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37 chapters · 1,713 sections in this title.
Mont. Code Ann. § 33-3-415 Insufficient Reserves -- Nonassessable Policies Prohibited -- Revocation Of Authority
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The commissioner shall revoke the authority of a domestic mutual insurer to issue policies without contingent liability if at any time the insurer's assets are less than the sum of its liabilities and the surplus required for such authority or if the insurer, by resolution of its…
Mont. Code Ann. § 33-3-421 Participating Policies
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(1) If provided in its articles of incorporation, a domestic stock or domestic mutual insurer may issue any or all of its policies with or without participation in profits, savings, or unabsorbed portions of premiums, may classify policies issued on a participating and nonpartici…
Mont. Code Ann. § 33-3-422 Dividends To Stockholders
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(1) A domestic stock insurer shall not pay any cash dividend to stockholders except out of that part of its available surplus funds which is derived from realized net profits on its business. (2) A stock dividend may be paid out of any available surplus funds in excess of the agg…
Mont. Code Ann. § 33-3-423 Dividends To Mutual Policyholders
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(1) The directors of a domestic mutual insurer may from time to time apportion and pay or credit to its members dividends only out of that part of its surplus funds which represents net realized savings and net realized earnings in excess of the surplus required by law to be main…