Montana § 33-20-1112 - Discretionary Groups
Full text of Montana Montana Code Annotated § 33-20-1112 — Discretionary Groups, with citation guidance and answers to common questions.
§ 33-20-1112. Discretionary Groups
Discretionary groups. (1) Subject to the requirements of this section, the lives of a group of individuals may be insured under a policy issued to a group other than one described in this part if the commissioner finds that: (a) the issuance of the policy is not contrary to the best interest of the public; (b) the issuance of the policy would result in economies of acquisition or administration; and (c) the benefits of the policy are reasonable in relation to the premiums charged. (2) Group life insurance coverage under this section may be offered in this state by an insurer under a policy issued in another state only if this state or another state that has requirements substantially similar to the requirements in subsection (1) has made a determination that the requirements of subsection (1) have been met. (3) The premium for a policy issued under this section must be paid either from the policyholder's funds, from funds contributed by the covered persons, or from both. (4) An insurer may exclude or limit the coverage on any individual if the evidence of the individual's insurability is not satisfactory to the insurer.
Frequently Asked Questions About Montana § 33-20-1112
What does Montana Code Annotated § 33-20-1112 cover?
Section 33-20-1112 ("Discretionary Groups") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 33-20-1112?
A common citation format is "Montana Code Annotated § 33-20-1112" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 33-20-1112 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.