Montana Code 33-23-202. Reimbursement for total loss of motor vehicle based on actual replacement value
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33-23-202. Reimbursement for total loss of motor vehicle based on actual replacement value. Each motor vehicle insurance policy issued to residents of this state that provides that reimbursement for total loss of a motor vehicle be based on a “book” value rather than on the actual replacement value is void as to that provision, and reimbursement must be made for actual replacement value except as provided in 27-1-306.
Terms Used In Montana Code 33-23-202
- Motor vehicle: means a vehicle propelled by its own power and designed primarily to transport persons or property on the highways of the state. See Montana Code 33-23-204
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201