§ 33-15-301 Requiring standard provisions — waiver
§ 33-15-302 Policy must contain entire contract
§ 33-15-303 Contents of policies in general — identification
§ 33-15-304 Permissible content
§ 33-15-305 Prohibited content — charter or bylaws
§ 33-15-306 Execution of policies — facsimile signature
§ 33-15-307 Underwriters’ and combination policies
§ 33-15-308 Explanation of charges
§ 33-15-315 Validity of noncomplying forms
§ 33-15-316 Construction of policies
§ 33-15-317 Insurance coverage of punitive damages
§ 33-15-318 Safety program requirement in workers’ compensation policies
§ 33-15-321 Life and disability insurance policy language simplification
§ 33-15-322 Purpose
§ 33-15-323 Definitions
§ 33-15-324 Application — exceptions
§ 33-15-325 Minimum policy language simplification standards
§ 33-15-326 Construction — time period
§ 33-15-327 Powers of the commissioner
§ 33-15-328 Approval of forms
§ 33-15-329 Applicability schedule
§ 33-15-333 Short title
§ 33-15-334 Purpose
§ 33-15-335 Definitions
§ 33-15-336 Applicability
§ 33-15-337 Minimum policy simplification standards
§ 33-15-338 Powers of commissioner
§ 33-15-339 Compliance with other statutorily required language
§ 33-15-340 Liability and coverage not imputed
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Terms Used In Montana Code > Title 33 > Chapter 15 > Part 3 - Policy Provisions

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • 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.
  • Customary: means according to usage. See Montana Code 1-1-206
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Property: means real and personal property. See Montana Code 1-1-205
  • Service of process: The service of writs or summonses to the appropriate party.
  • 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
  • Usual: means according to usage. See Montana Code 1-1-206
  • Writing: includes printing. See Montana Code 1-1-203