33-26-103. Rights of surety insurer to give bond. A surety insurer authorized as such under this code shall have the power to become the surety on bonds and undertakings required by law, subject to all the rights and liabilities of private persons. This section shall not be deemed to limit in any way the powers, obligations, and liabilities of such insurers as provided for in other provisions of this code.
History: En. Sec. 412, Ch. 286, L. 1959; R.C.M. 1947, 40-4501.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
33-26-101. Corporations as sureties
33-26-102. Requisites of undertakings or bonds of individuals
33-26-103. Rights of surety insurer to give bond
33-26-104. Surety insurers as sole surety on official bonds -- release
33-26-105. Surety companies not permitted to furnish bonds where indemnity required
33-26-106. Cost of surety bond to be allowed in account of officer