Montana Code 33-17-604. Waiver of certification requirements
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33-17-604. Waiver of certification requirements. The commissioner may waive the requirements of 33-17-603 for any person or class of persons. The factors taken into account in granting a waiver include but are not limited to:
Terms Used In Montana Code 33-17-604
- Administrator: means a person who collects charges or premiums from residents of this state in connection with life, disability, property, or casualty insurance or annuities or who adjusts or settles claims on these coverages. See Montana Code 33-17-102
- Person: means an individual or a business entity. See Montana Code 33-17-102
(1)whether the person acting as an administrator is primarily in a business other than that of administrator;
(2)whether the financial strength and history of the organization indicates stability in its continuity of doing business;
(3)whether the regular duties being performed as an administrator are such that the covered persons are not likely to be injured by a waiver of the requirements.