Adopt pet insurance model act

This bill creates the Montana Pet Insurance Act to establish a legal framework for pet insurance sold to residents of the state. It directly affects pet insurers and pet owners by requiring clear disclosures about policy exclusions, waiting periods, deductibles, and premium adjustments based on claim history or pet age. The law defines key terms such as preexisting conditions, chronic conditions, and wellness programs to ensure consistent understanding across policies. Additionally, the bill grants the state authority to create rules governing pet insurance practices while maintaining existing insurance regulations.