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Code · Montana · Title 33 — Insurance and Insurance Companies · Chapter 21 · Part 2

33-21-201. Form of issuance.

162 words·~1 min read·/mt/title-33/chapter-21/part-2/33-21-201·

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33-21-201 . Form of issuance. An insurer may deliver or issue for delivery credit life insurance and credit disability insurance only in the following forms:
(1)individual policies of life insurance issued to debtors on a term plan;
(2)individual policies of disability insurance issued to debtors on a term plan or disability benefit provisions in individual policies of credit life insurance;
(3)group policies of life insurance issued to creditors providing insurance on the lives of debtors on a term plan;
(4)group policies of disability insurance issued to creditors on a term plan insuring debtors or disability provisions in group credit life insurance policies to provide disability coverage;
(5)joint policies of life insurance issued to debtors providing insurance jointly on the lives of joint debtors on a term plan; or
(6)joint policies of disability insurance issued to debtors on a term plan insuring joint debtors or disability provisions in joint credit life insurance policies to provide disability coverage.
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