33-35-209. Minimum reserve requirements. Self-funded multiple employer welfare arrangements shall establish by the end of the first year of operations of the arrangement and shall maintain as of the end of each year of operations reserves equal to at least 30% of the unpaid claims liability of the arrangement. The commissioner may adopt rules regarding the supervision, rehabilitation, and liquidation of self-funded multiple employer welfare arrangements that fail to maintain the level of reserves required by this section.
History: En. Sec. 8, Ch. 420, L. 1995.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 35. Multiple Employer Welfare Arrangements
Part 2. Certificate of Authority
33-35-201. Certificate of authority
33-35-202. Eligibility for certificate of authority
33-35-203. Requirements applicable only to arrangements organized after October 1, 1995
33-35-205. Application for certificate of authority
33-35-206. through 33-35-208 reserved
33-35-209. Minimum reserve requirements