Montana Statutes
§ 33-2-602 — Purpose Of Deposit
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 2 REGULATION OF INSURANCE COMPANIES·Part 6 Deposits
33-2-602 . Purpose of deposit. Such deposits shall be held for purposes as follows:
(1)Deposits made in this state under 33-2-111 shall be held for the purpose stated in such section.
(2)A deposit made in this state by a domestic insurer transacting insurance in another state, province, or country and as required by the laws of such other state, province, or country shall be held for the protection of all the insurer's policyholders or all its policyholders and creditors or for such other purpose or purposes as may be specified pursuant to such laws.
(3)Deposits of reserves made by domestic life insurers under 33-2-416 shall be held for the common benefit of all the holders of its life insurance policies and annuity contracts.
(4)Deposits required pursuant to the retaliatory law, 33-2-
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Legislative History
En. Sec. 133, Ch. 286, L. 1959; R.C.M. 1947, 40-3202.
Nearby Sections
15
§ 33-2-1001
Repealed§ 33-2-1002
Repealed§ 33-2-1003
Repealed§ 33-2-1004
Repealed§ 33-2-1005
Repealed§ 33-2-1006
Repealed§ 33-2-1007
Repealed§ 33-2-101
Certificate Of Authority Required§ 33-2-103
Admission For Investment Only§ 33-2-106
General Eligibility Of Insurers§ 33-2-107
Name -- Dissimilar§ 33-2-108
Combinations Of Insuring Powers