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Montana Title 39. Labor § 39-71-325. Claim summary and actuarial documentation for impaired insurer

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

(1) An insurer becomes impaired if the insurer:

(a) becomes insolvent;

(b) is placed in receivership or administration;

(c) declares bankruptcy; or

(d) seeks protection from its creditors.

(2) An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.

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Cite this article: FindLaw.com - Montana Title 39. Labor § 39-71-325. Claim summary and actuarial documentation for impaired insurer - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-39-labor/mt-code-ann-sect-39-71-325/

Read this complete Montana Title 39. Labor § 39-71-325. Claim summary and actuarial documentation for impaired insurer on Westlaw. Westlaw subscription required.

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