Montana § 33-25-302 Disapproval Of Agency Contracts

Montana Statutes

§ 33-25-302 — Disapproval Of Agency Contracts

Montana § 33-25-302

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 25MONTANA TITLE INSURANCE ACT

Part 3Regulation by Commissioner of Insurance

This text of Montana § 33-25-302 (Disapproval Of Agency Contracts) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-25-302 (2026).

Text

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

Free access — add to your briefcase to read the full text and ask questions with AI

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 comparable duties.
(2) A person may not act as a title insurance producer under an agency contract that has been disapproved by the commissioner.