Montana § 39-71-325 Claim Summary And Actuarial Documentation For Impaired Insurer

Montana Statutes

§ 39-71-325 — Claim Summary And Actuarial Documentation For Impaired Insurer

Montana·Title 39 LABOR·Ch. 71 WORKERS' COMPENSATION·Part 3 Miscellaneous Provisions

39-71-325 . Claim summary and actuarial documentation for impaired insurer.

(1)An insurer becomes impaired if the insurer:

(a)becomes insolvent;

(b)is placed in receivership or administration;

(c)declares bankruptcy; or

(d)seeks protection from its creditors.

(2)An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.

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39-71-325 . Claim summary and actuarial documentation for impaired insurer. (1) An insurer becomes impaired if the insurer:
(a) becomes insolvent;
(b) is placed in receivership or administration;
(c) declares bankruptcy; or
(d) seeks protection from its creditors.
(2) An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.

Montana § 39-71-325 (Claim Summary And Actuarial Documentation For Impaired Insurer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.