Montana Statutes
§ 33-27-114 — Limit On The Amount Of Fund
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 27 INDEPENDENT LIABILITY FUND·Part 1 General Provisions
33-27-114 . Limit on the amount of fund. The independent liability fund of any small business may not be greater than the larger of the following:
(1)the total of all legally required liability insurance; or
(2)five times the gross sales of the small business in its most recent fiscal year.
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Legislative History
En. Sec. 7, Ch. 564, L. 1987.
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