Montana § 33-12-305 Equity Interests

Montana Statutes

§ 33-12-305 — Equity Interests

Montana § 33-12-305

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 12INSURER INVESTMENTS

Part 3Property and Casualty, Financial Guaranty, Mortgage Guaranty, Surety, Marine, and Title Insurers

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Bluebook

Mont. Code Ann. § 33-12-305 (2026).

Text

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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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 exercisable within 6 months of the short sale.