Montana Statutes
§ 33-5-501 — Insuring Powers Of Reciprocals
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 5 RECIPROCAL INSURERS·Part 5 Insurance Operations
33-5-501 . Insuring powers of reciprocals.
(1)A reciprocal insurer may, upon qualifying therefor as provided for by this code, transact any kind or kinds of insurance defined by this code, other than life or title insurances.
(2)Such an insurer may purchase reinsurance and may grant reinsurance as to any kind of insurance it is authorized to transact.
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Legislative History
En. Sec. 541, Ch. 286, L. 1959; R.C.M. 1947, 40-5004.
Nearby Sections
15
§ 33-5-101
Scope Of Chapter -- Existing Insurers§ 33-5-102
Definitions§ 33-5-103
Name -- Suits§ 33-5-104
Attorney -- Not Doing Business§ 33-5-201
Organization Of Reciprocal Insurer§ 33-5-202
Merger Or Conversion§ 33-5-301
Power Of Attorney§ 33-5-302
Modifications§ 33-5-303
Attorney's Bond§ 33-5-304
Action On Bond§ 33-5-401
Surplus Funds Required§ 33-5-402
Contributions To Insurer§ 33-5-404
Subscribers' Liability