Exams / Montana Life Insurance License / Mont. Code Ann. §33-20-1203
Mont. Code Ann. §33-20-1203 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 2 exams including the Montana Life Insurance License.
The text
33-20-1203. Incontestability. The group life insurance policy and certificate must contain a provision that the validity of the policy may not be contested, except for nonpayment of premium, after it has been in force for 2 years from its date of issue and that a statement made by any person insured under the policy relating to the person's insurability may not be used in contesting the validity of the insurance with respect to which the statement was made after the insurance has been in force prior to the contest for a period of 2 years during the person's lifetime or unless it is contained in a written instrument signed by the person. History: En. Sec. 339, Ch. 286, L. 1959; R.C.M. 1947, 40-3912; amd. Sec. 29, Ch. 380, L. 2003. Disclaimer: The Internet version of the Montana Code Annotated is provided as a research tool to users of the Code. In case of inconsistencies resulting from omissions or other errors, the printed version will prevail.
Public record. Read the full, current section at the official source: mca.legmt.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Montana law, the incontestability provision for a group life insurance policy requires that a statement made by an insured person may NOT be used to contest the insurance after 2 years unless it meets what condition?
drill Montana Statutes and Rules Pertinent to Life Insurance and Annuities Only → - Under Montana's §33-20-1203, a statement made by a person insured under a group life policy relating to insurability may NOT be used to contest the insurance after 2 years unless the statement meets which condition?
drill Montana Statutes and Rules Pertinent to Life Insurance and Annuities Only →