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Montana Title 33. Insurance and Insurance Companies § 33-4-314. Annual statement--exclusive report--penalty for failure to file

Current as of January 01, 2024 | Updated by Findlaw Staff

(1) A report, statement, or return of any nature may not be required of any farm mutual insurer other than those required by 33-4-313.

(2) The commissioner may:

(a) suspend or revoke the certificate of authority of any insurer failing to file its annual statement as required; or

(b) impose a fine of up to $100 a day for each day that an insurer is late in filing its annual statement, with the aggregate penalty not to exceed $1,000.

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Cite this article: FindLaw.com - Montana Title 33. Insurance and Insurance Companies § 33-4-314. Annual statement--exclusive report--penalty for failure to file - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-33-insurance-and-insurance-companies/mt-st-33-4-314/

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