Montana Code 33-15-401. Application required — life and disability insurance
33-15-401. Application required — life and disability insurance. No life or disability insurance contract upon an individual, except a contract of group life insurance or of group or blanket disability insurance, shall be made or effectuated unless at the time of the making of the contract the individual insured, being of competent legal capacity to contract, applies therefor or has consented thereto in writing, except in the following cases:
Terms Used In Montana Code 33-15-401
- Contract: A legal written agreement that becomes binding when signed.
- Dependent: A person dependent for support upon another.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Writing: includes printing. See Montana Code 1-1-203
(1)A spouse may effectuate such insurance upon the other spouse.
(2)Any person having an insurable interest in the life of a minor or any person upon whom a minor is dependent for support and maintenance may effectuate insurance upon the life of or pertaining to such minor.
(3)Family policies insuring any two or more members of a family may be issued on an application signed by either parent, a stepparent, or by a husband or wife.