33-1-1206. Persons not connected with insurance industry -- reward fund. (1) Any person who has knowledge of or who believes that an act of insurance fraud is being or has been committed may provide the commissioner with a report or information pertinent to the knowledge and belief and may provide additional information that the commissioner requests.
(2) The commissioner, in cooperation with authorized insurers, producers, and other interested parties, may establish a fund to reward persons who are not connected with the insurance industry and who provide information or furnish evidence leading to the arrest and conviction of persons responsible for insurance fraud. Participation in the fund must be purely voluntary. The books and records of the fund must be open and subject to review by the legislative auditor.
History: En. Sec. 6, Ch. 237, L. 1995.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 1. Administration and General Provisions
Part 12. Insurance Fraud Protection
33-1-1201. Short title -- purpose
33-1-1202. Administrative or civil insurance fraud
33-1-1203. Powers and duties of commissioner -- confidentiality of documents
33-1-1204. Cooperation with law enforcement, licensing authorities, and other fraud agencies
33-1-1206. Persons not connected with insurance industry -- reward fund
33-1-1207. through 33-1-1209 reserved