Montana Statutes
§ 33-7-532 — Insurance Producer Licensing -- Fraternal Benefit Society
Montana·Title 33 INSURANCE AND INSURANCE COMPANIES·Ch. 7 FRATERNAL BENEFIT SOCIETIES·Part 5 Insurance Operations
33-7-532 . Insurance producer licensing -- fraternal benefit society.
(1)A society's insurance producer is considered to be an insurance producer and is subject to the same licensing requirements as insurance producers under Title 33, chapter 17.
(2)A society doing business in this state may not pay to a person who is not a licensed insurance producer of the society any commission or other compensation for any services in obtaining in this state any new contract of life, accident, or health insurance or any new annuity contract.
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Legislative History
En. Sec. 33, Ch. 586, L. 1991; amd. Sec. 9, 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Repealed§ 33-7-102
Repealed§ 33-7-103
Repealed§ 33-7-104
Repealed§ 33-7-105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Repealed§ 33-7-112
Repealed§ 33-7-113
Repealed§ 33-7-114
Repealed§ 33-7-115
Repealed