33-2-204. Purpose and duration. The deposit required by 33-2-202 shall be for the benefit, security, and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
History: En. Sec. 602, Ch. 286, L. 1959; R.C.M. 1947, 40-5204.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 2. Regulation of Insurance Companies
Part 2. State of Entry -- Trusteed Assets of Alien Insurers
33-2-202. Required deposit of assets
33-2-204. Purpose and duration
33-2-205. Trust agreement -- approval
33-2-206. Authority to execute trust agreement
33-2-207. Amendment of trust agreement
33-2-208. Withdrawal of approval
33-2-209. Title to trusteed assets
33-2-210. Assets kept separate
33-2-211. Statement of trustee
33-2-212. Examination of assets
33-2-213. Withdrawal of assets