Montana § 33-2-1601 Licensure Of Managing General Agent

Montana Statutes

§ 33-2-1601 — Licensure Of Managing General Agent

Montana § 33-2-1601

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 2REGULATION OF INSURANCE COMPANIES

Part 16Regulation of Managing General Agents

This text of Montana § 33-2-1601 (Licensure Of Managing General Agent) 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. § 33-2-1601 (2026).

Text

33-2-1601 . Licensure of managing general agent.

(1)A person, firm, association, or corporation may not act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed producer in this state.

(2)A person, firm, association, or corporation may not act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless the person is licensed as a resident or nonresident producer in this state pursuant to the provisions of this part.

(3)The commissioner may require a bond in an amount acceptable to the commissioner for the protection of the insurer.

(4)The commissioner may require the managing general agent to mai

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33-2-1601 . Licensure of managing general agent. (1) A person, firm, association, or corporation may not act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed producer in this state.
(2) A person, firm, association, or corporation may not act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless the person is licensed as a resident or nonresident producer in this state pursuant to the provisions of this part.
(3) The commissioner may require a bond in an amount acceptable to the commissioner for the protection of the insurer.
(4) The commissioner may require the managing general agent to maintain a policy on errors and omissions.