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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) When acting in a fiduciary capacity, officers, managers, and employees shall each give bonds to the insurer for the faithful performance of their duties. The bond must be issued by an authorized corporate surety.
(2) The commissioner may adopt rules to determine the amount of the bonds required under this section.
Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-4-311. Bonding of officers, managers, and employees - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-4-311/
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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