HB464

Montana HB464 revises insurance laws to ensure continued coverage on property after the death of the insured.

Montana HB464 amends insurance laws to clarify that the death of a named insured does not void insurance coverage on real property. It ensures that insurance coverage continues to apply to the designated beneficiary identified in a transfer on death deed. The bill also specifies that a transfer of interest by one of several joint owners does not avoid insurance coverage. The changes apply to property owned by the transferor at death and are effective immediately upon passage and approval.