The Model Act

Overview

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.

Sections covered

• Mont. Code Ann. § 33-21-101Short title
• Mont. Code Ann. § 33-21-102Purpose and scope
• Mont. Code Ann. § 33-21-103Definitions
• Mont. Code Ann. § 33-21-104Existing insurance -- choice of insurer
• Mont. Code Ann. § 33-21-105Claims
• Mont. Code Ann. § 33-21-106through 33-21-110 reserved
• Mont. Code Ann. § 33-21-111Rules -- enforcement of chapter
• Mont. Code Ann. § 33-21-112Judicial review
• Mont. Code Ann. § 33-21-113Penalties
• Mont. Code Ann. § 33-21-201Form of issuance
• Mont. Code Ann. § 33-21-202Amount
• Mont. Code Ann. § 33-21-203Term
• Mont. Code Ann. § 33-21-204Policy or certificate delivered -- time of delivery -- provisions
• Mont. Code Ann. § 33-21-205Filing, approval, and withdrawal of forms and rates -- disapproval
• Mont. Code Ann. § 33-21-206Premiums and refunds
• Mont. Code Ann. § 33-21-207Issuance of policies