Montana § 33-22-1302 Reinsurance Association -- Mandatory Membership -- Exceptions

Montana Statutes

§ 33-22-1302 — Reinsurance Association -- Mandatory Membership -- Exceptions

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 22 DISABILITY INSURANCE·Part 13 Montana Reinsurance Association Act

33-22-1302 . Reinsurance association -- mandatory membership -- exceptions.

(1)The Montana reinsurance association is established as a nonprofit legal entity. As a condition of doing business, an insurer that has issued or renewed disability insurance, as defined in 33-1-207 , regardless of license type, in this state in the past 12 months must be a member of the association.

(2)Disability insurers are exempt from the requirement to be association members and are not subject to the assessment in 33-22-1313 if the insurers solely issue or administer one or more of the following coverage types under the Montana Insurance Code:

(a)self-funded multiple employer welfare arrangements licensed under chapter 35;

(b)disability insurance sold through a fraternal benefit society as described in c

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33-22-1302 . Reinsurance association -- mandatory membership -- exceptions. (1) The Montana reinsurance association is established as a nonprofit legal entity. As a condition of doing business, an insurer that has issued or renewed disability insurance, as defined in 33-1-207 , regardless of license type, in this state in the past 12 months must be a member of the association.
(2) Disability insurers are exempt from the requirement to be association members and are not subject to the assessment in 33-22-1313 if the insurers solely issue or administer one or more of the following coverage types under the Montana Insurance Code:
(a) self-funded multiple employer welfare arrangements licensed under chapter 35;
(b) disability insurance sold through a fraternal benefit society as described in chapter 7;
(c) excepted benefits as defined in 33-22-140 ;
(d) long-term care insurance as described in chapter 22, part 11; or
(e) disability income insurance as defined in 33-1-235 .

Montana § 33-22-1302 (Reinsurance Association -- Mandatory Membership -- Exceptions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.