Montana Code 33-15-323. Definitions
33-15-323. Definitions. As used in 33-15-321 through 33-15-329, the following definitions apply:
Terms Used In Montana Code 33-15-323
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)”Company” or “insurer” means any life or disability insurance company, fraternal benefit society, nonprofit health service corporation, nonprofit hospital service corporation, nonprofit medical service corporation, prepaid health plan, dental care plan, vision care plan, pharmaceutical plan, health maintenance organization, and all similar types of organizations.
(2)”Policy” or “policy form” means any:
(a)policy, contract, plan, or agreement of life or disability insurance, including credit life and credit disability insurance, delivered or issued for delivery in this state by any company subject to 33-15-321 through 33-15-329;
(b)certificate, contract, or policy issued by a fraternal benefit society; and
(c)certificate issued pursuant to a group insurance policy delivered or issued for delivery in this state.