Montana § 33-20-1304 Issuance Of License

Montana Statutes

§ 33-20-1304 — Issuance Of License

Montana § 33-20-1304

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 20LIFE INSURANCE

Part 13Viatical Settlements

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Bluebook

Mont. Code Ann. § 33-20-1304 (2026).

Text

33-20-1304 . Issuance of license.

(1)The commissioner may issue a license to the applicant if the commissioner determines that the applicant:

(a)has satisfied all of the requirements for the license for which an application is made;

(b)has not engaged in conduct that would authorize the commissioner to refuse to issue a license under this part; and

(c)is financially responsible and has a good business reputation.

(2)If the commissioner denies an application, the commissioner shall inform the applicant and state the grounds for the denial.

(3)An individual may act as a viatical settlement provider or viatical settlement broker under the authority of the license of a firm or of a corporate viatical settlement provider whether or not the individual holds a license as a viatical settleme

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33-20-1304 . Issuance of license. (1) The commissioner may issue a license to the applicant if the commissioner determines that the applicant:
(a) has satisfied all of the requirements for the license for which an application is made;
(b) has not engaged in conduct that would authorize the commissioner to refuse to issue a license under this part; and
(c) is financially responsible and has a good business reputation.
(2) If the commissioner denies an application, the commissioner shall inform the applicant and state the grounds for the denial.
(3) An individual may act as a viatical settlement provider or viatical settlement broker under the authority of the license of a firm or of a corporate viatical settlement provider whether or not the individual holds a license as a viatical settlement provider if:
(a) the individual is a member or employee of the firm or is an employee, officer, or director of the corporation; and
(b) the individual is designated by the firm or corporation on its license application or on a form that amends or supplements the application as being authorized to act as a viatical settlement provider under the authority of the license.