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Montana State Car Insurance Legal Requirements

61-6-103. Motor vehicle liability policy minimum limits — other requirements.

In order to drive a car in Montana, you would be required to carry with yourself the liability coverage policy. There are certain requirements that are to be met before you can apply for insurance. Hence, the liability coverage must contain the following

1. A clear description about the vehicle for which the coverage has to be granted.
2. Insurance has to be carried out in the name of the person or the policy holder who would be driving the vehicle. This will prevent him/her from any liability that can arise when an unforeseen accident happens. The amount will be against the loss that can be imposed by the law for the damages caused against ownership, maintenance or use of vehicle in United States and Canada, which does not include the interest are

• $25,000 – amount that has to be bare by the driver who is the cause of an accident and caused injuries to a single person.
• $50,000 – includes injury or death of two persons in case of an accident.
• $10,000 – towards the damage to the property that is caused due to an accident.

The liability policy must include the name and the complete address of the insurer, the total amount for which he has the coverage, the premium which is being charged, the end date of the policy, renewal details and the limits stated according to the policy along with the agreement stating that the insurance has been provided under the policy with respect to bodily injuries or death or even property damages or both and is subject to provisions of the part.
Liability is not implied to any of the person belonging to a worker’s compensation law. Liability also does not work for bodily injuries or death of an employee of the insured person who was engaged with the insurer for employment.
The liability policy is also carried out under the following provisions which may not be included in the policy:

• The policy cannot be canceled or void according to the agreement between the insurance provider and the insurer after the incidence of an accident involving injuries or death of a person.
• Insurance providers cannot make the payment for the injuries or the damages from the statement provided by the insurer.
• Insurance providers have the right to settle any claims as stated according to the policy and the same amount is deductible from the liability limits.

The liability policy cannot be cancelled, terminated or made nonrenewal, increase the premium for the policy due to an accident that is caused by the insurer or operator unless the insurer or the operator is found to be the one who violated the traffic rules. The same is also not applicable if the insurer pays for the damages to a third party as a settlement. The premium cannot be increased by the insurance provide until there is alter in the exposure.
The liability requirements can be fulfilled with the help of different insurance carriers.

For more information:

http://data.opi.mt.gov/bills/mca/61/6/61-6-103.htm

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