Montana Code 33-2-317. Exemptions
Current as of: 2023 | Check for updates
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33-2-317. Exemptions. The Surplus Lines Insurance Law does not apply to reinsurance or to the following kinds of insurance when placed by a licensed insurance producer of this state:
Terms Used In Montana Code 33-2-317
- Property: means real and personal property. See Montana Code 1-1-205
- State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, Guam, the Northern Mariana Islands, the Virgin Islands, and American Samoa. See Montana Code 33-2-301
- Surplus lines insurance: means any property, casualty, or inland marine insurance permitted in a state to be placed directly or through a surplus lines insurance producer with an unauthorized insurer eligible to accept the insurance. See Montana Code 33-2-301
(1)wet marine insurance;
(2)insurance on property or operations of railroads engaged in interstate commerce; and
(3)insurance of aircraft owned or operated by manufacturers of aircraft or aircraft operated in scheduled interstate flight or cargo of the aircraft or against liability, other than workers’ compensation and employers’ liability, arising out of the ownership, maintenance, or use of the aircraft.