33-15-324. Application -- exceptions.
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/mt/title-33/chapter-15/part-3/33-15-324·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-15-324 . Application -- exceptions.
(1)Sections 33-15-321 through 33-15-329 apply to all policies delivered or issued for delivery in this state by any company on or after the date such forms must be approved under 33-15-321 through 33-15-329 , but nothing in 33-15-321 through 33-15-329 applies to:
(a)a policy which is a security subject to federal jurisdiction;
(b)a group policy covering a group of 1,000 or more lives at date of issue, other than a group credit life insurance policy or a group credit disability insurance policy, but a certificate issued pursuant to a group policy delivered or issued for delivery in this state is not exempt;
(c)a group annuity contract which serves as a funding vehicle for pension, profit-sharing, or deferred compensation plans;
(d)a form used in connection with, as a conversion from, as an addition to, or in exchange pursuant to a contractual provision for a policy delivered or issued for delivery on a form approved or permitted to be issued prior to the dates such forms must be approved under 33-15-321 through 33-15-329 ; or
(e)the renewal of a policy delivered or issued for delivery prior to the dates such forms must be approved under 33-15-321 through 33-15-329 .
(2)Sections 33-15-321 through 33-15-329 provide the exclusive manner for determining language simplification standards for any policy forms.
(3)A non-English language policy delivered or issued for delivery in this state is in compliance with 33-15-325 (1)(a) if the insurer certifies that the policy is translated from an English language policy which complies with 33-15-325 (1)(a).