33-2-516. Inadequate reserves -- increase required. If loss experience shows that an insurer's loss reserves, however computed or estimated, are inadequate, the commissioner shall require the insurer to maintain loss reserves in such increased amount as is needed to make them adequate.
History: En. Sec. 90, Ch. 286, L. 1959; R.C.M. 1947, 40-3009.
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