Montana Statutes

§ 33-1-1508 — Theft Of Insurance Premium

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 1 ADMINISTRATION AND GENERAL PROVISIONS·Part 15 Insurance Fraud Penalties

33-1-1508 . Theft of insurance premium.

(1)A person commits the offense of theft of insurance premium when the person purposely or knowingly exerts unauthorized control over money paid as insurance premium:
(a)by failing to provide insurance premium received for a particular insurance policy to the insurer; or
(b)knowing that insurance coverage will not be provided.
(2)For purposes of this section "insurance premium" has the same meaning as "premium" provided in 33-15-102 .
(3)(a) A person convicted of theft of insurance premium involving a value not exceeding $1,500 shall be fined not more than $1,500 or be imprisoned in the county detention center for not more than 6 months, or both.
(b)A person convicted of the offense of theft of insurance premium involving a value exceeding $1,5

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Legislative History

En. Sec. 8, Ch. 396, L. 2017.

Nearby Sections

15
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