Montana Statutes
§ 33-25-302 — Disapproval Of Agency Contracts
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 25 MONTANA TITLE INSURANCE ACT·Part 3 Regulation by Commissioner of Insurance
33-25-302 . Disapproval of agency contracts.
(1)The commissioner may disapprove a title agency contract between a title insurance producer and title insurer, upon appropriate notice to the parties to the contract, if the commissioner finds that the contract, together with all amendments and related documents:
(a)does not provide for adequate monitoring of the insurance producer's financial transactions; or
(b)provides for inadequate, unreasonable, or excessive amounts to be paid to or retained by the title insurance producer. Factors the commissioner may consider in this determination include but are not limited to the insurance producer's duties under the contract and the general level of amounts paid to or retained by other title insurance producers in the state performing or assuming
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Legislative History
En. Sec. 8, Ch. 519, L. 1985; amd. Sec. 64, Ch. 713, L. 1989; amd. Sec. 1238, Ch. 56, L. 2009.
Nearby Sections
15
§ 33-25-101
Renumbered 33-25-211§ 33-25-102
Renumbered 33-25-212§ 33-25-103
Repealed§ 33-25-104
Short Title§ 33-25-105
Definitions§ 33-25-106
Application§ 33-25-107
Through 33-25-110 Reserved§ 33-25-202
Sharing Of Rate Proceeds§ 33-25-203
Through 33-25-210 Reserved§ 33-25-211
Guaranty Fund -- Investments§ 33-25-212
Rates Filed With Commissioner§ 33-25-213
Limitations On Authority§ 33-25-214
Underwriting Standards -- Record Retention