Montana § 72-38-113 - Insurable Interest Of Trustee
Full text of Montana Montana Code Annotated § 72-38-113 — Insurable Interest Of Trustee, with citation guidance and answers to common questions.
§ 72-38-113. Insurable Interest Of Trustee
Insurable interest of trustee. (1) In this section, "settlor" means a person who executes a trust instrument. The term includes a person for which a fiduciary or agent is acting. (2) A trustee of a trust has an insurable interest in the life of an individual insured under a life insurance policy that is owned by the trustee of the trust acting in a fiduciary capacity or that designates the trust itself as the owner if, on the date the policy is issued: (a) the insured is: (i) a settlor of the trust; or (ii) an individual in whom a settlor of the trust has, or would have had if living at the time the policy was issued, an insurable interest; and (b) the life insurance proceeds are primarily for the benefit of one or more trust beneficiaries who have an insurable interest in the life of the insured as provided in 33-15-201 .
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 72-38-113
What does Montana Code Annotated § 72-38-113 cover?
Section 72-38-113 ("Insurable Interest Of Trustee") 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 § 72-38-113?
A common citation format is "Montana Code Annotated § 72-38-113" (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 § 72-38-113 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.