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Current as of January 01, 2024 | Updated by FindLaw Staff
(1) The Montana reinsurance association is established as a nonprofit legal entity. As a condition of doing business, an insurer that has issued or renewed disability insurance, as defined in 33-1-207, regardless of license type, in this state in the past 12 months must be a member of the association.
(2) Disability insurers are exempt from the requirement to be association members and are not subject to the assessment in 33-22-1313 if the insurers solely issue or administer one or more of the following coverage types under the Montana Insurance Code:
(a) self-funded multiple employer welfare arrangements licensed under chapter 35;
(b) disability insurance sold through a fraternal benefit society as described in chapter 7;
(c) excepted benefits as defined in 33-22-140;
(d) long-term care insurance as described in chapter 22, part 11; or
(e) disability income insurance as defined in 33-1-235.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-22-1302. Reinsurance association--mandatory membership--exceptions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-code-ann-sect-33-22-1302/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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