Montana Statutes
§ 33-2-1138 — Penalty
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
33-2-1138 . Penalty.
(1)Any insurer failing to timely file the ORSA summary report shall be fined no more than $500 for each day's delay, up to a maximum penalty of $25,000.
(2)The commissioner shall collect the fine and deposit the money in the state general fund.
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Legislative History
En. Sec. 9, Ch. 370, L. 2015.
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Repealed§ 33-2-1002
Repealed§ 33-2-1003
Repealed§ 33-2-1004
Repealed§ 33-2-1005
Repealed§ 33-2-1006
Repealed§ 33-2-1007
Repealed§ 33-2-101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