Montana § 50-60-716 - Insurance Requirements
Full text of Montana Montana Code Annotated § 50-60-716 — Insurance Requirements, with citation guidance and answers to common questions.
§ 50-60-716. Insurance Requirements
Insurance requirements. (1) Each licensed elevator contractor and licensed elevator inspector shall provide the department with a certified copy of an insurance policy issued by an insurance company authorized to do business in this state that provides at least $1 million coverage for injury or death for any number of persons in any single occurrence and $500,000 for property damage in any single occurrence. (2) A licensed elevator contractor or licensed elevator inspector shall notify the department of any material policy alteration or policy cancellation within 10 days of receiving notice of the alteration or cancellation.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 50-60-716
What does Montana Code Annotated § 50-60-716 cover?
Section 50-60-716 ("Insurance Requirements") 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 § 50-60-716?
A common citation format is "Montana Code Annotated § 50-60-716" (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 § 50-60-716 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.