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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) The commissioner may suspend or revoke a private air ambulance service certificate of authority if the private air ambulance service:
(a) no longer meets the requirements for the certificate of authority;
(b) materially fails to comply with a membership agreement issued to residents of Montana;
(c) is in unsound fiscal condition or is demonstrated to be using methods or practices in the conduct of its business that render its further transaction of insurance in this state injurious or hazardous to its members or to the public; or
(d) violates an applicable provision of law.
(2) Unless otherwise provided in the order of suspension or revocation, the private air ambulance service shall continue to honor membership agreements that are in force at the time of revocation or suspension.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-2-2203. Suspension or revocation - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-2-2203/
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 before relying on it for your legal needs.
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