Montana Statutes
§ 33-2-1121 — Receivership
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 2 REGULATION OF INSURANCE COMPANIES·Part 11 Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment
33-2-1121 . Receivership. Whenever it appears to the commissioner that any person has committed a violation of this part which so impairs the financial condition of a domestic insurer as to threaten insolvency or make the further transaction of business by it hazardous to its policyholders, creditors, shareholders, or the public, then the commissioner may proceed to take possession of the property of such domestic insurer and to conduct the business thereof.
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Legislative History
En. Sec. 11, Ch. 64, L. 1971; R.C.M. 1947, 40-5519.
Nearby Sections
15
§ 33-2-1001
Repealed§ 33-2-1002
Repealed§ 33-2-1003
Repealed§ 33-2-1004
Repealed§ 33-2-1005
Repealed§ 33-2-1006
Repealed§ 33-2-1007
Repealed§ 33-2-101
Certificate Of Authority Required§ 33-2-103
Admission For Investment Only§ 33-2-106
General Eligibility Of Insurers§ 33-2-107
Name -- Dissimilar§ 33-2-108
Combinations Of Insuring Powers