Montana § 33-22-308 - Form Of Coverage -- Requirements -- Evidence Of Insurability -- Preexisting Conditions

§ 33-22-308. Form Of Coverage -- Requirements -- Evidence Of Insurability -- Preexisting Conditions

Form of coverage -- requirements -- evidence of insurability -- preexisting conditions. (1) Coverage continued through the issuance of a converted policy shall consist of the form of coverage then being offered by the carrier as a conversion policy in the jurisdiction where the person exercising the conversion right resides that most nearly approximates the coverage of the policy from which conversion is exercised. Continued and converted coverages, other than those provided through the exercise of continuation or conversion rights contained in optionally renewable or limited right of renewal contracts, must contain: (a) provisions allowing the person exercising the continuation or conversion the right to renew the coverage until the attainment of the age of eligibility for medicare or any other similar federal or state disability insurance program, subject to the right of the carrier to nonrenew all such policies in this state as a class; or (b) other renewal provisions that are not less favorable to the insured than those contained in the policy from which conversion is exercised. (2) Coverage provided through continuation or conversion may not require additional evidence of insurability except as to overinsurance and may not impose any preexisting condition limitations or other contractual time limitations other than those remaining unexpired under the policy or contract from which continuation or conversion is exercised.