reglab/housing_qa huggingface dataset:
MT Code § 33-4-415 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 4. Finance|33-4-415. Suit to collect for loss

  33-4-415. Suit to collect for loss. If the insurer fails to pay any insured loss when due, an action may be maintained against it to collect for such loss, but subject to 33-4-414 as to assessment plan insurers.   History: En. Sec. 519, Ch. 286, L. 1959; R.C.M. 1947, 40-4852.
MT Code § 33-4-501 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-501. Insuring powers in general

  33-4-501. Insuring powers in general. (1) In respect to property insurance as defined in 33-1-210, a farm mutual insurer shall insure against loss or damage by fire or other casualty only:   (a) rural dwellings and buildings, including the usual contents, farm livestock, machinery, vehicles, growing crops, and other forms of farm property owned by a member of the insurer or by the member's spouse;   (b) residential dwellings, appurtenant structures, and personal property owned by a member of the insurer or by the member's spouse;   (c) dwellings and related buildings designed for occupancy by not over four families, together with the usual contents;   (d) rural schoolhouses and buildings used in connection with the schoolhouse, rural community houses, rural churches, or other rural public buildings.   (2) A farm mutual insurer may insure against the liability risks provided in 33-1-206(1)(b):   (a) only to the extent of the limit of risks provided in 33-4-502(3); and   (b) if contingent liability exists, provided that every policy contains a statement that each member of the farm mutual insurer is subject to a contingent liability under 33-3-411.   History: En. Sec. 470, Ch. 286, L. 1959; R.C.M. 1947, 40-4803; amd. Sec. 2, Ch. 28, L. 1987; amd. Sec. 2, Ch. 334, L. 1993; amd. Sec. 1, Ch. 281, L. 1995; amd. Sec. 4, Ch. 228, L. 2001.
MT Code § 33-4-502 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-502. Limit of risk -- retention of liability

  33-4-502. Limit of risk -- retention of liability. (1) Except as provided in subsection (3), the maximum amount of insurance that an insurer may retain on a single risk, after deduction of applicable reinsurance, may not exceed the greater of 10% of the admitted assets of the insurer or $50,000.   (2) For the purposes of this section, a "single risk" as to insurance against fire and hazards other than windstorm, earthquake, or other catastrophic perils includes all properties insured by the same insurer that are reasonably susceptible to loss or damage from the same fire or the same occurrence of another hazard insured against.   (3) A farm mutual insurer:   (a) that insures any portion of a liability risk shall maintain a surplus of at least $50,000;   (b) that retains any portion of a liability risk shall obtain reinsurance on that liability insurance with an insurer that meets the criteria established in 33-4-503. A farm mutual insurer's retention on a single liability risk may not exceed the greater of 3% of admitted assets or $50,000.   (c) may not retain liability risk or risk resulting from insuring growing crops against loss or damage from hail or other hazards greater than the proportional share of each limit of liability in the following schedule:     Surplus as of the   Proportional Share of Each     Preceding December 31:   Limit of Liability Retained:     $1,000,000 or greater   15%     $800,000 to $999,999   12%     $600,000 to $799,999   9%     $400,000 to $599,999   6%     $200,000 to $399,999   3%     Under $200,000   0%     History: En. Sec. 471, Ch. 286, L. 1959; amd. Sec. 1, Ch. 259, L. 1967; amd. Sec. 1, Ch. 94, L. 1975; R.C.M. 1947, 40-4804; amd. Sec. 1, Ch. 319, L. 1979; amd. Sec. 1, Ch. 132, L. 1981; amd. Sec. 3, Ch. 28, L. 1987; amd. Sec. 3, Ch. 158, L. 1997; amd. Sec. 6, Ch. 271, L. 2009; amd. Sec. 3, Ch. 208, L. 2013.
MT Code § 33-4-503 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-503. Reinsurance

  33-4-503. Reinsurance. A farm mutual insurer may cede reinsurance to any other farm mutual insurer or insurers and to other authorized property insurers and reinsurers meeting the requirements of 33-2-1216 and may accept reinsurance from other farm mutual insurers.   History: En. Sec. 472, Ch. 286, L. 1959; R.C.M. 1947, 40-4805; amd. Sec. 8, Ch. 469, L. 2005; amd. Sec. 7, Ch. 271, L. 2009.
MT Code § 33-4-504 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-504. Cash premium or assessment plans

  33-4-504. Cash premium or assessment plans. (1) An insurer may transact business either on a cash premium plan or on an assessment plan, depending upon which plan is provided for in its articles of incorporation or bylaws.   (2) If transacting business on the cash premium plan, the insurer shall collect from each member a premium in cash in an amount that the insurer considers adequate to cover losses and expenses incurred during the term of the insurance.   (3) If transacting business on the assessment plan, the insurer shall principally depend for the payment of losses and expenses upon assessments from time to time levied upon members either before or after any losses or expenses have been incurred. This provision may not be construed as preventing any insurer from collecting from each member an initial amount that the insurer considers proper prior to or at the time of the effectuation of the member's insurance, and this provision may not be considered to prohibit the acquisition, accumulation, and maintenance of surplus or unallocated funds.   (4) An insurer transacting business on the cash premium plan may provide in its bylaws and policies for special assessment of its members if the cash premium charged is found by the insurer to be inadequate to pay in full losses and expenses currently incurred. The bylaws must provide a specific limitation on the amount that can be assessed in any one policy year, and the amount may not be less than one or more than six times the premium charged on each member's policy at the annual rate for a term of 1 year.   History: En. Sec. 473, Ch. 286, L. 1959; R.C.M. 1947, 40-4806; amd. Sec. 8, Ch. 271, L. 2009.
MT Code § 33-4-505 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-505. Certificate of authority required -- issuance -- continuation -- fee

  33-4-505. Certificate of authority required -- issuance -- continuation -- fee. (1) A farm mutual insurer may not insure any risk in this state unless it then holds a subsisting certificate of authority issued to it by the commissioner.   (2) Upon application, the commissioner shall issue a certificate of authority to every insurer qualified under this chapter.   (3) Every certificate of authority continues in force as long as the farm mutual insurer is entitled under this chapter and until suspended, revoked, or otherwise terminated; subject, however, to continuance of the certificate by the farm mutual insurer each year by payment before May 15 of the continuation fee of $10 if a county mutual insurer or $25 if a state mutual insurer, to be deposited by the commissioner with the state treasurer to the credit of the state general fund.   (4) If the farm mutual insurer does not continue its certificate of authority in accordance with subsection (3), its certificate of authority expires at midnight on May 31 next following its failure to continue it in force. The commissioner shall promptly notify a farm mutual insurer that has not continued its certificate of authority of the impending expiration of its certificate of authority.   (5) A certificate of authority is subject to suspension or revocation by the commissioner for violation of or noncompliance with any provision of this chapter or referred to in this chapter.   (6) The commissioner may reinstate a certificate of authority that a farm mutual insurer has inadvertently permitted to expire, after the farm mutual insurer has fully cured all failures that resulted in the expiration and upon payment by the farm mutual insurer of the current continuation fee as provided in subsection (3). If a certificate is not reinstated, the commissioner may grant a farm mutual insurer another certificate of authority only after the farm mutual insurer files an application for a certificate of authority and meets all other requirements for an original certificate of authority in this state.   (7) The commissioner may amend a certificate of authority at any time to accord with changes in the farm mutual insurer's charter of insuring powers.   History: En. Sec. 483, Ch. 286, L. 1959; R.C.M. 1947, 40-4816; amd. Sec. 2, Ch. 327, L. 1987; amd. Sec. 7, Ch. 316, L. 1999.
MT Code § 33-4-506 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-506. Members -- minimum membership

  33-4-506. Members -- minimum membership. (1) A person may not become a member of a farm mutual insurer except by insuring property owned by the person insurable under this chapter.   (2) The membership of an insurer consists of the persons lawfully insuring in the insurer.   (3) The total membership of the insurer must at all times be not less than the number of persons required by 33-4-201 to incorporate an insurer.   History: En. Sec. 487, Ch. 286, L. 1959; R.C.M. 1947, 40-4820; amd. Sec. 1153, Ch. 56, L. 2009.
MT Code § 33-4-507 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-507. Withdrawal of member -- cancellation by insurer

  33-4-507. Withdrawal of member -- cancellation by insurer. (1) A member of an insurer may withdraw by surrendering the member's policy to the insurer for cancellation and paying all obligations then owed by the member to the insurer.   (2) The insurer may cancel the policy of any member for any cause considered adequate by the insurer and upon not less than 10 days' written notice in advance of cancellation delivered to the member or mailed to the member's last address of record on file with the insurer.   History: En. Sec. 493, Ch. 286, L. 1959; R.C.M. 1947, 40-4826; amd. Sec. 1154, Ch. 56, L. 2009.
MT Code § 33-4-508 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-508. Application for insurance

  33-4-508. Application for insurance. A person desiring insurance shall make written application to the insurer. If the insurer is transacting business on the assessment plan, the applicant shall at the time of application give the applicant's obligation to the insurer for the payment of losses and expenses as provided in the insurer's bylaws and make advance payment in cash as the insurer may require.   History: En. Sec. 510, Ch. 286, L. 1959; R.C.M. 1947, 40-4843; amd. Sec. 1155, Ch. 56, L. 2009.
MT Code § 33-4-509 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-509. Application and policy forms filed with commissioner

  33-4-509. Application and policy forms filed with commissioner. All forms of application for insurance and of policies proposed to be used by an insurer must be filed with the commissioner at least 30 days in advance of any use. The commissioner shall disapprove any form found by the commissioner to be unlawful, illegible, or misleading. An insurer may not use any form after it has received the commissioner's notice of disapproval setting forth the reasons for disapproval.   History: En. Sec. 511, Ch. 286, L. 1959; R.C.M. 1947, 40-4844; amd. Sec. 1156, Ch. 56, L. 2009.
MT Code § 33-4-510 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-510. Rates -- filing -- discrimination

  33-4-510. Rates -- filing -- discrimination. (1) A farm mutual insurer is not required to file any of its insurance rates with the commissioner. No such rate shall be unfairly discriminatory as between subjects of insurance covered for like perils under like policies and having substantially the same insuring, exposure, and underwriting characteristics.   (2) Notwithstanding any provision of subsection (1) or chapter 18, part 2, of this title, a farm mutual insurer transacting insurance under this chapter may refuse to renew a casualty or liability policy upon nonpayment of dues to the farm mutual insurer if payment of dues is a condition for obtaining or continuing such insurance.   History: En. Sec. 512, Ch. 286, L. 1959; R.C.M. 1947, 40-4845; amd. Sec. 1, Ch. 319, L. 1981.
MT Code § 33-4-511 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-511. Insurance of schools, community houses, and churches

  33-4-511. Insurance of schools, community houses, and churches. (1) A contract of insurance effected upon the property of any school district, rural community house, rural church, or rural public building pursuant to 33-4-501 does not constitute the school district or the owners of the community house, church, or public building a member of the insurer.   (2) A contract of insurance effected upon any rural school building, rural community house, rural church, or other rural public building referred to in 33-4-501(1)(d) is not invalid because the directors or any director or officer of the insurer at the time of effecting the insurance coverage was a trustee, director, insurance producer, custodian, or manager or in any way in control, supervision, or management of any or all of the property insured.   History: En. Sec. 513, Ch. 286, L. 1959; R.C.M. 1947, 40-4846; amd. Sec. 1, Ch. 713, L. 1989; amd. Sec. 144, Ch. 42, L. 1997.
MT Code § 33-4-512 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-512. through 33-4-520 reserved

  33-4-512 through 33-4-520 reserved.
MT Code § 33-4-521 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-521. Farm mutual insurers -- merger

  33-4-521. Farm mutual insurers -- merger. (1) A domestic farm mutual insurer may not merge or consolidate with a stock insurer.   (2) A domestic farm mutual insurer may merge or consolidate with another farm mutual insurer or another domestic mutual insurer if:   (a) the insurers transact similar lines of business;   (b) the insurers agree on a plan for merger or consolidation which must be submitted to all members of each insurer by ballot and approved by two-thirds of the members voting for each respective insurer; and   (c) after submitting the plan for review and opportunity for a hearing, the commissioner provides written approval or denial of the merger or consolidation within a reasonable time.   (3) After opportunity for a hearing in subsection (2), the commissioner may not approve the merger or consolidation if evidence shows that it:   (a) is inequitable to the policyholders of any domestic mutual insurer involved;   (b) would substantially reduce the security of and service to be rendered to policyholders of the domestic mutual insurer; or   (c) is contrary to law.   (4) Sections 33-3-217(5) and 33-3-218 also apply to mergers and consolidations of mutual insurers with farm mutual insurers.   (5) Upon merger or consolidation of a domestic farm mutual insurer with another domestic mutual insurer under this chapter, the corporate charter of the merged or consolidated domestic farm mutual insurer must automatically be extinguished and nullified.   History: En. Sec. 1, Ch. 184, L. 2015.
MT Code § 33-4-522 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 4. Farm Mutual Insurers|Part 5. Insurance Operations|33-4-522. Bulk reinsurance -- farm mutual insurers

  33-4-522. Bulk reinsurance -- farm mutual insurers. (1) A domestic farm mutual insurer may reinsure all or substantially all its business in force, or all or substantially all of a major class of its business, with another insurer, stock or mutual, by an agreement of bulk reinsurance after compliance with this section. An agreement may not become effective unless filed with the commissioner and approved by the commissioner in writing.   (2) The commissioner shall approve an agreement within a reasonable time after filing if the commissioner finds it to be fair and equitable to each domestic insurer involved and that the reinsurance if effectuated would not substantially reduce the protection or service to its policyholders. If the commissioner does not approve the agreement, the commissioner shall notify each insurer involved in writing specifying the reasons for disapproval.   (3) The plan and agreement for reinsurance must be approved by a quorum of the board of directors of each farm mutual insurer involved in the agreement.   History: En. Sec. 2, Ch. 184, L. 2015.
MT Code § 33-5-101 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 5. Reciprocal Insurers|Part 1. General Provisions|33-5-101. Scope of chapter -- existing insurers

  33-5-101. Scope of chapter -- existing insurers. (1) All authorized reciprocal insurers shall be governed by those sections of this chapter not expressly made applicable to domestic reciprocals.   (2) Existing authorized reciprocal insurers shall after January 1, 1961, comply with the provisions of this chapter and shall make such amendments to their subscribers' agreement, power of attorney, policies, and other documents and accounts and perform such other acts as may be required for such compliance.   History: En. Sec. 540, Ch. 286, L. 1959; R.C.M. 1947, 40-5003.
MT Code § 33-5-102 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 5. Reciprocal Insurers|Part 1. General Provisions|33-5-102. Definitions

  33-5-102. Definitions. (1) "Reciprocal insurance" is that resulting from an interexchange among persons, known as "subscribers", of reciprocal agreements of indemnity, the interexchange being effectuated through an attorney-in-fact common to all such persons.   (2) A "reciprocal insurer" means an unincorporated aggregation of subscribers operating individually and collectively through an attorney-in-fact to provide reciprocal insurance among themselves.   History: En. Secs. 538, 539, Ch. 286, L. 1959; R.C.M. 1947, 40-5001, 40-5002.
MT Code § 33-5-103 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 5. Reciprocal Insurers|Part 1. General Provisions|33-5-103. Name -- suits

  33-5-103. Name -- suits. A reciprocal insurer shall:   (1) have and use a business name. The name shall include the word "reciprocal", "interinsurer", "interinsurance", "exchange", "underwriters", or "underwriting".   (2) sue and be sued in its own name.   History: En. Sec. 542, Ch. 286, L. 1959; R.C.M. 1947, 40-5005.
MT Code § 33-5-104 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 5. Reciprocal Insurers|Part 1. General Provisions|33-5-104. Attorney -- not doing business

  33-5-104. Attorney -- not doing business. (1) "Attorney", as used in this chapter, refers to the attorney-in-fact of a reciprocal insurer. The attorney may be an individual, firm, or corporation.   (2) The attorney of a foreign or alien reciprocal insurer, which insurer is duly authorized to transact insurance in this state, shall not, by virtue of discharge of its duties as such attorney with respect to the insurer's transactions in this state, be thereby deemed to be doing business in this state within the meaning of any laws of this state applying to foreign firms or corporations.   History: En. Sec. 543, Ch. 286, L. 1959; R.C.M. 1947, 40-5006.
MT Code § 33-5-201 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 5. Reciprocal Insurers|Part 2. Formation|33-5-201. Organization of reciprocal insurer

  33-5-201. Organization of reciprocal insurer. (1) (a) Twenty-five or more persons domiciled in this state may organize a domestic reciprocal insurer and apply to the commissioner for a certificate of authority to transact insurance.   (b) Eight or more employers with a total of more than 500 employees may organize a domestic reciprocal insurer and apply to the commissioner for a certificate of authority to transact insurance for the purpose of providing workers' compensation coverage for their employees.   (2) The proposed attorney shall file with the commissioner when applying for a certificate of authority a declaration setting forth:   (a) the name of the insurer;   (b) the location of the insurer's principal office, which must be the same as that of the attorney and must be maintained within this state;   (c) the kinds of insurance proposed to be transacted, which in the case of a reciprocal insurer organized pursuant to subsection (1)(b) may only be workers' compensation coverage for employees;   (d) the names and addresses of the original subscribers;   (e) the designation and appointment of the proposed attorney and a copy of the power of attorney;   (f) the names and addresses of the officers and directors of the attorney, if a corporation, or its members, if a firm;   (g) the powers of the subscribers' advisory committee and the names and terms of office of the members of the committee;   (h) that all money paid to the reciprocal insurer must, after deducting any sum payable to the attorney, be held in the name of the insurer and for the purposes specified in the subscribers' agreement;   (i) a copy of the subscribers' agreement;   (j) a statement that each of the original subscribers has in good faith applied for insurance of a kind proposed to be transacted and that the insurer has received from each subscriber the full premium or premium deposit required for the policy applied for, for a term of not less than 6 months at an adequate rate filed with and approved by the commissioner;   (k) a statement of the financial condition of the insurer, a schedule of its assets, and a statement that the surplus as required by 33-5-401 is on hand; and   (l) a copy of each policy, endorsement, and application form proposed for issue or use.   (3) The declaration must be acknowledged by the attorney in the manner required for the acknowledgment of deeds.   History: En. Sec. 545, Ch. 286, L. 1959; R.C.M. 1947, 40-5008; amd. Sec. 15, Ch. 198, L. 1979; amd. Sec. 1, Ch. 500, L. 2003.
MT Code § 33-5-202 (2021)
2021 Montana Code Annotated|Title 33. Insurance and Insurance Companies|Chapter 5. Reciprocal Insurers|Part 2. Formation|33-5-202. Merger or conversion

  33-5-202. Merger or conversion. (1) A domestic reciprocal insurer, upon affirmative vote of not less than two-thirds of its subscribers who vote on a merger pursuant to due notice and the approval of the commissioner of the terms, may merge with another reciprocal insurer or be converted to a stock or mutual insurer.   (2) A stock or mutual insurer is subject to the same capital or surplus requirements and has the same rights as a similar domestic insurer transacting the same kinds of insurance.   (3) The commissioner may not approve any plan for merger or conversion that is inequitable to subscribers or that, if for conversion to a stock insurer, does not give each subscriber a preferential right to acquire stock of the proposed insurer proportionate to the subscriber's interest in the reciprocal insurer as determined in accordance with 33-5-411 and a reasonable length of time within which to exercise the right.   History: En. Sec. 564, Ch. 286, L. 1959; R.C.M. 1947, 40-5027; amd. Sec. 1157, Ch. 56, L. 2009.