Montana § 33-2-1704 Duties Of Insurers Utilizing The Services Of A Reinsurance Intermediary-Broker

Montana Statutes

§ 33-2-1704 — Duties Of Insurers Utilizing The Services Of A Reinsurance Intermediary-Broker

Montana § 33-2-1704

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 2REGULATION OF INSURANCE COMPANIES

Part 17Regulation of Reinsurance Intermediaries

This text of Montana § 33-2-1704 (Duties Of Insurers Utilizing The Services Of A Reinsurance Intermediary-Broker) 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. § 33-2-1704 (2026).

Text

33-2-1704 . Duties of insurers utilizing the services of a reinsurance intermediary-broker.

(1)An insurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by 33-2-1701 .

(2)An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business unless the reinsurance intermediary-broker is under common control with the insurer and is subject to the provisions of Title 33, chapter 2, part 11.

(3)The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.

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33-2-1704 . Duties of insurers utilizing the services of a reinsurance intermediary-broker. (1) An insurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by 33-2-1701 .
(2) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business unless the reinsurance intermediary-broker is under common control with the insurer and is subject to the provisions of Title 33, chapter 2, part 11.
(3) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.