33-16-306. Joint underwriters and reinsurers -- compliance. Upon compliance with the provisions of this chapter applicable thereto, any rating organization, advisory organization, and any group, association, or other organization of admitted insurers which engages in joint underwriting or joint reinsurance through such organization or by standing agreement among the members thereof may conduct operations in this state. As respects insurance risks or operations in this state, no insurer shall be a member or subscriber of any such organization, group, or association that has not complied with the provisions of this chapter applicable to it.
History: En. Sec. 13, Ch. 362, L. 1969; R.C.M. 1947, 40-3646.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 16. Rates -- Rating and Advisory Organizations
Part 3. Insurers Acting in Concert
33-16-301. Insurers authorized to act in concert
33-16-302. Insurers with common ownership or cosureties on bond -- acting in concert
33-16-306. Joint underwriters and reinsurers -- compliance
33-16-307. Joint underwriting and joint reinsurance -- application -- restrictions on operations
33-16-308. Advisory organizations -- application -- requisites -- restrictions on operations