Montana Code 33-4-508. Application for insurance
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33-4-508. Application for insurance. A person desiring insurance shall make written application to the insurer. If the insurer is transacting business on the assessment plan, the applicant shall at the time of application give the applicant’s obligation to the insurer for the payment of losses and expenses as provided in the insurer’s bylaws and make advance payment in cash as the insurer may require.
Terms Used In Montana Code 33-4-508
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201