Montana Statutes
§ 33-12-305 — Equity Interests
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 12 INSURER INVESTMENTS·Part 3 Property and Casualty, Financial Guaranty, Mortgage Guaranty, Surety, Marine, and Title Insurers
33-12-305 . Equity interests.
(1)Subject to the limitations of 33-12-302 , 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 the greater of 25% of its admitted assets or 100% of its surplus as regards policyholders.
(3)An insurer may not acquire under this section any investments that the insurer may acquire under 33-12-307 .
(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 exercisab
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Legislative History
En. Sec. 29, 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