33-4-314. Annual statement -- exclusive report -- penalty for failure to file. (1) A report, statement, or return of any nature may not be required of any farm mutual insurer other than those required by 33-4-313.
(2) The commissioner may:
(a) suspend or revoke the certificate of authority of any insurer failing to file its annual statement as required; or
(b) impose a fine of up to $100 a day for each day that an insurer is late in filing its annual statement, with the aggregate penalty not to exceed $1,000.
History: En. Sec. 500, Ch. 286, L. 1959; R.C.M. 1947, 40-4833; amd. Sec. 18, Ch. 531, L. 1997.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 4. Farm Mutual Insurers
33-4-301. Bylaws -- adoption -- power to amend
33-4-303. Bylaws binding upon members
33-4-304. Annual meetings of members -- where held
33-4-305. Annual meeting -- presentation of annual statement
33-4-306. Adjourned annual meetings -- notice
33-4-307. Members' voting rights
33-4-308. Board of directors -- quorum
33-4-309. Directors -- election and term
33-4-311. Bonding of officers, managers, and employees
33-4-312. Officers, agents, and employees not licensed -- exception for liability insurance
33-4-314. Annual statement -- exclusive report -- penalty for failure to file
33-4-315. Examination by commissioner -- expense
33-4-316. Records -- inspections