33-1-1510. Surplus lines insurance offenses.
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/mt/title-33/chapter-1/part-15/33-1-1510·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-1-1510 . Surplus lines insurance offenses.
(1)A person commits the offense of surplus lines offense if the person knowingly or negligently:
(a)issues or delivers a false policy or cover note or certification of insurance, as those documents are described in 33-2-308 , related to the terms of a surplus lines insurance policy; or
(b)fails to notify an insured of a material change in the coverage described in 33-2-308 in writing within 30 days of any material change in the insurance coverage.
(2)A person convicted of a surplus lines insurance offense shall be fined not less than $50 or more than $1,000 or be imprisoned in the county detention center for not less than 30 days or more than 90 days, or both.