Montana Code 33-17-513. Restrictions on insurers recommended by licensee
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33-17-513. Restrictions on insurers recommended by licensee. A person licensed as an insurance consultant under this part may not recommend or encourage the purchase of insurance, annuities, or securities from an authorized insurer in which the person or any member of the person’s immediate family holds an executive position or holds a substantial interest.
Terms Used In Montana Code 33-17-513
- Consultant: means an individual who for a fee examines, appraises, reviews, evaluates, makes recommendations, or gives advice regarding an insurance policy, annuity, or pension contract, plan, or program. See Montana Code 33-17-102
- Person: means an individual or a business entity. See Montana Code 33-17-102