Montana § 33-28-303 Delinquency Of Protected Cell Captive Insurance Company

Montana Statutes

§ 33-28-303 — Delinquency Of Protected Cell Captive Insurance Company

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 28 CAPTIVE INSURANCE COMPANIES·Part 3 Protected Cell Captive Insurance Companies

33-28-303 . Delinquency of protected cell captive insurance company. If delinquency proceedings have been taken against a protected cell captive insurance company:

(1)the assets of a protected cell may not be used to pay any expenses other than those attributable to the protected cell; and

(2)the capital and surplus of the protected cell captive insurance company must be available at all times to pay expenses of or claims against the protected cell captive insurance company.

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33-28-303 . Delinquency of protected cell captive insurance company. If delinquency proceedings have been taken against a protected cell captive insurance company:
(1) the assets of a protected cell may not be used to pay any expenses other than those attributable to the protected cell; and
(2) the capital and surplus of the protected cell captive insurance company must be available at all times to pay expenses of or claims against the protected cell captive insurance company.

Montana § 33-28-303 (Delinquency Of Protected Cell Captive Insurance Company) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.