Montana Statutes
§ 33-16-1022 — Dividends -- Regulation Or Prohibition
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 16 RATES -- RATING AND ADVISORY ORGANIZATIONS·Part 10 Workers' Compensation Rates and Advisory Organizations
33-16-1022 . Dividends -- regulation or prohibition.
(1)An advisory organization may not adopt a rule that would regulate or prohibit the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers.
(2)A plan for the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers is not a rating plan or system. A plan for the payment of dividends, savings, or unabsorbed premium deposits does not relieve an insurer from complying with any requirement of this chapter regarding rating plans or systems.
(3)It is an unfair trade practice under 33-18-1003 to make the payment of a dividend or any portion of it conditioned upon renewal o
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Legislative History
En. Sec. 4, Ch. 186, L. 1995; amd. Sec. 30, Ch. 472, L. 1999.
Nearby Sections
15
§ 33-16-1001
Declaration Of Policy And Purpose§ 33-16-1002
Applicability Of Part§ 33-16-1003
Certain Reciprocal Insurers Excluded§ 33-16-1004
Repealed§ 33-16-1005
Repealed§ 33-16-1006
Repealed§ 33-16-1007
Renumbered 33-16-1011§ 33-16-1008
Definitions§ 33-16-1009
And 33-16-1010 Reserved§ 33-16-101
Purpose And Intent§ 33-16-1013
Through 33-16-1019 Reserved§ 33-16-102
Definitions§ 33-16-1020
Competitive Market -- Hearing