33-2-208. Withdrawal of approval. The commissioner's approval of any trust agreement or of any amendment of a trust agreement may be withdrawn by the commissioner if the commissioner finds upon hearing, after notice to the insurer and the trustee or trustees, that the requisites for approval, as provided in this part, no longer exist.
History: En. Sec. 606, Ch. 286, L. 1959; R.C.M. 1947, 40-5208; amd. Sec. 1077, Ch. 56, L. 2009.
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