Montana § 33-2-1121 Receivership

Montana Statutes

§ 33-2-1121 — Receivership

Montana § 33-2-1121

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 2REGULATION OF INSURANCE COMPANIES

Part 11Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment

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Bluebook

Mont. Code Ann. § 33-2-1121 (2026).

Text

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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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.