Bill > HB78

This bill establishes the Montana Pet Insurance Act, creating a comprehensive legal framework for pet insurance in the state. The legislation defines key terms such as preexisting conditions, chronic conditions, and pet insurance, and mandates specific disclosure requirements for insurers. Pet insurance companies must provide clear information to consumers about policy exclusions, waiting periods, claim payment methods, and potential limitations before policy purchase. The bill requires a 15-day "free look" period where consumers can return a policy for a full refund, and mandates that wellness programs be marketed separately from insurance policies. Insurance producers must complete a two-hour training program covering topics like preexisting conditions, policy differences, and administrative procedures before selling pet insurance. The bill prohibits waiting periods longer than 30 days for illnesses and orthopedic conditions, bans waiting periods for accidents, and allows insurers to waive waiting periods through a veterinary examination. Additionally, the legislation ensures that pet insurance policies cannot require veterinary examinations for policy renewals and that an insured's eligibility cannot be based on participation in a wellness program. Violations of the act will be subject to penalties outlined in existing state insurance regulations.

Business and Industry

https://bills.legmt.gov/#/laws/bill/20251/LC0107