Montana § 33-2-1517 Rulemaking Authority

Montana Statutes

§ 33-2-1517 — Rulemaking Authority

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 2 REGULATION OF INSURANCE COMPANIES·Part 15 Regulation of Controlled Insurers and Controlling Producers

33-2-1517 . Rulemaking authority.

(1)The commissioner may adopt rules implementing the provisions of 33-1-408 through 33-1-410 , 33-2-1216 through 33-2-1218 , 33-2-1391 through 33-2-1394 , Title 33, chapter 2, parts 15 through 17, and 33-11-110 .

(2)The authority of the commissioner to adopt rules is specifically extended, without limitation, to establish standards for companies considered to be in hazardous financial condition, to require annual audited financial reports, to regulate life and health reinsurance agreements, to provide for reports to the commissioner by holding company systems, and to establish accounting practices and procedures to be used by insurers in their annual statements.

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33-2-1517 . Rulemaking authority. (1) The commissioner may adopt rules implementing the provisions of 33-1-408 through 33-1-410 , 33-2-1216 through 33-2-1218 , 33-2-1391 through 33-2-1394 , Title 33, chapter 2, parts 15 through 17, and 33-11-110 .
(2) The authority of the commissioner to adopt rules is specifically extended, without limitation, to establish standards for companies considered to be in hazardous financial condition, to require annual audited financial reports, to regulate life and health reinsurance agreements, to provide for reports to the commissioner by holding company systems, and to establish accounting practices and procedures to be used by insurers in their annual statements.

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