Montana Code 33-22-311. Overinsurance
33-22-311. Overinsurance. The carrier is not required to issue a converted policy if at the time of application the applicant:
Terms Used In Montana Code 33-22-311
- 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
- Statute: A law passed by a legislature.
(1)(a) has coverage under other disability insurance policies, health service corporation contracts, or self-insured health benefit plans providing similar benefits;
(b)is eligible for coverage under a group policy or contract providing similar benefits;
(c)is provided with similar benefits required by any statute; or
(d)is covered under any national, state, or governmental plan; and
(2)has coverage under subsection (1) that, together with the converted policy, would result in overinsurance according to the carrier’s underwriting standards.