Montana Code 33-16-1001. Declaration of policy and purpose
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33-16-1001. Declaration of policy and purpose. (1) It is declared that the public welfare is served by the making of advisory premium rates for workers’ compensation insurance coverage in concert.
Terms Used In Montana Code 33-16-1001
- rates: means rate of premium, policy and membership fee, or any other charge made by an insurer for or in connection with a contract or policy of workers' compensation and employer's liability insurance, prior to application of individual risk variations based on loss or expense considerations. See Montana Code 33-16-1008
(2)It is the purpose of this part to:
(a)authorize such ratemaking in concert and the operating of rating organizations thereto; and
(b)establish the general bases and standards for the making of such rates.