33-5-408. Aggregate liability. No one policy or subscriber as to such policy shall be assessed or charged with an aggregate of contingent liability as to obligations incurred by a domestic reciprocal insurer in any one calendar year in excess of the amount provided for in the power of attorney or in the subscribers' agreement, computed solely upon premium earned on such policy during that year.
History: En. Sec. 560, Ch. 286, L. 1959; R.C.M. 1947, 40-5023.
Structure Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 5. Reciprocal Insurers
33-5-401. Surplus funds required
33-5-402. Contributions to insurer
33-5-403. Financial condition -- method of determining
33-5-404. Subscribers' liability
33-5-405. Subscribers' liability on judgment
33-5-407. Time limit for assessments
33-5-409. Nonassessable policies
33-5-410. Distribution of savings
33-5-411. Subscribers' share in assets