Montana § 33-4-407 Profits Or Dividends

Montana Statutes

§ 33-4-407 — Profits Or Dividends

Montana § 33-4-407

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 4FARM MUTUAL INSURERS

Part 4Finance

This text of Montana § 33-4-407 (Profits Or Dividends) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 33-4-407 (2026).

Text

33-4-407 . Profits or dividends. An insurer may not accumulate any profits or pay any dividends. This provision does not prohibit an insurer from accumulating and maintaining surplus funds as required to be maintained by the insurer under this chapter or from accumulating and maintaining other voluntary reserves for purposes and in amounts that may be reasonable. Limitations on any accumulations and the purposes of the accumulations may be provided for in the insurer's bylaws.

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33-4-407 . Profits or dividends. An insurer may not accumulate any profits or pay any dividends. This provision does not prohibit an insurer from accumulating and maintaining surplus funds as required to be maintained by the insurer under this chapter or from accumulating and maintaining other voluntary reserves for purposes and in amounts that may be reasonable. Limitations on any accumulations and the purposes of the accumulations may be provided for in the insurer's bylaws.