Montana Code 33-7-119. Examination of societies
33-7-119. Examination of societies. (1) The commissioner of insurance or any person appointed by the commissioner may examine any domestic, foreign, or alien society transacting or applying for admission to transact business in this state in the same manner as authorized for examination of domestic, foreign, or alien insurers. Requirements of notice and an opportunity to respond before findings are made public, as provided in the laws regulating insurers, are applicable to the examination of societies.
Terms Used In Montana Code 33-7-119
- Laws: means the society's articles of incorporation, charter, constitution, and bylaws. See Montana Code 33-7-108
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
- Society: means a fraternal benefit society described in 33-7-105. See Montana Code 33-7-108
- 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
(2)The expense of each examination and of each valuation, including compensation and actual expenses of examiners, must be paid by the society examined or whose certificates are valued, upon statements furnished by the commissioner.