{"data":{"id":"us-mt/33-15-1103","jurisdiction":"us-mt","citation":"33-15-1103","heading":"Midterm cancellation.","body":"(1) An insurer may not cancel an insurance policy before either the expiration of the agreed term or 1 year from the effective date of the policy or renewal date, whichever is less, except:\n(a) for reasons specifically allowed by statute;\n(b) for failure to pay a premium when due; or\n(c) on grounds stated in the policy which pertain to the following:\n(i) material misrepresentation;\n(ii) substantial change in the risk assumed, except to the extent that the insurer should reasonably have foreseen the change or contemplated the risk when the contract was written;\n(iii) substantial breaches of contractual duties, conditions, or warranties;\n(iv) determination by the commissioner that continuation of the policy would place the insurer in violation of this code;\n(v) financial impairment of the insurer; or\n(vi) any other reason approved by the commissioner.\n(2) Except as provided in 33-23-401, cancellation under subsection (1) is not effective until 10 days after a notice of cancellation is either delivered or mailed to the insured.\n(3) Subsections (1) and (2) do not apply to a newly issued insurance policy if the policy has been in effect less than 60 days at the time the notice of cancellation is mailed or delivered. A cancellation under this subsection is not effective until 10 days after the notice is delivered or mailed to the insured.\n(4) If a policy has been issued for a term longer than 1 year and if either the premium is prepaid or an agreed term is guaranteed for additional premium consideration, the insurer may not cancel the policy except:\n(a) for reasons specifically allowed by statute;\n(b) for failure to pay a premium when due; or\n(c) on grounds stated in the policy which pertain to those grounds listed in subsection (1)(c).","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 15. THE INSURANCE CONTRACT","Part 11. Property or Casualty Insurance -- Premium Changes, Cancellation, and Claim Information"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0150/part_0110/section_0030/0330-0150-0110-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:31Z","sha256":"bc44e5e59c6322b9b8b2602666b89d11530cfbda022e28236b8ef152ec492f6c","source_id":"us-mt","stale":false,"prev":"us-mt/33-15-1102","next":"us-mt/33-15-1104"},"notice":"GroundRules: Original legal text. Not legal advice."}