Montana Code 33-30-1015. Limitation of eligibility on conversion
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33-30-1015. Limitation of eligibility on conversion. A person who purchases a policy of insurance under 33-30-1007 ceases to be eligible for a conversion policy if the person insured by the policy:
Terms Used In Montana Code 33-30-1015
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(1)fails to pay the premium on the policy purchased under 33-30-1007; or
(2)enrolls under another major medical disability insurance policy or plan, except that the person may maintain the conversion policy during any waiting period established under any new disability insurance policy or plan that the insured person purchases.