Montana Code 33-4-401. Surplus funds required
Current as of: 2023 | Check for updates
|
Other versions
33-4-401. Surplus funds required. A domestic farm mutual insurer is authorized to transact insurance if it is otherwise in compliance with the applicable provisions of this chapter and if it maintains surplus funds as follows:
Terms Used In Montana Code 33-4-401
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(1)if a state mutual insurer or a county mutual insurer that has changed its status to that of a state mutual insurer pursuant to the provisions of 33-4-204, surplus of not less than $200,000; or
(2)if a county mutual insurer, surplus of not less than $50,000.