33-17-232. Rights of insurance producer following termination of appointment. (1) Following termination of an agency appointment for property, casualty, title, or surety insurance and subject to the terms of an agreement between the insurance producer and the insurer, the insurance producer may continue to service and receive from the insurer commissions or other compensation relative to business written by the insurance producer for the insurer during the existence of the appointment.
(2) This section does not apply to:
(a) insurance producers of direct writing insurers; or
(b) insurance producers or insurers between whom the relationship of employer and employee exists.
History: En. Sec. 162, Ch. 286, L. 1959; R.C.M. 1947, 40-3318; amd. Sec. 1, Ch. 713, L. 1989; amd. Sec. 6, Ch. 399, L. 2007.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 17. Insurance Producers, Adjusters, Consultants, and Administrators
Part 2. Licensing and Appointment of Insurance Producers and Navigators
33-17-201. License required of insurance producer -- forms -- background examinations
33-17-210. Centralized producer license registry -- rules
33-17-211. General qualifications -- application for license
33-17-212. Examination required -- exceptions -- fees
33-17-213. Conduct of examinations
33-17-216. Temporary insurance producer license
33-17-217. Limitations and rights under temporary license
33-17-219. Inactive status -- insurance producers serving in armed forces
33-17-220. Licensing background examination -- action by commissioner
33-17-222. through 33-17-230 reserved
33-17-231. Appointment of insurance producers -- continuation and termination
33-17-232. Rights of insurance producer following termination of appointment
33-17-233. through 33-17-235 reserved
33-17-236. Appointments of insurance producers by insurers
33-17-237. Notification of violation or appointment termination
33-17-238. Appointment by affiliation
33-17-239. and 33-17-240 reserved
33-17-241. Navigator certification -- duties -- prohibitions
33-17-243. Producer exchange training -- certification for exchange sales