33-17-604. Waiver of certification requirements. The commissioner may waive the requirements of 33-17-603 for any person or class of persons. The factors taken into account in granting a waiver include but are not limited to:
(1) whether the person acting as an administrator is primarily in a business other than that of administrator;
(2) whether the financial strength and history of the organization indicates stability in its continuity of doing business;
(3) whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.
History: En. Sec. 13, Ch. 343, L. 1979; amd. Sec. 46, Ch. 713, L. 1989.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 17. Insurance Producers, Adjusters, Consultants, and Administrators
33-17-602. Written agreement required
33-17-603. Certificate of registration
33-17-604. Waiver of certification requirements
33-17-606. through 33-17-610 reserved
33-17-611. Maintenance of information
33-17-612. Approval of advertising
33-17-613. Collection of charges and premiums
33-17-614. Treatment of payments
33-17-616. Delivery of documents
33-17-617. Claim adjustment and settlement
33-17-618. Insured persons to be notified of availability of administrator