§ 33-1-201 Definitions — insurance in general — general terms
§ 33-1-202 Definitions — entities
§ 33-1-205 Definitions of kinds of insurance not mutually exclusive
§ 33-1-206 Casualty insurance
§ 33-1-207 Disability insurance
§ 33-1-208 Life insurance
§ 33-1-209 Marine protection and indemnity and wet marine insurance
§ 33-1-210 Property insurance
§ 33-1-211 Surety insurance
§ 33-1-212 Title insurance
§ 33-1-213 Repealed
§ 33-1-214 Mechanical breakdown insurance
§ 33-1-215 Prepaid legal insurance
§ 33-1-216 Involuntary unemployment insurance
§ 33-1-217 Gap amount — gap insurance
§ 33-1-218 Credit insurances — definitions
§ 33-1-219 Mortgage insurances — definitions
§ 33-1-220 Rental car insurance
§ 33-1-221 Nationwide inland marine definition law
§ 33-1-222 Purpose
§ 33-1-223 Imports
§ 33-1-224 Exports
§ 33-1-225 Domestic shipments
§ 33-1-226 Instrumentalities of transportation and commerce
§ 33-1-227 Personal property
§ 33-1-228 Commercial property
§ 33-1-229 Exceptions
§ 33-1-235 Disability income insurance

Terms Used In Montana Code > Title 33 > Chapter 1 > Part 2 - Definitions and Insurance Coverages

  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Forgery: The fraudulent signing or alteration of another's name to an instrument such as a deed, mortgage, or check. The intent of the forgery is to deceive or defraud. Source: OCC
  • Fraud: Intentional deception resulting in injury to another.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Mortgage loan: A loan made by a lender to a borrower for the financing of real property. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Personal property: All property that is not real property.
  • Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
  • Property: means real and personal property. See Montana Code 1-1-205
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • 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
  • Trial: A hearing that takes place when the defendant pleads "not guilty" and witnesses are required to come to court to give evidence.
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Usual: means according to usage. See Montana Code 1-1-206
  • Vessel: when used in reference to shipping, includes ships of all kinds, steamboats and steamships, canal boats, and every structure adapted to be navigated from place to place. See Montana Code 1-1-207