Montana § 33-4-401 Surplus Funds Required

Montana Statutes

§ 33-4-401 — Surplus Funds Required

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

33-4-401 . Surplus funds required. A domestic farm mutual insurer is authorized to transact insurance if it is otherwise in compliance with the applicable provisions of this chapter and if it maintains surplus funds as follows:

(1)if a state mutual insurer or a county mutual insurer that has changed its status to that of a state mutual insurer pursuant to the provisions of 33-4-204 , surplus of not less than $200,000; or

(2)if a county mutual insurer, surplus of not less than $50,000.

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33-4-401 . Surplus funds required. A domestic farm mutual insurer is authorized to transact insurance if it is otherwise in compliance with the applicable provisions of this chapter and if it maintains surplus funds as follows:
(1) if a state mutual insurer or a county mutual insurer that has changed its status to that of a state mutual insurer pursuant to the provisions of 33-4-204 , surplus of not less than $200,000; or
(2) if a county mutual insurer, surplus of not less than $50,000.

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