Senate Bill No. [insert bill number] aims to revise insurance laws concerning the nonrenewal and cancellation of insurance policies in Montana. Key changes include extending the notice period for cancellation or nonrenewal from 45 days to 90 days, requiring insurers to provide specific reasons for nonrenewal, and allowing insured individuals the opportunity to address issues leading to nonrenewal within the notice timeframe. The bill amends several sections of the Montana Code Annotated (MCA), including 33-15-1104, 33-15-1105, and 33-23-401, among others, to incorporate these changes.

Additionally, the bill stipulates that insurers must consider any curative actions taken by the insured in response to the nonrenewal notice. It also clarifies that inquiries about coverage cannot be used as a basis for declining or not renewing a policy. The legislation aims to enhance transparency and fairness in the insurance process, ensuring that policyholders are adequately informed and have the opportunity to rectify issues before their policies are canceled or not renewed.

Statutes affected:
LC Text: 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(1): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(10): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(11): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(12): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(2): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(3): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(4): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(5): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(6): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(7): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(8): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1(9): 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401
SB0530_1: 33-15-1104, 33-15-1105, 33-15-1106, 33-15-1107, 33-23-212, 33-23-213, 33-23-214, 33-23-401