Montana § 33-2-108 Combinations Of Insuring Powers

Montana Statutes

§ 33-2-108 — Combinations Of Insuring Powers

Montana § 33-2-108

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 2REGULATION OF INSURANCE COMPANIES

Part 1Authorization of Insurers

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Bluebook

Mont. Code Ann. § 33-2-108 (2026).

Text

33-2-108 . Combinations of insuring powers.

(1)Except as provided in subsections (2), (3), and (4) and 33-25-213 , an insurer which otherwise qualifies therefor may be authorized to transact any one kind or combination of kinds of insurance as defined in 33-1-205 through 33-1-212 .

(2)A life insurer may also grant annuities but shall not be authorized to transact any other kind of insurance other than disability, except that if the insurer is otherwise qualified therefor, the commissioner shall continue to so authorize any life insurer which, immediately prior to January 1, 1961, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and disability.

(3)A reciprocal insurer shall not transact life insurance.

(4)A title insurer shall be a stock

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33-2-108 . Combinations of insuring powers. (1) Except as provided in subsections (2), (3), and (4) and 33-25-213 , an insurer which otherwise qualifies therefor may be authorized to transact any one kind or combination of kinds of insurance as defined in 33-1-205 through 33-1-212 .
(2) A life insurer may also grant annuities but shall not be authorized to transact any other kind of insurance other than disability, except that if the insurer is otherwise qualified therefor, the commissioner shall continue to so authorize any life insurer which, immediately prior to January 1, 1961, was lawfully authorized to transact in this state a kind or kinds of insurance in addition to life and disability.
(3) A reciprocal insurer shall not transact life insurance.
(4) A title insurer shall be a stock insurer.