Montana § 33-12-311 Additional Investment Authority

Montana Statutes

§ 33-12-311 — Additional Investment Authority

Montana § 33-12-311

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. § 33-12-311 (2026).

Text

33-12-311 . Additional investment authority.

(1)Under this section, an insurer may acquire investments, may engage in investment practices of any kind that are not specifically prohibited by this chapter, or may engage in investment practices without regard to any limitation in 33-12-302 through 33-12-309 . However, an insurer may not acquire an investment or engage in an investment practice under this section if, as a result of and after giving effect to the transaction, the aggregate amount of the investments then held by the insurer under this section would exceed the greater of:

(a)its unrestricted surplus; or

(b)the lesser of:

(i)10% of its admitted assets; or

(ii)50% of its surplus as regards policyholders.

(2)An insurer may not acquire an investment or engage in an investment

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33-12-311 . Additional investment authority. (1) Under this section, an insurer may acquire investments, may engage in investment practices of any kind that are not specifically prohibited by this chapter, or may engage in investment practices without regard to any limitation in 33-12-302 through 33-12-309 . However, an insurer may not acquire an investment or engage in an investment practice under this section if, as a result of and after giving effect to the transaction, the aggregate amount of the investments then held by the insurer under this section would exceed the greater of:
(a) its unrestricted surplus; or
(b) the lesser of:
(i) 10% of its admitted assets; or
(ii) 50% of its surplus as regards policyholders.
(2) An insurer may not acquire an investment or engage in an investment practice under subsection (1) if, as a result of and after giving effect to the transaction, the aggregate amount of all investments in any one person then held by the insurer under subsection (1) would exceed 5% of its admitted assets.