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37 chapters · 1,713 sections in this title.
Mont. Code Ann. § 33-27-111 Right To Establish Independent Liability Fund
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A small business operating in the state may establish an independent liability fund to provide for defense, settlement, or payment of any liability claims against it by a third party.
Mont. Code Ann. § 33-27-112 Establishment Of Independent Liability Fund
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A small business shall notify the commissioner, on a form supplied by the commissioner, of its intention to establish an independent liability fund. The small business shall fully and clearly designate the money, assets, or investments it is setting aside for its independent liab…
Mont. Code Ann. § 33-27-113 Additions To Independent Liability Fund
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Within the limits provided in 33-27-114, a small business may make such additions to its independent liability fund as it considers appropriate.
Mont. Code Ann. § 33-27-114 Limit On The Amount Of Fund
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The independent liability fund of any small business may not be greater than the larger of the following: (1) the total of all legally required liability insurance; or (2) five times the gross sales of the small business in its most recent fiscal year.