Montana Code > Title 33 > Chapter 15 > Part 2 – Insurable Interests
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Montana Code > Title 33 > Chapter 15 > Part 2 - Insurable Interests
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Property: means real and personal property. See Montana Code 1-1-205
- Several: means two or more. See Montana Code 1-1-201