Montana § 33-35-209 Minimum Reserve Requirements

Montana Statutes

§ 33-35-209 — Minimum Reserve Requirements

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 35 MULTIPLE EMPLOYER WELFARE ARRANGEMENTS·Part 2 Certificate of Authority

33-35-209 . Minimum reserve requirements. Self-funded multiple employer welfare arrangements shall establish by the end of the first year of operations of the arrangement and shall maintain as of the end of each year of operations reserves equal to at least 30% of the unpaid claims liability of the arrangement. The commissioner may adopt rules regarding the supervision, rehabilitation, and liquidation of self-funded multiple employer welfare arrangements that fail to maintain the level of reserves required by this section.

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33-35-209 . Minimum reserve requirements. Self-funded multiple employer welfare arrangements shall establish by the end of the first year of operations of the arrangement and shall maintain as of the end of each year of operations reserves equal to at least 30% of the unpaid claims liability of the arrangement. The commissioner may adopt rules regarding the supervision, rehabilitation, and liquidation of self-funded multiple employer welfare arrangements that fail to maintain the level of reserves required by this section.

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