33-28-302. Qualification of sponsors. A sponsor of a protected cell captive insurance company must be an insurer authorized under the laws of any state, a reinsurer authorized under the laws of any state, a captive insurance company formed or authorized under this chapter, an insurance producer licensed under chapter 17 of this title and approved by the commissioner, or any other person approved by the commissioner.
History: En. Sec. 2, Ch. 383, L. 2003; amd. Sec. 16, Ch. 518, L. 2007; amd. Sec. 7, Ch. 75, L. 2011; amd. Sec. 11, Ch. 335, L. 2015.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 28. Captive Insurance Companies
Part 3. Protected Cell Captive Insurance Companies
33-28-301. Protected cell captive insurance company
33-28-302. Qualification of sponsors
33-28-303. Delinquency of protected cell captive insurance company
33-28-304. Participants in protected cell captive insurance companies
33-28-305. Renumbered 33-28-110
33-28-307. through 33-28-309 reserved
33-28-310. Investments by protected cell captive insurance companies