Montana § 33-28-106 Dividends

Montana Statutes

§ 33-28-106 — Dividends

Montana § 33-28-106

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 28CAPTIVE INSURANCE COMPANIES

Part 1General Provisions and Licensing

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Bluebook

Mont. Code Ann. § 33-28-106 (2026).

Text

33-28-106 . Dividends.

(1)A captive insurance company may not pay a dividend out of, or other distribution with respect to, capital or surplus without the prior approval of the commissioner.

(2)Approval of an ongoing plan for the payment of dividends or other distributions must be conditioned upon retention, at the time of each payment, of capital surplus in excess of the amounts specified by or determined in accordance with formulas approved by the commissioner.

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33-28-106 . Dividends. (1) A captive insurance company may not pay a dividend out of, or other distribution with respect to, capital or surplus without the prior approval of the commissioner.
(2) Approval of an ongoing plan for the payment of dividends or other distributions must be conditioned upon retention, at the time of each payment, of capital surplus in excess of the amounts specified by or determined in accordance with formulas approved by the commissioner.