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Current as of January 01, 2024 | Updated by Findlaw Staff
The state auditor shall annually pay from the general fund to the pension trust fund a sum equivalent to 5% of the premium taxes collected from insurers authorized to effect insurance against risks enumerated in 50-3-109. The sum must be computed before the amounts provided for by 19-13-604, and 19-18-512 are deducted. The money must be used for the payment of claims, benefits, and administrative costs as provided in this chapter. The money is statutorily appropriated as provided in 17-7-502.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-17-301. Fire insurance premium tax to be paid into pension trust fund - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-17-301/
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