Montana § 33-4-314 Annual Statement -- Exclusive Report -- Penalty For Failure To File

Montana Statutes

§ 33-4-314 — Annual Statement -- Exclusive Report -- Penalty For Failure To File

Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 4 FARM MUTUAL INSURERS·Part 3 Management

33-4-314 . Annual statement -- exclusive report -- penalty for failure to file.

(1)A report, statement, or return of any nature may not be required of any farm mutual insurer other than those required by 33-4-313 .

(2)The commissioner may:

(a)suspend or revoke the certificate of authority of any insurer failing to file its annual statement as required; or

(b)impose a fine of up to $100 a day for each day that an insurer is late in filing its annual statement, with the aggregate penalty not to exceed $1,000.

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33-4-314 . Annual statement -- exclusive report -- penalty for failure to file. (1) A report, statement, or return of any nature may not be required of any farm mutual insurer other than those required by 33-4-313 .
(2) The commissioner may:
(a) suspend or revoke the certificate of authority of any insurer failing to file its annual statement as required; or
(b) impose a fine of up to $100 a day for each day that an insurer is late in filing its annual statement, with the aggregate penalty not to exceed $1,000.

Montana § 33-4-314 (Annual Statement -- Exclusive Report -- Penalty For Failure To File) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.