Montana Code > Title 33 > Chapter 15 > Part 4 – Application, Issuance, Renewal, Assignment, and Return


§ 33-15-401	Application required — life and disability insurance
§ 33-15-402	Application as evidence — copy to insured — alteration
§ 33-15-403	Representations in applications — benefit precluded and rescission allowed if fraudulent or material
§ 33-15-411	Binders for temporary insurance
§ 33-15-412	Delivery of policy
§ 33-15-413	Renewal by certificate
§ 33-15-414	Assignment
§ 33-15-415	Notice of right to return policy
§ 33-15-416	Dating of insurance applications — antedating prohibited

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Terms Used In Montana Code > Title 33 > Chapter 15 > Part 4 - Application, Issuance, Renewal, Assignment, and Return

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.
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.
Dependent: A person dependent for support upon another.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
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.
Mortgagee: The person to whom property is mortgaged and who has loaned the money.
Mortgagor: The person who pledges property to a creditor as collateral for a loan and who receives the money.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Property: means real and personal property. See Montana Code 1-1-205
Rescission: The cancellation of budget authority previously provided by Congress. The Impoundment Control Act of 1974 specifies that the President may propose to Congress that funds be rescinded. If both Houses have not approved a rescission proposal (by passing legislation) within 45 days of continuous session, any funds being withheld must be made available for obligation.
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