Montana Statutes
§ 33-27-102 — Purpose
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 27 INDEPENDENT LIABILITY FUND·Part 1 General Provisions
33-27-102 . Purpose. The purpose of 15-30-2118 , 15-31-117 , 15-31-118 , and this chapter is to create a means by which small businesses operating in Montana may establish independent liability funds to set aside assets or make investments to meet any liability claims that might be made against the small businesses by third parties.
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Legislative History
En. Sec. 2, Ch. 564, L. 1987; amd. Sec. 51, Ch. 503, L. 2021.
Nearby Sections
14
§ 33-27-101
Short Title§ 33-27-102
Purpose§ 33-27-103
Definitions§ 33-27-104
Rules§ 33-27-105
Through 33-27-110 Reserved§ 33-27-112
Establishment Of Independent Liability Fund§ 33-27-113
Additions To Independent Liability Fund§ 33-27-114
Limit On The Amount Of Fund§ 33-27-115
Composition Of Independent Liability Fund§ 33-27-116
Inviolability Of Fund§ 33-27-117
Deduction Of Costs§ 33-27-119
Termination Of Independent Liability Fund