Montana Statutes
§ 33-10-117 — Recognition Of Assessments In Rates
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 10 INSURANCE GUARANTY ASSOCIATIONS·Part 1 Casualty and Property Insurance Guaranty Associations
33-10-117 . Recognition of assessments in rates. The rates and premiums charged for insurance policies to which this part applies shall include amounts sufficient to recoup a sum equal to the amounts paid to the association by the member insurer less any amounts returned to the member insurer by the association, and such rates shall not be deemed excessive because they contain an amount reasonably calculated to recoup assessments paid by the member insurer.
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Legislative History
En. Sec. 16, Ch. 63, L. 1971; R.C.M. 1947, 40-5716.
Nearby Sections
15
§ 33-10-102
Definitions§ 33-10-103
Creation Of The Association§ 33-10-105
General Powers And Duties§ 33-10-107
Tax Exemption§ 33-10-110
Immunity§ 33-10-112
Examination Of Association§ 33-10-113
Claims -- Notice§ 33-10-114
Claims -- Effect As To Insured And Receiver§ 33-10-115
Recovery -- Sequence -- Nonduplication