Montana § 33-12-205 Equity Interests

Montana Statutes

§ 33-12-205 — Equity Interests

Montana § 33-12-205

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 12INSURER INVESTMENTS

Part 2Life and Health Insurers

This text of Montana § 33-12-205 (Equity Interests) 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. § 33-12-205 (2026).

Text

33-12-205 . Equity interests.

(1)Subject to the limitations of 33-12-202 , an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.

(2)An insurer may not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this section would exceed 20% of its admitted assets or the amount of equity interests then held by the insurer that are not listed on a qualified exchange would exceed 5% of its admitted assets. An accident and health insurer is subject to this section but is subject to the same aggregate limitation on equity interests as a property and casualty insurer under 33-12-305 and is also subject to the provisions of 3

Free access — add to your briefcase to read the full text and ask questions with AI

33-12-205 . Equity interests. (1) Subject to the limitations of 33-12-202 , an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.
(2) An insurer may not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this section would exceed 20% of its admitted assets or the amount of equity interests then held by the insurer that are not listed on a qualified exchange would exceed 5% of its admitted assets. An accident and health insurer is subject to this section but is subject to the same aggregate limitation on equity interests as a property and casualty insurer under 33-12-305 and is also subject to the provisions of 33-12-312 .
(3) An insurer may not acquire under the provisions of this section any investments that the insurer may acquire under 33-12-207 .
(4) An insurer may not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity instrument exercisable within 6 months of the short sale.