Montana Code 39-71-2609. Establishment of fund — employer participation required
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39-71-2609. Establishment of fund — employer participation required. (1) There is a nonprofit unincorporated legal entity, to be known as the Montana self-insurers guaranty fund, financed as provided in 39-71-2615 and 39-71-2616. The fund shall perform its functions under rules adopted by, and powers exercised through, the board established under 39-71-2604.
Terms Used In Montana Code 39-71-2609
- Board: means the board of directors of the Montana self-insurers guaranty fund. See Montana Code 39-71-2603
- Fund: means the Montana self-insurers guaranty fund established pursuant to 39-71-2609. See Montana Code 39-71-2603
- Member: means an employer bound by compensation plan No. See Montana Code 39-71-2603
- Private self-insurer: means a private employer bound by compensation plan No. See Montana Code 39-71-2603
- 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)A private self-insurer shall participate as a member in the fund as a condition of the authority to self-insure in this state under 39-71-2101.