33-26-105. Surety companies not permitted to furnish bonds where indemnity required. No foreign or other surety company shall be permitted to furnish the bond for any state, county, or city official, where such company requires in addition to the payment of reasonable premiums any indemnity or other security.
History: En. Sec. 1, Ch. 6, L. 1911; re-en. Sec. 6234, R.C.M. 1921; re-en. Sec. 6234, R.C.M. 1935; R.C.M. 1947, 40-1725.
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