reglab/housing_qa huggingface dataset:
MT Code § 33-21-102 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-102. Purpose and scope

  33-21-102. Purpose and scope. (1) The purpose of this chapter is to promote the public welfare by regulating credit life insurance and credit disability insurance. Nothing in this chapter is intended to prohibit or discourage reasonable competition. The provisions of this chapter shall be liberally construed.   (2) Except as provided in subsection (3), this chapter applies to each policy, certificate of insurance, notice of proposed insurance, binder, endorsement, and rider of life insurance and disability insurance delivered or issued for delivery in Montana in connection with loans or other credit transactions for personal, family, or household purposes.   (3) This chapter does not apply to life insurance or disability insurance delivered or issued for delivery in connection with:   (a) a loan or other credit transaction of more than 15 years' duration;   (b) a credit transaction that is:   (i) secured by a first mortgage or deed of trust; and   (ii) made to finance the purchase of real property or the construction of a dwelling thereon or to refinance a prior credit transaction made for that purpose; or   (c) a credit transaction that is an isolated transaction on the part of the insurer and that is not related to an agreement or a plan for insuring debtors of the creditor.   History: (1)En. Sec. 392, Ch. 286, L. 1959; Sec. 40-4201, R.C.M. 1947; (2)En. Sec. 394, Ch. 286, L. 1959; amd. Sec. 1, Ch. 31, L. 1969; amd. Sec. 1, Ch. 323, L. 1974; Sec. 40-4203, R.C.M. 1947; R.C.M. 1947, 40-4201, 40-4203; amd. Sec. 2, Ch. 617, L. 1985; amd. Sec. 2, Ch. 156, L. 1989.
MT Code § 33-21-103 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-103. Definitions

  33-21-103. Definitions. As used in this chapter, the following definitions apply:   (1) "Credit disability insurance" means insurance on a debtor or joint debtors to provide indemnity for payments becoming due on a specific loan or other credit transaction while the debtor or either of the joint debtors is disabled as defined in the policy.   (2) "Credit life insurance" means insurance on the life of a debtor or the lives of joint debtors pursuant to or in connection with a specific loan or other credit transaction.   (3) "Credit transaction" means a transaction by the terms of which, at a future date:   (a) repayment of money loaned is made;   (b) a loan commitment is made; or   (c) payment for goods, services, or property sold or leased is made.   (4) "Creditor" means:   (a) a lender of money or vendor or lessor of goods, services, property, rights, or privileges, for which payment is arranged through a credit transaction;   (b) any successor to the right, title, or interest of a lender, vendor, or lessor;   (c) an affiliate, associate, or subsidiary of a lender, vendor, or lessor;   (d) a director, officer, or employee of a lender, vendor, or lessor; or   (e) any other person in any way associated with a lender, vendor, or lessor.   (5) "Debtor" means a borrower of money or a purchaser or lessee of goods, services, property, rights, or privileges for which payment is arranged through a credit transaction.   (6) "Indebtedness" means the total amount payable by a debtor to a creditor in connection with a loan or other credit transaction.   (7) "Open-end credit" means credit extended by a creditor under an agreement in which:   (a) the creditor reasonably contemplates repeated transactions;   (b) the creditor imposes a finance charge from time to time on an outstanding unpaid balance; and   (c) the amount of credit that may be extended to the debtor during the term of the agreement (up to any limit set by the creditor) is generally made available to the extent that any outstanding balance is repaid.   History: En. Sec. 395, Ch. 286, L. 1959; R.C.M. 1947, 40-4204; amd. Sec. 3, Ch. 156, L. 1989; amd. Sec. 1, Ch. 179, L. 1993.
MT Code § 33-21-104 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-104. Existing insurance -- choice of insurer

  33-21-104. Existing insurance -- choice of insurer. When credit life insurance or credit disability insurance is required as additional security for an indebtedness, the debtor, upon request to the creditor, has the option of furnishing the required amount of insurance through existing policies of insurance owned or controlled by the debtor or of procuring and furnishing the required coverage through an insurer authorized to transact insurance within Montana.   History: En. Sec. 405, Ch. 286, L. 1959; R.C.M. 1947, 40-4214; amd. Sec. 4, Ch. 156, L. 1989; amd. Sec. 1216, Ch. 56, L. 2009.
MT Code § 33-21-105 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-105. Claims

  33-21-105. Claims. (1) A claim must be promptly reported to the insurer or its designated claim representative, and the insurer shall maintain adequate claim files. A claim must be settled as soon as possible and in accordance with the terms of the insurance contract.   (2) A claim must be paid either by draft drawn upon the insurer or by check of the insurer to the order of the claimant to whom payment of the claim is due pursuant to the policy provisions or upon direction of the claimant to one specified.   (3) No plan or arrangement may be used whereby a person, partnership, or corporation other than the insurer or its designated claim representative is authorized to settle or adjust claims. The creditor may not be designated as claim representative for the insurer in adjusting claims, except that a group policyholder may, by arrangement with the group insurer, draw drafts or checks in payment of claims due to the group policyholder subject to audit and review by the insurer.   History: En. Sec. 404, Ch. 286, L. 1959; R.C.M. 1947, 40-4213; amd. Sec. 5, Ch. 156, L. 1989.
MT Code § 33-21-106 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-106. through 33-21-110 reserved

  33-21-106 through 33-21-110 reserved.
MT Code § 33-21-111 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-111. Rules -- enforcement of chapter

  33-21-111. Rules -- enforcement of chapter. The commissioner may, after notice and hearing, adopt rules that the commissioner considers appropriate for the supervision of this chapter. Whenever the commissioner finds that there has been a violation of this chapter or any rules adopted pursuant to this chapter and after written notice and hearing given to the insurer or other person authorized or licensed by the commissioner, the commissioner shall set forth the details of the commissioner's findings together with an order for compliance by a specified date. The order is binding on the insurer and other person authorized or licensed by the commissioner on the date specified unless withdrawn by the commissioner or unless a stay has been ordered by a court of competent jurisdiction.   History: En. Sec. 406, Ch. 286, L. 1959; R.C.M. 1947, 40-4215; amd. Sec. 1217, Ch. 56, L. 2009.
MT Code § 33-21-112 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-112. Judicial review

  33-21-112. Judicial review. Any party to the proceeding affected by an order of the commissioner shall be entitled to judicial review by following the procedure set forth in 33-1-711.   History: En. Sec. 407, Ch. 286, L. 1959; R.C.M. 1947, 40-4216.
MT Code § 33-21-113 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 1. General Provisions|33-21-113. Penalties

  33-21-113. Penalties. In addition to any penalty provided by law, a person or business entity who violates an order of the commissioner after it has become final and while the order is in effect shall, upon proof of the violation to the satisfaction of a court, pay to the state of Montana a sum not to exceed $250 if the violation is found to be not willful. The sum may be recovered in a civil action. If the violation is found to be willful, the amount of the penalty may be in an amount not to exceed $1,000. The commissioner may revoke or suspend the license or certificate of authority of the person or business entity guilty of the violation. The order for suspension or revocation is subject to judicial review as provided in 33-1-711.   History: En. Sec. 408, Ch. 286, L. 1959; R.C.M. 1947, 40-4217; amd. Sec. 6, Ch. 156, L. 1989; amd. Sec. 1218, Ch. 56, L. 2009; amd. Sec. 22, Ch. 271, L. 2009.
MT Code § 33-21-201 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 2. Policy Requirements|33-21-201. Form of issuance

  33-21-201. Form of issuance. 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.   History: En. Sec. 396, Ch. 286, L. 1959; R.C.M. 1947, 40-4205; amd. Sec. 7, Ch. 156, L. 1989; amd. Sec. 2, Ch. 179, L. 1993.
MT Code § 33-21-202 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 2. Policy Requirements|33-21-202. Amount

  33-21-202. Amount. (1) The initial amount of credit life insurance may not exceed the total amount repayable under the contract of indebtedness. If an indebtedness is repayable in substantially equal installments, the amount of credit life insurance may not exceed the scheduled or actual amount of unpaid indebtedness on the date of death, whichever is greater. The amount of credit life insurance written in connection with:   (a) a credit transaction repayable over a term in excess of 63 months or, at the option of the insurer, for a shorter term may not exceed the actual amount of unpaid indebtedness on the date of death, excluding any:   (i) unearned interest or finance charges; and   (ii) delinquency or extension exceeding 4 months;   (b) an open-end credit agreement having a credit limit exceeding $10,000 may not exceed the plan's credit limit;   (c) an agricultural loan commitment not exceeding 1 year may not exceed the amount of the loan commitment on a nondecreasing or level term plan; and   (d) an education loan commitment may be for the amount of the portion of the commitment that has not been advanced by the creditor.   (2) The amount of periodic indemnity payable by credit disability insurance in the event of disability, as defined in the policy, may not exceed:   (a) the aggregate of the periodic scheduled unpaid installments of indebtedness; and   (b) the original indebtedness divided by the number of periodic installments.   (3) A group or individual credit disability insurance policy or a certificate that provides coverage for credit card indebtedness must provide a disability benefit during each credit card billing cycle throughout the term of coverage that, subject to any specified dollar amount limit defined in the policy or certificate, may not be less than the sum of the following amounts payable in the billing cycle and based on the insured balance on the date that an insured disability commences:   (a) the greater of:   (i) the minimum payment required by the creditor for the billing cycle, less any past-due payments and accelerated payments required for the overlimit usage of the credit card; or   (ii) the finance charge calculated pursuant to the credit card contract;   (b) all premiums charged for credit disability insurance coverage; and   (c) all other charges related to the insured balance as of the date the insured disability commences that are incurred in the billing cycle as a result of the insurer's delay in processing a claim payment.   History: En. Sec. 397, Ch. 286, L. 1959; amd. Sec. 2, Ch. 323, L. 1974; R.C.M. 1947, 40-4206; amd. Sec. 8, Ch. 156, L. 1989; amd. Sec. 1, Ch. 530, L. 1997.
MT Code § 33-21-203 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 2. Policy Requirements|33-21-203. Term

  33-21-203. Term. (1) The term of any credit life insurance or credit disability insurance commences, subject to acceptance by the insurer, on the date on which the debtor becomes obligated to the creditor. However, if a group policy provides coverage with respect to existing obligations, the insurance on a debtor with respect to the indebtedness commences on the effective date of the policy.   (2) When evidence of insurability is required and the evidence is furnished more than 30 days after the date on which the debtor becomes obligated to the creditor, the term of the insurance may commence on the date the insurer determines the evidence is satisfactory. In that event, the insurer shall make an appropriate refund or adjustment of any charge to the debtor for insurance.   (3) The term of the insurance may not extend more than 15 days beyond the scheduled maturity date of the indebtedness except when extended without additional cost to the debtor, but the term of the insurance may be less than the term of the credit transaction to provide modified or partial coverage or extend beyond the maturity date to provide coverage consistent with 33-21-202(1)(a).   (4) If the indebtedness is discharged due to renewal or refinancing prior to the scheduled maturity date, the insurance in force must be terminated before any new insurance may be issued in connection with the renewed or refinanced indebtedness. In all cases of termination prior to scheduled maturity, a refund must be paid or credited as provided in 33-21-206.   History: En. Sec. 398, Ch. 286, L. 1959; R.C.M. 1947, 40-4207; amd. Sec. 9, Ch. 156, L. 1989.
MT Code § 33-21-205 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 2. Policy Requirements|33-21-205. Filing, approval, and withdrawal of forms and rates -- disapproval

  33-21-205. Filing, approval, and withdrawal of forms and rates -- disapproval. (1) With respect to credit life insurance or credit disability insurance:   (a) a policy, certificate of insurance, notice of proposed insurance, application for insurance, binder, endorsement, or rider may not be delivered or issued for delivery in Montana unless it has been filed with and approved by the commissioner, in accordance with 33-1-501, and the regulatory official of the state in which it is issued; and   (b) a schedule of premium rates pertaining to a policy, certificate of insurance, notice of proposed insurance, application for insurance, binder, endorsement, or rider may not be used in Montana unless it has been filed with the commissioner.   (2) With respect to credit life insurance or credit disability insurance and in accordance with 33-1-501, the commissioner may disapprove a policy, certificate of insurance, notice of proposed insurance, application for insurance, binder, endorsement, or rider:   (a) for a reason listed in 33-1-502;   (b) if the table of premium rates charged or to be charged appears by reasonable assumptions to be excessive in relation to benefits; or   (c) if it contains provisions that are unjust, unfair, inequitable, misleading, deceptive, or encourage misrepresentation of the insurance.   (3) If the commissioner notifies the insurer that a form is disapproved, it is unlawful for the insurer to issue or use the form.   (4) An insurer may not issue or use a form after the commissioner withdraws approval of the form pursuant to 33-1-501. An order or final determination of the commissioner under this section is subject to judicial review.   History: En. Sec. 401, Ch. 286, L. 1959; R.C.M. 1947, 40-4210; amd. Sec. 11, Ch. 156, L. 1989.
MT Code § 33-21-206 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 2. Policy Requirements|33-21-206. Premiums and refunds

  33-21-206. Premiums and refunds. (1) Each insurer issuing credit life insurance or credit disability insurance shall file with the commissioner its schedules of premium rates for use in connection with such insurance. Any insurer may revise the schedules from time to time and shall file the revised schedules with the commissioner. No insurer may issue any credit life insurance policy or credit disability insurance policy for which the premium rate exceeds that determined by the schedules of such insurer as then on file with the commissioner. The commissioner may require the filing of the schedule of premium rates for use in connection with and as a part of the specific policy filings as provided by 33-21-205.   (2) Each individual policy, group certificate of insurance, or notice of proposed insurance of credit life insurance and credit disability insurance must provide that, if the insurance is terminated before the scheduled maturity date of the indebtedness, any refund of premium or amount paid by the debtor for insurance must be paid or credited promptly to the person entitled thereto; provided, however, that the commissioner shall prescribe a minimum refund and no refund which would be less than such minimum need be made. The formula to be used in computing refunds must be filed with and approved by the commissioner.   (3) If a creditor requires a debtor to make a payment in connection with credit life insurance or credit disability insurance and an individual policy or group certificate of insurance is not issued, the creditor shall immediately give written notice to the debtor and shall promptly make an appropriate credit to the account.   (4) The amount charged to a debtor for any credit life insurance or credit disability insurance may not exceed the premiums charged by the insurer, as computed at the time the charge to the debtor is determined.   (5) Nothing in this chapter may be construed to authorize any payments for insurance prohibited under a statute, or rule thereunder, governing credit transactions.   History: En. Sec. 402, Ch. 286, L. 1959; amd. Sec. 1, Ch. 113, L. 1967; R.C.M. 1947, 40-4211; amd. Sec. 12, Ch. 156, L. 1989.
MT Code § 33-21-207 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 21. Credit Life and Disability Insurance|Part 2. Policy Requirements|33-21-207. Issuance of policies

  33-21-207. Issuance of policies. Each policy, certificate of insurance, or notice of proposed insurance of credit life insurance and credit disability insurance must be delivered or issued for delivery in Montana only by an insurer authorized to transact insurance in Montana and must, except as provided in 33-17-103, be issued only through a licensed insurance producer.   History: En. Sec. 403, Ch. 286, L. 1959; R.C.M. 1947, 40-4212; amd. Sec. 13, Ch. 156, L. 1989; amd. Sec. 37, Ch. 16, L. 1991.
MT Code § 33-22-101 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 22. Disability Insurance|Part 1. General Provisions|33-22-101. Exceptions to scope

  33-22-101. Exceptions to scope. (1) Subject to subsection (2), parts 1 through 4 of this chapter, except 33-22-107, 33-22-110, 33-22-111, 33-22-114, 33-22-125, 33-22-129, 33-22-130 through 33-22-136, 33-22-138, 33-22-140, 33-22-141, 33-22-142, 33-22-153, 33-22-243, and 33-22-304, and part 19 of this chapter do not apply to or affect:  (a) any policy of liability or workers' compensation insurance with or without supplementary expense coverage;   (b) any group or blanket policy;   (c) life insurance, endowment, or annuity contracts or supplemental contracts that contain only those provisions relating to disability insurance that:   (i) provide additional benefits in case of death or dismemberment or loss of sight by accident or accidental means; or   (ii) operate to safeguard contracts against lapse or to give a special surrender value or special benefit or an annuity if the insured or annuitant becomes totally and permanently disabled as defined by the contract or supplemental contract;   (d) reinsurance.   (2) (a) Sections 33-22-137, 33-22-150 through 33-22-152, 33-22-170 through 33-22-177, 33-22-180, and 33-22-301 apply to group or blanket policies.   (b) Title 33, chapter 2, part 24,and 33-22-170 through 33-22-177 apply to workers' compensation policies.   History: En. Sec. 351, Ch. 286, L. 1959; R.C.M. 1947, 40-4001; amd. Sec. 26, Ch. 451, L. 1993; amd. Sec. 4, Ch. 527, L. 1995; amd. Sec. 9, Ch. 198, L. 1997; amd. Sec. 4, Ch. 410, L. 1997; amd. Sec. 3, Ch. 416, L. 1997; amd. Sec. 2, Ch. 178, L. 1999; amd. Sec. 40, Ch. 472, L. 1999; amd. Sec. 37, Ch. 380, L. 2003; amd. Sec. 3, Ch. 290, L. 2005; amd. Sec. 26, Ch. 469, L. 2005; amd. Sec. 4, Ch. 356, L. 2007; amd. Sec. 23, Ch. 271, L. 2009; amd. Sec. 3, Ch. 97, L. 2013; amd. Sec. 2, Ch. 164, L. 2013; amd. Sec. 4, Ch. 88, L. 2019; amd. Sec. 2, Ch. 215, L. 2019; amd. Sec. 14, Ch. 501, L. 2021.
MT Code § 33-22-102 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 22. Disability Insurance|Part 1. General Provisions|33-22-102. Third-party ownership

  33-22-102. Third-party ownership. The word "insured", as used in parts 1 through 4 of this chapter, shall not be construed as preventing a person other than the insured with a proper insurable interest from making application for and owning a policy covering the insured or from being entitled under such a policy to any indemnities, benefits, and rights provided therein.   History: En. Sec. 379, Ch. 286, L. 1959; R.C.M. 1947, 40-4029.
MT Code § 33-22-103 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 22. Disability Insurance|Part 1. General Provisions|33-22-103. Repealed

  33-22-103. Repealed. Sec. 24, Ch. 227, L. 2011.   History: En. Sec. 384, Ch. 286, L. 1959; R.C.M. 1947, 40-4034.
MT Code § 33-22-104 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 22. Disability Insurance|Part 1. General Provisions|33-22-104. through 33-22-106 reserved

  33-22-104 through 33-22-106 reserved.