33-2-514. Reserve for disability insurance. (1) For all disability insurance policies, the insurer shall maintain an active life reserve that places a sound value on its liabilities under the policies and that may not be less than the pro rata gross unearned premiums for the policies.
(2) The commissioner may promulgate rules to define additional standards for reserve requirements.
History: En. Sec. 88, Ch. 286, L. 1959; R.C.M. 1947, 40-3007; amd. Sec. 5, Ch. 531, L. 1997.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 2. Regulation of Insurance Companies
Part 5. Assets and Liabilities -- Reserves
33-2-502. Assets expressly not allowed
33-2-504. through 33-2-510 reserved
33-2-511. Liabilities chargeable against assets
33-2-512. Unearned premium reserve for property, casualty, and surety
33-2-513. Unearned premium reserve for marine and transportation insurance
33-2-514. Reserve for disability insurance
33-2-516. Inadequate reserves -- increase required
33-2-517. Title insurance reserves
33-2-518. Loss and loss expense reserves for property and casualty insurance