Montana Code Annotated
Title 33. Insurance and Insurance Companies
Chapter 12. Insurer Investments

Part 1. General Provisions

33-12-101. Purpose and scope - 33-12-101. Purpose and scope. (1) The purpose of this chapter...

33-12-102. Definitions - 33-12-102. Definitions. As used in this chapter, the following definitions...

33-12-103. General investment qualifications - 33-12-103. General investment qualifications. (1) Insurers may acquire, hold, or...

33-12-104. Authorization of investments by board of directors - 33-12-104. Authorization of investments by board of directors. (1) An...

33-12-105. Prohibited investments - 33-12-105. Prohibited investments. (1) An insurer may not, directly or...

33-12-106. Loans to officers and directors - 33-12-106. Loans to officers and directors. (1) (a) Except as...

33-12-107. Valuation of investments - 33-12-107. Valuation of investments. For the purposes of this chapter,...

33-12-108. Presumption of control - 33-12-108. Presumption of control. Control is presumed to exist if...

33-12-109. Credit risk attributable to derivative statement - 33-12-109. Credit risk attributable to derivative statement. (1) The amount...

33-12-110. Special rated credit instrument - 33-12-110. Special rated credit instrument. (1) (a) Subject to subsection...

33-12-111. Rules - 33-12-111. Rules. The commissioner may adopt rules implementing the provisions...

33-12-112. Foreign and alien insurers - 33-12-112. Foreign and alien insurers. A foreign insurer or an...

33-12-113. Indemnification agreement - 33-12-113. Indemnification agreement. An insurer may contract with any national...

Part 2. Life and Health Insurers

33-12-201. Applicability - 33-12-201. Applicability. This part applies to the investments and investment...

33-12-202. General 5% diversification -- medium-grade and lower-grade investments -- Canadian investments - 33-12-202. General 5% diversification -- medium-grade and lower-grade investments --...

33-12-203. Rated credit instruments - 33-12-203. Rated credit instruments. (1) Subject to the limitations of...

33-12-204. Insurer investment pools - 33-12-204. Insurer investment pools. (1) An insurer may acquire investments...

33-12-205. Equity interests - 33-12-205. Equity interests. (1) Subject to the limitations of 33-12-202,...

33-12-206. Tangible personal property under lease - 33-12-206. Tangible personal property under lease. (1) (a) Subject to...

33-12-207. Mortgage loans -- income-producing real estate -- real estate for the accommodation of business -- quantitative limitations - 33-12-207. Mortgage loans -- income-producing real estate -- real estate...

33-12-208. Securities lending, repurchase, reverse repurchase, and dollar roll transactions - 33-12-208. Securities lending, repurchase, reverse repurchase, and dollar roll transactions....

33-12-209. Foreign investments and foreign currency exposure - 33-12-209. Foreign investments and foreign currency exposure. (1) Subject to...

33-12-210. Derivative transactions - 33-12-210. Derivative transactions. An insurer may, directly or indirectly through...

33-12-211. Policy loans - 33-12-211. Policy loans. A life insurer may lend to a...

33-12-212. Additional investment authority - 33-12-212. Additional investment authority. (1) Under this subsection (1), an...

Part 3. Property and Casualty, Financial Guaranty, Mortgage Guaranty, Surety, Marine, and Title Insurers

33-12-301. Applicability - 33-12-301. Applicability. Subject to the provisions of 33-12-101(2), this part...

33-12-302. General 5% diversification -- medium-grade and lower-grade investments -- Canadian investments - 33-12-302. General 5% diversification -- medium-grade and lower-grade investments --...

33-12-303. Rated credit instruments - 33-12-303. Rated credit instruments. (1) Subject to the limitations of...

33-12-304. Insurer investment pools - 33-12-304. Insurer investment pools. (1) An insurer may acquire investments...

33-12-305. Equity interests - 33-12-305. Equity interests. (1) Subject to the limitations of 33-12-302,...

33-12-306. Tangible personal property under lease - 33-12-306. Tangible personal property under lease. (1) (a) Subject to...

33-12-307. Mortgage loans -- income producing real estate -- real estate for accommodation of business -- quantitative limitations - 33-12-307. Mortgage loans -- income producing real estate -- real...

33-12-308. Securities lending, repurchase, reverse repurchase, and dollar roll transactions - 33-12-308. Securities lending, repurchase, reverse repurchase, and dollar roll transactions....

33-12-309. Foreign investments and foreign currency exposure - 33-12-309. Foreign investments and foreign currency exposure. (1) Subject to...

33-12-310. Derivative transactions - 33-12-310. Derivative transactions. An insurer may, directly or indirectly through...

33-12-311. Additional investment authority - 33-12-311. Additional investment authority. (1) Under this section, an insurer...

33-12-312. Reserve requirements -- authority of commissioner - 33-12-312. Reserve requirements -- authority of commissioner. (1) Subject to...