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33-22-1302. Reinsurance association -- mandatory membership -- exceptions

MT Code § 33-22-1302 (2019) (N/A)
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33-22-1302. (Temporary) 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. (Void on occurrence of contingency--sec. 18, Ch. 210, L. 2019--see part compiler's comments.)

History: En. Sec. 2, Ch. 210, L. 2019.

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