Montana Statutes
§ 33-7-525 — Insurance Producer Defined -- Fraternal Benefit Society Insurance Contracts
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 7 FRATERNAL BENEFIT SOCIETIES·Part 5 Insurance Operations
33-7-525 . Insurance producer defined -- fraternal benefit society insurance contracts.
(1)The term "insurance producer", as used in this chapter, means any authorized or acknowledged insurance producer of a society who acts as an insurance producer in the solicitation, negotiation, or sale of a life insurance, accident and health insurance, or annuity contract.
(2)The term does not include any regular salaried officer or employee of a licensed society who devotes substantially all of the officer's or employee's services to activities other than the solicitation of fraternal insurance contracts from the public and who receives for the solicitation of the contracts no commission or other compensation directly dependent upon the amount of business obtained.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 33-7-525 (Insurance Producer Defined -- Fraternal Benefit Society Insurance Contracts) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 657, Ch. 286, L. 1959; R.C.M. 1947, 40-5344(2); amd. Sec. 15, Ch. 303, L. 1981; amd. Sec. 1, Ch. 713, L. 1989; amd. Sec. 8, Ch. 427, L. 2003.
Nearby Sections
15
§ 33-7-101
Repealed§ 33-7-102
Repealed§ 33-7-103
Repealed§ 33-7-104
Repealed§ 33-7-105
Fraternal Benefit Societies§ 33-7-106
Lodge System§ 33-7-107
Representative Form Of Government§ 33-7-108
Definitions§ 33-7-109
Purposes And Powers§ 33-7-110
Qualification For Membership§ 33-7-111
Repealed§ 33-7-112
Repealed§ 33-7-113
Repealed§ 33-7-114
Repealed§ 33-7-115
Repealed