33-22-1309. Association administrator. (1) The board shall select an administrator, who is either an employee of the nonprofit association or an independent contractor, to administer the reinsurance program pursuant to the parameters decided by the board of directors. The board shall establish qualifications and compensation in the plan of operation for the administrator and the length of the contract of an independent contractor.
(2) The administrator shall:
(a) perform all administrative functions relating to the association;
(b) submit regular reports to the board regarding the operation of the association. The frequency, content, and form of the reports must be set forth in the plan of operation.
(c) pay reinsurance claims as provided for in the plan of operation.
History: En. Sec. 7, Ch. 210, L. 2019.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 22. Disability Insurance
Part 13. Montana Reinsurance Association Act
33-22-1301. Short title -- purpose
33-22-1302. Reinsurance association -- mandatory membership -- exceptions
33-22-1304. and 33-22-1305 reserved
33-22-1306. Association board of directors
33-22-1307. Duties of commissioner -- rulemaking
33-22-1308. Board duties -- powers
33-22-1309. Association administrator
33-22-1310. through 33-22-1312 reserved
33-22-1313. Association member assessments
33-22-1314. Payment parameters
33-22-1315. Calculation of reinsurance payments
33-22-1316. Administration of reinsurance payments
33-22-1317. Eligible health insurer requests for reinsurance payments
33-22-1318. and 33-22-1319 reserved
33-22-1320. Liability of association members
33-22-1321. State and federal special revenue accounts -- reinsurance program