Montana § 33-12-113 Indemnification Agreement

Montana Statutes

§ 33-12-113 — Indemnification Agreement

Montana § 33-12-113

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 12INSURER INVESTMENTS

Part 1General Provisions

This text of Montana § 33-12-113 (Indemnification Agreement) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-12-113 (2026).

Text

33-12-113 . Indemnification agreement. An insurer may contract with any national or state bank, trust company, or securities brokerage firm to act as custodian for the insurer's securities. The contract must contain an indemnification agreement stating that the custodian is obligated to indemnify the insurer for any loss of the insurer's securities in its custody resulting from the intentional or negligent act or omission of the custodian or the employee, officer, or agent of the custodian.

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33-12-113 . Indemnification agreement. An insurer may contract with any national or state bank, trust company, or securities brokerage firm to act as custodian for the insurer's securities. The contract must contain an indemnification agreement stating that the custodian is obligated to indemnify the insurer for any loss of the insurer's securities in its custody resulting from the intentional or negligent act or omission of the custodian or the employee, officer, or agent of the custodian.