Senate Bill No. introduced by J. Morigeau aims to revise insurance laws concerning the nonrenewal and cancellation of insurance policies. The bill mandates that insurers provide a 90-day notice prior to the anniversary date for cancellation or nonrenewal, an increase from the previous 45-day requirement. Additionally, insurers are required to furnish the reasons for nonrenewal when notifying the insured, and the insured is granted the right to address any issues leading to nonrenewal within the notice timeframe. The bill also stipulates that insurers must consider any curative actions taken by the insured before finalizing the nonrenewal decision.

The bill amends several sections of the Montana Code Annotated (MCA), including provisions related to motor vehicle liability policies and homeowners' insurance. It emphasizes the importance of timely communication from insurers regarding policy changes, ensuring that insured individuals are adequately informed and have the opportunity to rectify any issues that may lead to nonrenewal. Overall, the legislation seeks to enhance consumer protection by providing clearer guidelines and more substantial notice periods for policyholders.

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(13): 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(14): 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(15): 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