33-4-316. Records -- inspections. (1) A farm mutual insurer, through its president and secretary, shall keep or cause to be kept accurate records and accounts of its transactions. The books, files, and records of the insurer must be located at its principal place of business or, in the case of a county mutual insurer, at a place within the county of its principal place of business as may be designated by the insurer's board of directors and shown in the minutes of the board.
(2) The books, files, and records of the insurer must be available for inspection by the insurer's directors and officers and by the commissioner or the commissioner's duly constituted examiner at all reasonable times.
History: En. Sec. 508, Ch. 286, L. 1959; R.C.M. 1947, 40-4841; amd. Sec. 1150, Ch. 56, L. 2009.
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