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

Montana Statutes

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

Montana § 33-28-303

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 28CAPTIVE INSURANCE COMPANIES

Part 3Protected Cell Captive Insurance Companies

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Bluebook

Mont. Code Ann. § 33-28-303 (2026).

Text

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.