Montana Statutes
§ 33-12-101 — Purpose And Scope
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 12 INSURER INVESTMENTS·Part 1 General Provisions
33-12-101 . Purpose and scope.
(1)The purpose of this chapter is to protect the interests of insureds by promoting insurer solvency and financial strength. This purpose will be accomplished through the application of investment standards that facilitate a reasonable balance of the following objectives:
(a)to preserve principal;
(b)to ensure reasonable diversification as to type of investment, issuer, and credit quality; and
(c)to allow insurers to allocate investments in a manner consistent with principles of prudent investment management to achieve an adequate return so that obligations to insureds are adequately met and financial strength is sufficient to cover reasonably foreseeable contingencies.
(2)This chapter applies only to investments and investment practices of domestic insu
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Legislative History
En. Sec. 1, Ch. 304, L. 1999.
Nearby Sections
15
§ 33-12-101
Purpose And Scope§ 33-12-102
Definitions§ 33-12-103
General Investment Qualifications§ 33-12-105
Prohibited Investments§ 33-12-106
Loans To Officers And Directors§ 33-12-107
Valuation Of Investments§ 33-12-108
Presumption Of Control§ 33-12-110
Special Rated Credit Instrument§ 33-12-111
Rules§ 33-12-112
Foreign And Alien Insurers§ 33-12-113
Indemnification Agreement§ 33-12-201
Applicability