reglab/statecodes huggingface dataset:
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-602. Purpose of deposit

33-2-602. Purpose of deposit.
Such deposits shall be held for purposes as follows:
(1) Deposits made in this state under 33-2-111 shall be held for the purpose stated in such section.
(2) A deposit made in this state by a domestic insurer transacting insurance in another state, province, or country and as required by the laws of such other state, province, or country shall be held for the protection of all the insurer's policyholders or all its policyholders and creditors or for such other purpose or purposes as may be specified pursuant to such laws.
(3) Deposits of reserves made by domestic life insurers under 33-2-416 shall be held for the common benefit of all the holders of its life insurance policies and annuity contracts.
(4) Deposits required pursuant to the retaliatory law, 33-2-709, shall be held for such purposes as is required by such law and as specified by the commissioner's order requiring such deposit to be made.
History: En. Sec. 133, Ch. 286, L. 1959; R.C.M. 1947, 40-3202.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-603. Securities eligible for deposit

33-2-603. Securities eligible for deposit.
(1) All deposits required under 33-2-111 for authority to transact insurance in this state must consist of certificates of deposit or the following securities:
(a) United States or Canadian government bonds, notes, warrants, or other evidences of indebtedness that are direct obligations of the United States or of Canada or for which the full faith and credit of the United States or of Canada is pledged for the payment of principal and interest;
(b) state, county, municipal, and school bonds or other evidences of indebtedness that are general obligations of or are secured by a pledge of specific revenue of a state or of a province of Canada or of any of the counties, incorporated cities or towns, school districts, or other taxing districts in a state or province; and
(c) revenue bonds, notes, or other evidences of indebtedness of any state or province, political subdivision of a state or province or agency or instrumentality of a state or province that are payable from revenue or earnings specifically pledged for the payment of the principal and interest on the obligations and for the payment of which a lawful sinking fund or reserve fund has been established and is being maintained.
(2) All other deposits of a domestic insurer held in this state pursuant to the laws of another state, province, or country must be comprised of assets of the kinds described in subsection (1) and of additional kind or kinds of securities required or permitted by the laws of the state, province, or country except common stocks, mortgages of any kind, and real estate.
(3) Deposits of the reserves of a domestic life insurer must consist of securities and assets as provided under 33-2-416.
(4) Deposits of foreign insurers made in this state under the retaliatory law, 33-2-709, must consist of assets that are required by the commissioner pursuant to 33-2-709.
History: En. Sec. 134, Ch. 286, L. 1959; R.C.M. 1947, 40-3203; amd. Sec. 42, Ch. 304, L. 1999.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-604. Depositary or custodian

33-2-604. Depositary or custodian.
(1) Deposits made in this state under this code must be made through the office of the commissioner or under custodial arrangements as required or approved by the commissioner consistent with the purposes of the deposit. The deposit must be made with a bank or trust company located in the state of Montana and selected by the insurer with the commissioner's approval. The commissioner may, with good cause, withhold or withdraw approval.
(2) For convenience purposes, in the buying, selling, and exchange of securities comprising its deposit and in the collection of interest and other income currently accruing on the securities, the insurer may, with the commissioner's advance written approval, deposit the securities under custodial arrangements with an established bank or trust company located outside this state. Any receipts representing the securities that are issued by an out-of-state custodian bank or trust company are subject to the requirements of subsection (1).
(3) The form and terms of all depositary or custodial agreements must be as prescribed or approved by the commissioner, consistent with the applicable provisions of this code.
(4) The compensation and expenses of the depositary or custodian must be borne by the insurer.
History: En. Sec. 135, Ch. 286, L. 1959; R.C.M. 1947, 40-3204; amd. Sec. 3, Ch. 169, L. 2013.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-605. Record of deposits -- liability of commissioner and state

33-2-605. Record of deposits -- liability of commissioner and state.
(1) The commissioner shall give to the depositing insurer vouchers as to all assets and securities deposited by it in this state through the commissioner as provided in this code.
(2) The commissioner shall keep a record of the assets and securities comprising each deposit, showing as far as practical the amount and market value of each item, and all transactions relative to the deposits.
(3) The commissioner and the state of Montana do not have liability as to the safekeeping of any deposit by the depositary or custodian of the deposit.
History: (1), (2)En. Sec. 136, Ch. 286, L. 1959; Sec. 40-3205, R.C.M. 1947; (3)En. Sec. 137, Ch. 286, L. 1959; Sec. 40-3206, R.C.M. 1947; R.C.M. 1947, 40-3205, 40-3206; amd. Sec. 1086, Ch. 56, L. 2009.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-606. Assignment or conveyance of assets or securities

33-2-606. Assignment or conveyance of assets or securities.
All securities not negotiable by delivery and deposited under this code must be duly assigned to the commissioner. In the case of securities held under custodial arrangements outside this state pursuant to 33-2-604(2), the custodian's receipt for the securities must be delivered, if negotiable, or assigned to the commissioner if legal title to the securities is vested in the commissioner. The insurer shall transfer or convey to the commissioner all other assets deposited. Upon release to the insurer of any asset or security, the commissioner shall reassign or transfer or reconvey the asset or security to the insurer.
History: En. Sec. 138, Ch. 286, L. 1959; R.C.M. 1947, 40-3207; amd. Sec. 1087, Ch. 56, L. 2009; amd. Sec. 4, Ch. 169, L. 2013.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-607. Appraisal

33-2-607. Appraisal.
The commissioner may, prior to acceptance for deposit of any particular asset or security or at any later time while deposited, have the asset or security appraised or valued by competent appraisers. The reasonable costs of any appraisal or valuation must be borne by the insurer.
History: En. Sec. 139, Ch. 286, L. 1959; R.C.M. 1947, 40-3208; amd. Sec. 1088, Ch. 56, L. 2009.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-608. Rights of insurer during solvency

33-2-608. Rights of insurer during solvency.
So long as the insurer remains solvent and is in compliance with this code it may:
(1) demand, receive, sue for, and recover the income from the assets or securities deposited;
(2) exchange and substitute for the deposited assets or securities, or any part thereof, other eligible assets or securities of equivalent or greater value; and
(3) at any reasonable time inspect any such deposit.
History: En. Sec. 140, Ch. 286, L. 1959; R.C.M. 1947, 40-3209.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-609. Repealed

33-2-609. Repealed.
Sec. 24, Ch. 227, L. 2011.
History: En. Sec. 141, Ch. 286, L. 1959; R.C.M. 1947, 40-3210.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-610. Levy upon deposit

33-2-610. Levy upon deposit.
No judgment creditor or other claimant of an insurer shall have the right to levy upon any of the assets or securities held in this state as a deposit for the protection of the insurer's policyholders or policyholders and creditors. As to deposits pursuant to the retaliatory law, 33-2-709, levy thereupon shall be permitted if so provided in the commissioner's order under which the deposit is made.
History: En. Sec. 142, Ch. 286, L. 1959; R.C.M. 1947, 40-3211.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 6. Deposits › 33-2-611. Deficiency of deposit -- revocation of certificate

33-2-611. Deficiency of deposit -- revocation of certificate.
If for any reason the market value of assets and securities of an insurer held on deposit in this state or in another state under custodial arrangements authorized by 33-2-604(2) falls below the amount required under this code to be held, the insurer shall promptly deposit other or additional assets or securities eligible for deposit under this part and in an amount sufficient to cure the deficiency. If the insurer has failed to cure the deficiency within 20 days after receipt of notice of the deficiency by certified mail from the commissioner, the commissioner shall revoke the insurer's certificate of authority.
History: En. Sec. 143, Ch. 286, L. 1959; R.C.M. 1947, 40-3212; amd. Sec. 5, Ch. 169, L. 2013.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-704. Insured lives reporting requirement

33-2-704. Insured lives reporting requirement.
On or before March 1 of each year, each insurer providing disability insurance shall, on a form prescribed by the commissioner, report the number of Montana residents insured on February 1 under any policy of individual or group disability insurance, including excess of loss or stop-loss insurance policies covering disability insurance.
History: En. Sec. 11, Ch. 377, L. 1995; amd. Sec. 8, Ch. 531, L. 1997.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-706. Repealed

33-2-706. Repealed.
Sec. 73, Ch. 227, L. 2001.
History: En. Sec. 202, Ch. 286, L. 1959; amd. Sec. 1, Ch. 147, L. 1977; R.C.M. 1947, 40-3427; amd. Sec. 26, Ch. 537, L. 1987; amd. Sec. 2, Ch. 713, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-707. Preemption of taxing

33-2-707. Preemption of taxing.
The state of Montana hereby preempts the field of imposing excise, privilege, franchise, income, license, and similar taxes, licenses, and fees upon insurers and their general insurance producers and insurance producers as such and on the intangible property of insurers or such insurance producers. No county, city, municipality, district, school district, or other political subdivision or agency in Montana shall levy upon insurers, or upon their general insurance producers and insurance producers as such, any such tax, license, or fee additional to such as are levied by the legislature of Montana in this code.
History: En. Sec. 66, Ch. 286, L. 1959; amd. Sec. 1, Ch. 160, L. 1961; amd. Sec. 1, Ch. 78, L. 1963; amd. Sec. 1, Ch. 26, L. 1965; amd. Sec. 1, Ch. 71, L. 1967; amd. Sec. 1, Ch. 358, L. 1969; amd. Sec. 1, Ch. 237, L. 1971; R.C.M. 1947, 40-2821(6); amd. Sec. 1, Ch. 713, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-710. Premium tax imposed on policy issued through nonresident licensee

33-2-710. Premium tax imposed on policy issued through nonresident licensee.
Any insurer who issues a policy on a subject or risk located or to be performed in Montana through a nonresident licensee shall pay a premium tax on such policy to the state of Montana, in an amount and in the manner provided in 33-2-705.
History: En. Sec. 4, Ch. 395, L. 1983.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-712. Genetics program fee

33-2-712. Genetics program fee.
Except as provided in 33-2-713, for each Montana resident insured under any individual or group disability or health insurance policy on February 1 of each year, the insurer or health service corporation issuing the policy, and the state group health plan provided for in Title 2, chapter 18, part 8, shall pay a fee of $1 to the commissioner. The fee must be paid on or before March 1 of each year and be deposited in an account in the state special revenue fund provided for in 50-19-212. The fee may be used only to fund the statewide genetics program established in 50-19-211.
History: En. Sec. 1, Ch. 554, L. 1987; amd. Sec. 1, Ch. 155, L. 1989; amd. Sec. 1, Ch. 638, L. 1991; amd. Sec. 1, Ch. 396, L. 2005; amd. Sec. 1, Ch. 377, L. 2007.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-713. Group disability policy exemption

33-2-713. Group disability policy exemption.
The fee required in 33-2-712 does not apply to blanket group disability insurance as defined in Title 33, chapter 22, part 6, where the total premium charged per person is less than $10 a year. For these policies, the fee is to be assessed on the basis of the number of blanket group policyholders in Montana.
History: En. Sec. 2, Ch. 554, L. 1987.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-714. Health service corporation fee

33-2-714. (Temporary) Health service corporation fee.
(1) An authorized health service corporation as defined in 33-30-101 shall file with the commissioner, on or before March 1 of each year, a report in a format prescribed by the commissioner showing the total direct premium income during the preceding calendar year from all sources after deducting from the income applicable cancellations, returned premiums, or the amount of reduction in or refund of premiums.
(2) At the time the report is filed, and subject to 33-2-709, the health service corporation shall pay a fee to the commissioner on net premium income computed at the rate of 1%.
(3) If a health service corporation fails to pay the fee required under this section, the commissioner may:
(a) suspend or revoke the certificate of authority for the health service corporation; and
(b) impose a fine of $100 plus interest on the delinquent amount at an annual interest rate of 12%.
(4) The commissioner may provide by rule a quarterly schedule for the payment of the fee.
(5) The commissioner shall deposit money collected from the fee into the Montana HELP Act special revenue account provided for in 53-6-1315.
(6) The fee required under this section applies to a formerly authorized health service corporation if the corporation received premiums during the preceding calendar year while doing business as an authorized health service corporation in this state. (Terminates June 30, 2025, on occurrence of contingency--sec. 48, Ch. 415, L. 2019.)
History: En. Sec. 6, Ch. 415, L. 2019.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-721. Repealed

33-2-721. Repealed.
Sec. 44, Ch. 531, L. 1997.
History: En. Sec. 1, Ch. 615, L. 1979; amd. Sec. 1, Ch. 60, L. 1983.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-722. Repealed

33-2-722. Repealed.
Sec. 44, Ch. 531, L. 1997.
History: En. Sec. 2, Ch. 615, L. 1979.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-723. Repealed

33-2-723. Repealed.
Sec. 44, Ch. 531, L. 1997.
History: En. Sec. 3, Ch. 615, L. 1979; amd. Sec. 1, Ch. 713, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-724. Repealed

33-2-724. Repealed.
Sec. 64, Ch. 503, L. 2021.
History: En. Sec. 8, Ch. 582, L. 2003.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 7. Reports, Fees, and Taxes › 33-2-736. Terminated

33-2-736. Terminated.
Sec. 39(9), Ch. 15, Sp. L. July 1992.
History: En. Sec. 31, Ch. 15, Sp. L. July 1992.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-801. Repealed

33-2-801. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 98, Ch. 286, L. 1959; R.C.M. 1947, 40-3101.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-802. Repealed

33-2-802. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 99, Ch. 286, L. 1959; R.C.M. 1947, 40-3102.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-803. Repealed

33-2-803. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 100, Ch. 286, L. 1959; R.C.M. 1947, 40-3103; amd. Sec. 23, Ch. 379, L. 1995.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-804. Repealed

33-2-804. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 130, Ch. 286, L. 1959; R.C.M. 1947, 40-3133.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-805. Repealed

33-2-805. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 101, Ch. 286, L. 1959; R.C.M. 1947, 40-3104.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-806. Repealed

33-2-806. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 102, Ch. 286, L. 1959; R.C.M. 1947, 40-3105; amd. Sec. 4, Ch. 534, L. 1987; amd. Sec. 24, Ch. 379, L. 1995; amd. Sec. 9, Ch. 531, L. 1997.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-811. Repealed

33-2-811. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: (1)En. Sec. 103, Ch. 286, L. 1959; Sec. 40-3106, R.C.M. 1947; (2)En. Sec. 104, Ch. 286, L. 1959; Sec. 40-3107, R.C.M. 1947; R.C.M. 1947, 40-3106, 40-3107.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-812. Repealed

33-2-812. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 105, Ch. 286, L. 1959; R.C.M. 1947, 40-3108.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-813. Repealed

33-2-813. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 106, Ch. 286, L. 1959; R.C.M. 1947, 40-3109.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-814. Repealed

33-2-814. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 107, Ch. 286, L. 1959; R.C.M. 1947, 40-3110.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-815. Repealed

33-2-815. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 108, Ch. 286, L. 1959; R.C.M. 1947, 40-3111.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-816. Repealed

33-2-816. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 109, Ch. 286, L. 1959; R.C.M. 1947, 40-3112.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-817. Repealed

33-2-817. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 110, Ch. 286, L. 1959; R.C.M. 1947, 40-3113; amd. Sec. 1, Ch. 411, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-818. Repealed

33-2-818. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 111, Ch. 286, L. 1959; R.C.M. 1947, 40-3114.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-819. Repealed

33-2-819. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 112, Ch. 286, L. 1959; R.C.M. 1947, 40-3115.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-820. Repealed

33-2-820. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 113, Ch. 286, L. 1959; R.C.M. 1947, 40-3116; amd. Sec. 25, Ch. 379, L. 1995.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-821. Repealed

33-2-821. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 114, Ch. 286, L. 1959; R.C.M. 1947, 40-3117.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-822. Repealed

33-2-822. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 115, Ch. 286, L. 1959; R.C.M. 1947, 40-3118; amd. Sec. 3, Ch. 570, L. 1979.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-823. Repealed

33-2-823. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 116, Ch. 286, L. 1959; R.C.M. 1947, 40-3119.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-824. Repealed

33-2-824. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 117, Ch. 186, L. 1959; R.C.M. 1947, 40-3120.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-825. Repealed

33-2-825. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 118, Ch. 286, L. 1959; R.C.M. 1947, 40-3121.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-826. Repealed

33-2-826. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 119, Ch. 286, L. 1959; R.C.M. 1947, 40-3122.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-827. Repealed

33-2-827. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 120, Ch. 286, L. 1959; R.C.M. 1947, 40-3123; amd. Sec. 55, Ch. 10, L. 1993.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-828. Repealed

33-2-828. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 121, Ch. 286, L. 1959; R.C.M. 1947, 40-3124.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-829. Repealed

33-2-829. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 122, Ch. 286, L. 1959; R.C.M. 1947, 40-3125; amd. Sec. 1, Ch. 713, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-830. Repealed

33-2-830. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 123, Ch. 286, L. 1959; amd. Sec. 1, Ch. 20, L. 1961; R.C.M. 1947, 40-3126; amd. Sec. 4, Ch. 570, L. 1979; amd. Sec. 143, Ch. 42, L. 1997; amd. Sec. 1, Ch. 94, L. 1997.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-831. Repealed

33-2-831. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 124, Ch. 286, L. 1959; R.C.M. 1947, 40-3127.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-832. Repealed

33-2-832. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 125, Ch. 286, L. 1959; amd. Sec. 1, Ch. 16, L. 1961; R.C.M. 1947, 40-3128; amd. Sec. 5, Ch. 570, L. 1979.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-833. Repealed

33-2-833. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 1, Ch. 5, Ex. L. 1933; amd. Sec. 1, Ch. 37, L. 1935; re-en. Sec. 5309.35, R.C.M. 1935; amd. Sec. 1, Ch. 24, L. 1937; R.C.M. 1947, 35-142(part); amd. Sec. 11, Ch. 198, L. 1979.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-841. Repealed

33-2-841. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 126, Ch. 286, L. 1959; R.C.M. 1947, 40-3129.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-842. Repealed

33-2-842. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 127, Ch. 286, L. 1959; R.C.M. 1947, 40-3130.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-843. Repealed

33-2-843. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 128, Ch. 286, L. 1959; R.C.M. 1947, 40-3131.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-851. Repealed

33-2-851. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 129, Ch. 286, L. 1959; R.C.M. 1947, 40-3132; amd. Sec. 17, Ch. 519, L. 1985; amd. Sec. 3, Ch. 713, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 8. Investments (Repealed) › 33-2-852. Repealed

33-2-852. Repealed.
Sec. 50, Ch. 304, L. 1999.
History: En. Sec. 131, Ch. 286, L. 1959; R.C.M. 1947, 40-3134.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-901. Repealed

33-2-901. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 566, Ch. 286, L. 1959; R.C.M. 1947, 40-5101.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-902. Repealed

33-2-902. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 567, Ch. 286, L. 1959; R.C.M. 1947, 40-5102.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-903. Repealed

33-2-903. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 568, Ch. 286, L. 1959; R.C.M. 1947, 40-5103.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-904. Repealed

33-2-904. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 569, Ch. 286, L. 1959; R.C.M. 1947, 40-5104.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-905. Repealed

33-2-905. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 570, Ch. 286, L. 1959; R.C.M. 1947, 40-5105.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-906. Repealed

33-2-906. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 571, Ch. 286, L. 1959; R.C.M. 1947, 40-5106.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-907. Repealed

33-2-907. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 572, Ch. 286, L. 1959; R.C.M. 1947, 40-5107.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-908. Repealed

33-2-908. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 573, Ch. 286, L. 1959; R.C.M. 1947, 40-5108.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-909. Repealed

33-2-909. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 574, Ch. 286, L. 1959; R.C.M. 1947, 40-5109.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-915. Repealed

33-2-915. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 575, Ch. 286, L. 1959; R.C.M. 1947, 40-5110.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-916. Repealed

33-2-916. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 576, Ch. 286, L. 1959; R.C.M. 1947, 40-5111.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-917. Repealed

33-2-917. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 577, Ch. 286, L. 1959; R.C.M. 1947, 40-5112.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-918. Repealed

33-2-918. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 578, Ch. 286, L. 1959; R.C.M. 1947, 40-5113.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-921. Repealed

33-2-921. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 579, Ch. 286, L. 1959; R.C.M. 1947, 40-5114.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-922. Repealed

33-2-922. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 580, Ch. 286, L. 1959; R.C.M. 1947, 40-5115.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-923. Repealed

33-2-923. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 585, Ch. 286, L. 1959; R.C.M. 1947, 40-5120.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-924. Repealed

33-2-924. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 587, Ch. 286, L. 1959; R.C.M. 1947, 40-5122.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-925. Repealed

33-2-925. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 588, Ch. 286, L. 1959; R.C.M. 1947, 40-5123.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-926. Repealed

33-2-926. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 589, Ch. 286, L. 1959; R.C.M. 1947, 40-5124.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-927. Repealed

33-2-927. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 591, Ch. 286, L. 1959; R.C.M. 1947, 40-5126.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-928. Repealed

33-2-928. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 590, Ch. 286, L. 1959; R.C.M. 1947, 40-5125.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-931. Repealed

33-2-931. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 581, Ch. 286, L. 1959; R.C.M. 1947, 40-5116.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-932. Repealed

33-2-932. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 582, Ch. 286, L. 1959; R.C.M. 1947, 40-5117.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-933. Repealed

33-2-933. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 595, Ch. 286, L. 1959; R.C.M. 1947, 40-5130.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-934. Repealed

33-2-934. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 583, Ch. 286, L. 1959; R.C.M. 1947, 40-5118.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-935. Repealed

33-2-935. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 592, Ch. 286, L. 1959; amd. Sec. 1, Ch. 200, L. 1977; R.C.M. 1947, 40-5127(2).
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-936. Repealed

33-2-936. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 592, Ch. 286, L. 1959; amd. Sec. 1, Ch. 200, L. 1977; R.C.M. 1947, 40-5127(1).
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-937. Repealed

33-2-937. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 584, Ch. 286, L. 1959; R.C.M. 1947, 40-5119.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-938. Repealed

33-2-938. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 594, Ch. 286, L. 1959; R.C.M. 1947, 40-5129.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-939. Repealed

33-2-939. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 593, Ch. 286, L. 1959; R.C.M. 1947, 40-5128.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-945. Repealed

33-2-945. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 596, Ch. 286, L. 1959; R.C.M. 1947, 40-5131.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-946. Repealed

33-2-946. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 597, Ch. 286, L. 1959; R.C.M. 1947, 40-5132.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-947. Repealed

33-2-947. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. Sec. 598, Ch. 286, L. 1959; R.C.M. 1947, 40-5133.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 9. Rehabilitation and Liquidation (Repealed) › 33-2-948. Repealed

33-2-948. Repealed.
Sec. 61, Ch. 383, L. 1979.
History: En. 40-5134 by Sec. 2, Ch. 200, L. 1977; R.C.M. 1947, 40-5134.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1001. Repealed

33-2-1001. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 2, Ch. 269, L. 1967; R.C.M. 1947, 40-5502(part).
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1002. Repealed

33-2-1002. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 3, Ch. 269, L. 1967; R.C.M. 1947, 40-5503.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1003. Repealed

33-2-1003. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 4, Ch. 269, L. 1967; R.C.M. 1947, 40-5504.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1004. Repealed

33-2-1004. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 5, Ch. 269, L. 1967; R.C.M. 1947, 40-5505.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1005. Repealed

33-2-1005. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 6, Ch. 269, L. 1967; R.C.M. 1947, 40-5506.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1006. Repealed

33-2-1006. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 7, Ch. 269, L. 1967; R.C.M. 1947, 40-5507.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 10. Stock Transfers -- Holding Companies (Repealed) › 33-2-1007. Repealed

33-2-1007. Repealed.
Sec. 1, Ch. 239, L. 1979.
History: En. Sec. 8, Ch. 269, L. 1967; R.C.M. 1947, 40-5508.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment › 33-2-1102. Authorization of subsidiaries

33-2-1102. Authorization of subsidiaries.
Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries engaged in the following kinds of business:
(1) any kind of insurance business authorized by the jurisdiction in which it is incorporated;
(2) acting as an insurance broker or as an insurance producer for its parent or for any of its parent's insurer subsidiaries;
(3) investing, reinvesting, or trading in securities for its own account, that of its parent, any subsidiary of its parent, or any affiliate or subsidiary;
(4) management of any investment company subject to or registered pursuant to the Investment Company Act of 1940, as amended, including related sales and services;
(5) acting as a broker-dealer subject to or registered pursuant to the Securities Exchange Act of 1934, as amended;
(6) rendering investment advice to governments, government agencies, corporations, or other organizations or groups;
(7) rendering other services related to the operations of an insurance business, including but not limited to actuarial, loss prevention, safety engineering, data processing, accounting, claims, appraisal, and collection services;
(8) ownership and management of assets which the parent corporation could itself own or manage;
(9) acting as administrative agent for a governmental instrumentality which is performing an insurance function;
(10) financing of insurance premiums, insurance producers, and other forms of consumer financing;
(11) any other business activity determined by the commissioner to be reasonable ancillary to an insurance business;
(12) owning a corporation or corporations engaged or organized to engage exclusively in one or more of the businesses specified in this section.
History: En. Sec. 2, Ch. 64, L. 1971; R.C.M. 1947, 40-5510(a); amd. Sec. 1, Ch. 713, L. 1989.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment › 33-2-1106. Exemptions -- violations -- jurisdiction

33-2-1106. Exemptions -- violations -- jurisdiction.
(1) The provisions of 33-2-1104 and 33-2-1105 do not apply to an offer, request, invitation, agreement, or acquisition that the commissioner by order exempts from those sections as:
(a) not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer; or
(b) otherwise not comprehended within the purposes of 33-2-1104 and 33-2-1105.
(2) The following are violations of 33-2-1104 or 33-2-1105:
(a) the failure to file any statement, amendment, or other material required to be filed pursuant to 33-2-1104(1) through (5);
(b) the effectuation or any attempt to effectuate an acquisition of control of, divestiture of, or merger with a domestic insurer unless the commissioner has given approval.
(3) The courts of this state are vested with jurisdiction over every person not resident, domiciled, or authorized to do business in this state who files a statement with the commissioner under 33-2-1104 and over all actions involving the person arising out of violations of 33-2-1104 or 33-2-1105. Each person is considered to have performed acts equivalent to and constituting an appointment of the commissioner to be the person's attorney upon whom may be served all lawful process in any action, suit, or proceeding arising out of violations of this section. Copies of all lawful process must be served on the commissioner and transmitted by certified mail by the commissioner to the person at the person's last-known address.
History: En. Sec. 3, Ch. 64, L. 1971; R.C.M. 1947, 40-5511(f) thru (h); amd. Sec. 4, Ch. 620, L. 1989; amd. Sec. 1092, Ch. 56, L. 2009; amd. Sec. 26, Ch. 370, L. 2015; amd. Sec. 5, Ch. 62, L. 2019.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment › 33-2-1112. Exemptions -- disclaimer -- violations

33-2-1112. Exemptions -- disclaimer -- violations.
(1) The provisions of 33-2-1111 and this section do not apply to any insurer, information, or transaction to the extent that the commissioner by rule or order has exempted that insurer, information, or transaction from the provisions of 33-2-1111 and this section.
(2) (a) Any person may file with the commissioner a disclaimer of affiliation with any authorized insurer, or a disclaimer may be filed by an insurer or any member of an insurance holding company system. The disclaimer must fully disclose all material relationships and bases for affiliation between the person and the insurer that is the object of the disclaimer as well as the basis for disclaiming the affiliation.
(b) The commissioner shall approve or deny a disclaimer within 30 days of filing. If the commissioner denies a disclaimer under this section, the disclaiming party may request a hearing, which must be granted. The disclaiming party is not required to register under this section if the commissioner approves the disclaimer.
(3) The failure to file a registration statement, any summary of the registration statement, an enterprise risk report, or any amendment to the registration statement or enterprise risk report, as required by 33-2-1111 and this section, within the time specified for filing is a violation of 33-2-1111 and this section.
History: En. Sec. 4, Ch. 64, L. 1971; R.C.M. 1947, 40-5512(h) thru (j); amd. Sec. 28, Ch. 370, L. 2015; amd. Sec. 14, Ch. 275, L. 2017.
2023 Montana Code Annotated › Title 33. Insurance and Insurance Companies › Chapter 2. Regulation of Insurance Companies › Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment › 33-2-1114. Dividends and other distributions -- commissioner approval

33-2-1114. Dividends and other distributions -- commissioner approval.
(1) An insurer subject to registration under 33-2-1111 and 33-2-1112 may not pay any extraordinary dividend or make any other extraordinary distribution to its shareholders until 30 days after the commissioner has received notice of the declaration of the dividend or distribution and has not within the period disapproved the payment or the commissioner has approved payment within the 30-day period.
(2) For purposes of this section, an extraordinary dividend or distribution includes any dividend or distribution of cash or other property whose fair market value together with that of other dividends or distributions made within the preceding 12 months exceeds 10% of the insurer's surplus as regards policyholders as of December 31 next preceding, but may not include pro rata distributions of any class of the insurer's own securities.
(3) Notwithstanding any other provision of law, an insurer may declare an extraordinary dividend or distribution which is conditional upon the commissioner's approval, and the declaration may not confer rights upon shareholders until the commissioner has approved the payment of the dividend or distribution or the commissioner has not disapproved the payment within the 30-day period referred to in subsection (1).
(4) An insurer subject to subsection (1) may not pay any other dividend or make any other distribution to its shareholders unless the insurer has notified the commissioner of the payment 15 days prior to the payment date. The notice must be kept confidential until the payment date of the dividend. The commissioner may order that a dividend not be paid if the commissioner finds that the insurer's surplus as regards policyholders, following the payment to shareholders, would be inadequate or could lead the insurer to a hazardous financial condition.
History: En. Sec. 5, Ch. 64, L. 1971; R.C.M. 1947, 40-5513(c); amd. Sec. 5, Ch. 534, L. 1987; amd. Sec. 46, Ch. 596, L. 1993.