39-71-325. Claim summary and actuarial documentation for impaired insurer. (1) An insurer becomes impaired if the insurer:
(a) becomes insolvent;
(b) is placed in receivership or administration;
(c) declares bankruptcy; or
(d) seeks protection from its creditors.
(2) An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.
History: En. Sec. 14, Ch. 117, L. 2007.
Structure Montana Code Annotated
Chapter 71. Workers' Compensation
Part 3. Miscellaneous Provisions
39-71-301. Certificates and certified copies as evidence
39-71-304. Books, records, and payrolls to be open to inspection -- penalty for refusal -- subpoenas
39-71-307. Employers and insurers to file reports -- penalty
39-71-310. through 39-71-314 reserved
39-71-315. Prohibited actions -- penalty
39-71-316. Filing true claim -- obtaining benefits through deception or other fraudulent means
39-71-319. State to reimburse certain premium costs for learning programs -- rulemaking
39-71-321. through 39-71-324 reserved
39-71-325. Claim summary and actuarial documentation for impaired insurer