Montana § 33-7-525 Insurance Producer Defined -- Fraternal Benefit Society Insurance Contracts

Montana Statutes

§ 33-7-525 — Insurance Producer Defined -- Fraternal Benefit Society Insurance Contracts

Montana § 33-7-525

Title 33INSURANCE AND INSURANCE COMPANIES

Ch. 7FRATERNAL BENEFIT SOCIETIES

Part 5Insurance Operations

This text of Montana § 33-7-525 (Insurance Producer Defined -- Fraternal Benefit Society Insurance Contracts) 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. § 33-7-525 (2026).

Text

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.

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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.

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.