the schedule page or elsewhere in the policy, certificate, membership contract, or subscriber contract:   (1) a definition of the term or terms and an explanation of how the limitation of payment based on the term or terms is derived;   (2) if the standard of the term or terms is derived by the use of a database, a description of the database reasonably calculated to inform the insured or certificate holder of the method used to define the geographic or demographic area from which the data used to determine the term or terms is derived; and   (3) a statement informing the insured that the insured's health care provider may charge more than the limits established by the defined terms and that the additional charges may not be covered by the policy, certificate, membership contract, or subscriber contract.   History: En. Sec. 1, Ch. 173, L. 1995; amd. Sec. 1, Ch. 134, L. 1999.
MT Code § 33-15-309 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 15. The Insurance Contract|Part 3. Policy Provisions|33-15-309. through 33-15-314 reserved

  33-15-309 through 33-15-314 reserved.