Montana § 33-2-306 Surplus Lines Insurance Producer's Authority Under License -- Acceptance Of Business From Other Insurance Producers

Montana Statutes

§ 33-2-306 — Surplus Lines Insurance Producer's Authority Under License -- Acceptance Of Business From Other Insurance Producers

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 2 REGULATION OF INSURANCE COMPANIES·Part 3 Authorization of Surplus Lines Insurers, Insurance Producers, and Insurance

33-2-306 . Surplus lines insurance producer's authority under license -- acceptance of business from other insurance producers.

(1)Under a surplus lines insurance producer's license, the licensee may place surplus lines insurance, in compliance with this part, with a domestic surplus lines insurer or a foreign or alien insurer not authorized to transact insurance in this state and may act as a surplus lines insurance producer in this state for the insurer.

(2)The surplus lines insurance producer may accept surplus lines insurance from a licensed insurance producer of an authorized insurer or, if the commissioner agrees in advance, through an individual or business entity that has not been appointed as an insurance producer in this state and may provide compensation for the service, notwi

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33-2-306 . Surplus lines insurance producer's authority under license -- acceptance of business from other insurance producers. (1) Under a surplus lines insurance producer's license, the licensee may place surplus lines insurance, in compliance with this part, with a domestic surplus lines insurer or a foreign or alien insurer not authorized to transact insurance in this state and may act as a surplus lines insurance producer in this state for the insurer.
(2) The surplus lines insurance producer may accept surplus lines insurance from a licensed insurance producer of an authorized insurer or, if the commissioner agrees in advance, through an individual or business entity that has not been appointed as an insurance producer in this state and may provide compensation for the service, notwithstanding 33-17-1103 .
(3) A surplus lines insurance producer who places or renews surplus lines insurance in accordance with subsection (1) may collect an inspection fee for the actual costs of inspecting the risk to be covered.

Montana § 33-2-306 (Surplus Lines Insurance Producer's Authority Under License -- Acceptance Of Business From Other Insurance Producers) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 190, Ch. 286, L. 1959; R.C.M. 1947, 40-3415; amd. Sec. 7, Ch. 537, L. 1987; amd. Sec. 4, Ch. 285, L. 1989; amd. Secs. 1, 2, Ch. 713, L. 1989; amd. Sec. 2, Ch. 180, L. 1991; amd. Sec. 1080, Ch. 56, L. 2009; amd. Sec. 5, Ch. 271, L. 2009; amd. Sec. 3, Ch. 313, L. 2009; amd. Sec. 11, Ch. 8, L. 2025.