33-22-1302. Reinsurance association -- mandatory membership -- exceptions.
154 words·~1 min read·
/mt/title-33/chapter-22/part-13/33-22-1302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-22-1302 . Reinsurance association -- mandatory membership -- exceptions.
(1)The Montana reinsurance association is established as a nonprofit legal entity. As a condition of doing business, an insurer that has issued or renewed disability insurance, as defined in 33-1-207 , regardless of license type, in this state in the past 12 months must be a member of the association.
(2)Disability insurers are exempt from the requirement to be association members and are not subject to the assessment in 33-22-1313 if the insurers solely issue or administer one or more of the following coverage types under the Montana Insurance Code:
(a)self-funded multiple employer welfare arrangements licensed under chapter 35;
(b)disability insurance sold through a fraternal benefit society as described in chapter 7;
(c)excepted benefits as defined in 33-22-140 ;
(d)long-term care insurance as described in chapter 22, part 11; or
(e)disability income insurance as defined in 33-1-235 .