Montana Code > Title 33 > Chapter 2 > Part 1 – Authorization of Insurers


§ 33-2-101	Certificate of authority required
§ 33-2-102	Exceptions to certificate of authority requirement
§ 33-2-103	Admission for investment only
§ 33-2-104	Representing or aiding unauthorized insurer prohibited
§ 33-2-105	Suits by unauthorized insurers prohibited
§ 33-2-106	General eligibility of insurers
§ 33-2-107	Name — dissimilar
§ 33-2-108	Combinations of insuring powers
§ 33-2-109	Capital or surplus funds required
§ 33-2-110	Special surplus required
§ 33-2-111	Deposit requirement
§ 33-2-112	Management qualifications and affiliations
§ 33-2-115	Application for certificate of authority
§ 33-2-116	Issuance or refusal of certificate of authority — state ownership of certificate
§ 33-2-117	Renewal, expiration, reinstatement, and amendment of certificate of authority
§ 33-2-118	Mandatory revocation or suspension of certificate of authority
§ 33-2-119	Suspension or revocation for violations and special grounds
§ 33-2-120	Notice of suspension or revocation — effect upon producer’s authority
§ 33-2-121	Duration of suspension — insurer’s obligations — reinstatement
§ 33-2-122	Rights and duties of foreign insurer
§ 33-2-126	Admission as domestic insurer — conversion to foreign insurer
§ 33-2-127	Effects of transfer of domicile
§ 33-2-128	Authority to promulgate rules and regulations

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Terms Used In Montana Code > Title 33 > Chapter 2 > Part 1 - Authorization of Insurers

Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
Property: means real and personal property. See Montana Code 1-1-205
Service of process: The service of writs or summonses to the appropriate party.
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
Writing: includes printing. See Montana Code 1-1-203