Montana § 33-2-1391 Condition On Release From Delinquency Proceedings

Montana Statutes

§ 33-2-1391 — Condition On Release From Delinquency Proceedings

Montana § 33-2-1391

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 2REGULATION OF INSURANCE COMPANIES

Part 13Supervision, Rehabilitation, and Liquidation

This text of Montana § 33-2-1391 (Condition On Release From Delinquency Proceedings) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-2-1391 (2026).

Text

33-2-1391 . Condition on release from delinquency proceedings. An insurer that is subject to any delinquency proceeding, whether formal, informal, administrative, or judicial, may not:

(1)be released from the proceeding, unless the proceeding is converted to a judicial rehabilitation or liquidation proceeding;

(2)be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority;

(3)be returned to the control of its shareholders or private management; or

(4)have any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses of the guaranty associations and

Free access — add to your briefcase to read the full text and ask questions with AI

33-2-1391 . Condition on release from delinquency proceedings. An insurer that is subject to any delinquency proceeding, whether formal, informal, administrative, or judicial, may not:
(1) be released from the proceeding, unless the proceeding is converted to a judicial rehabilitation or liquidation proceeding;
(2) be permitted to solicit or accept new business or request or accept the restoration of any suspended or revoked license or certificate of authority;
(3) be returned to the control of its shareholders or private management; or
(4) have any of its assets returned to the control of its shareholders or private management until all payments of or on account of the insurer's contractual obligations by all guaranty associations, along with all expenses of the guaranty associations and interest on all payments and expenses, have been repaid to the guaranty associations or a plan of repayment by the insurer has been approved by the guaranty association.