Montana Code 33-20-142. Contents of notice — proof — limitation on recovery — exemptions
33-20-142. Contents of notice — proof — limitation on recovery — exemptions. (1) (a) The notice of cancellation shall state:
Terms Used In Montana Code 33-20-142
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- 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
(i)the amount of the premium, installment, or interest due on such policy;
(ii)the place where it must be paid; and
(iii)the name and address of the person or company to which the premium is payable.
(b)The notice must also state that unless the premium or other sums are paid to the company or its insurance producer, the policy will lapse or be forfeited, except as to any nonforfeiture options provided for by a life insurance policy.
(2)”Policyowner”, as used in this section, means the owner of the policy or any other person designated as the person to receive premium notices, as shown by the records of the insurance company.
(3)The affidavit of any responsible officer, clerk, or insurance producer of the insurance company authorized to mail the notice that it is the standard practice of the company to mail to policyowners the notice required by this section is prima facie evidence that the notice has been duly given.
(4)No action may be maintained to recover under a lapsed or forfeited policy on the ground that the insurance company failed to comply with this section unless the action is instituted within 2 years from the due date upon which default was made in paying the premium, installment, or interest for which lapse or forfeiture is claimed.
(5)Section 33-20-141 does not apply to:
(a)group or group-type policies;
(b)industrial life or industrial disability policies; or
(c)policies upon which premiums are payable monthly or at more frequent intervals.