Court Opinion

ID: 9508667
Source: CourtListenerOpinion
Date Created: 2023-08-06 21:36:16.269584+00
Date Added: 2024-06-11T09:07:36.099833
License: Public Domain

JUSTICE HUNT,
dissenting.
I dissent. The purpose of the offset provisions provided in § 33-10-115, MCA, is to offset amounts received from solvent insurers and other state guaranty associations against the value of a covered claim, thereby preventing a claimant from recovering more than the total value of the claim. The purpose of the provisions is not to offset amounts received from solvent insurers and other state guaranty funds against the Montana Insurance Guaranty Association’s $300,000 liability limit.
*83The Montana Insurance Guaranty Association Act is to be liberally construed to prevent a claimant’s financial loss because of a failed insurer. The act is not to be read restrictively to protect MIGA at the expense of injured claimants. The guaranty association is already protected by the $300,000 liability limit written into the statute.
I would affirm the District Court.