Montana Code > Title 33 > Chapter 20 > Part 3 – Annuity Contract Provisions


§ 33-20-301	Standard provisions — annuity and pure endowment contracts
§ 33-20-302	Grace period
§ 33-20-303	Incontestability
§ 33-20-304	Entire contract
§ 33-20-305	Misstatement of age
§ 33-20-306	Dividends
§ 33-20-307	Reinstatement
§ 33-20-308	Annuity information
§ 33-20-309	Annuity penalty — 10-year prohibition

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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.
Contract: A legal written agreement that becomes binding when signed.
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.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
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