33-4-401. Surplus funds required.
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/mt/title-33/chapter-4/part-4/33-4-401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
33-4-401 . Surplus funds required. A domestic farm mutual insurer is authorized to transact insurance if it is otherwise in compliance with the applicable provisions of this chapter and if it maintains surplus funds as follows:
(1)if a state mutual insurer or a county mutual insurer that has changed its status to that of a state mutual insurer pursuant to the provisions of 33-4-204 , surplus of not less than $200,000; or
(2)if a county mutual insurer, surplus of not less than $50,000.