Montana § 33-27-117 Deduction Of Costs

Montana Statutes

§ 33-27-117 — Deduction Of Costs

Montana § 33-27-117

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 27INDEPENDENT LIABILITY FUND

Part 1General Provisions

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Bluebook

Mont. Code Ann. § 33-27-117 (2026).

Text

33-27-117 . Deduction of costs.

(1)The actual costs of administering an independent liability fund may be deducted from the fund or from income arising out of the money, assets, and investments in the fund. Such costs include the cost of defending against or negotiating a settlement of any liability claim, as well as the full amount of any claim paid.

(2)A small business may not deduct the cost of any in-house administration of its independent liability fund. The commissioner may review any third-party arrangement for administration of an independent liability fund to ascertain whether such costs are deductible under this section.

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33-27-117 . Deduction of costs. (1) The actual costs of administering an independent liability fund may be deducted from the fund or from income arising out of the money, assets, and investments in the fund. Such costs include the cost of defending against or negotiating a settlement of any liability claim, as well as the full amount of any claim paid.
(2) A small business may not deduct the cost of any in-house administration of its independent liability fund. The commissioner may review any third-party arrangement for administration of an independent liability fund to ascertain whether such costs are deductible under this section.