Montana Code 33-4-320. Managing general agent waiver — exceptions
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33-4-320. Managing general agent waiver — exceptions. (1) The commissioner may waive the requirements for a managing general agent under Title 33, chapter 2, part 16, for a person managing the property and liability business of a resident domestic farm mutual insurer.
Terms Used In Montana Code 33-4-320
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Property: means real and personal property. See Montana Code 1-1-205
(2)The commissioner may revoke the waiver if the commissioner determines through examination that licensure of the person as a managing general agent is necessary.
(3)A person serving as a managing general agent for crop hail insurance may not receive a waiver under this section.