33-2-601. Authorized deposits of insurers. The following deposits of insurers when made through the commissioner must be accepted and held and are subject to the provisions of this part:
(1) deposits required under this code for authority to transact insurance in this state;
(2) deposits of domestic insurers when required by the laws of other states, provinces, and countries as a condition for the authority to transact insurance; or
(3) deposits of reserves made by domestic life insurers under 33-2-416.
History: En. Sec. 132, Ch. 286, L. 1959; R.C.M. 1947, 40-3201; amd. Sec. 7, Ch. 227, L. 2011.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 2. Regulation of Insurance Companies
33-2-601. Authorized deposits of insurers
33-2-603. Securities eligible for deposit
33-2-604. Depositary or custodian
33-2-605. Record of deposits -- liability of commissioner and state
33-2-606. Assignment or conveyance of assets or securities
33-2-608. Rights of insurer during solvency
33-2-611. Deficiency of deposit -- revocation of certificate