Montana Code 33-22-1117. Appropriate sale criteria
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33-22-1117. Appropriate sale criteria. (1) Appropriate sale criteria must be established and communicated to the consumer prior to the insurance company’s acceptance of a person‘s application for long-term care insurance.
Terms Used In Montana Code 33-22-1117
- Appropriate sale criteria: means the set of conditions that an insurance company is required to address with an applicant that help to determine whether or not a particular insurance policy or contract offered for sale is appropriate to the applicant. See Montana Code 33-22-1107
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Policy: means any policy, certificate, contract, membership contract, subscriber agreement, health care services agreement, rider, or endorsement delivered or issued for delivery in this state by an insurer, fraternal benefit society, health service corporation, prepaid health plan, health maintenance organization, or similar organization. See Montana Code 33-22-1107
(2)This section may not preclude the purchase of a long-term care insurance policy by a consumer.