33-27-114. Limit on the amount of fund. The independent liability fund of any small business may not be greater than the larger of the following:
(1) the total of all legally required liability insurance; or
(2) five times the gross sales of the small business in its most recent fiscal year.
History: En. Sec. 7, Ch. 564, L. 1987.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 27. Independent Liability Fund
33-27-105. through 33-27-110 reserved
33-27-111. Right to establish independent liability fund
33-27-112. Establishment of independent liability fund
33-27-113. Additions to independent liability fund
33-27-114. Limit on the amount of fund
33-27-115. Composition of independent liability fund
33-27-116. Inviolability of fund
33-27-118. Taxation of independent liability fund contributions