33-22-1129. Penalties. In addition to any other penalty provided for in Title 33, an insurer or an insurance producer found to have violated any requirement of this state relating to the regulation of long-term care insurance or the marketing of long-term care insurance is subject to a fine of up to three times the amount of any commissions paid for each policy involved in the violation or up to $10,000, whichever is greater.
History: En. Sec. 16, Ch. 32, L. 2007.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 22. Disability Insurance
Part 11. Long-Term Care Insurance Act
33-22-1103. Compliance required
33-22-1105. and 33-22-1106 reserved
33-22-1108. Preexisting condition -- definition
33-22-1109. and 33-22-1110 reserved
33-22-1111. Outline of coverage
33-22-1112. Required content for certificate
33-22-1113. Disclosure and performance standards for long-term care insurance
33-22-1114. Prohibited practices and policy provisions
33-22-1115. Prior hospitalization or institutionalization
33-22-1116. Nonforfeiture benefits -- offer requirement
33-22-1117. Appropriate sale criteria
33-22-1119. Right to return policy -- free look -- refunds upon denial of application
33-22-1120. Extraterritorial jurisdiction
33-22-1122. Policy waiting periods not cumulative
33-22-1123. Delivery of policy -- policy summary -- monthly reports
33-22-1126. Additional standards for qualified long-term care contracts -- definitions
33-22-1127. Incontestability period