Montana Code 20-3-331. Purchase of insurance — self-insurance plan
20-3-331. Purchase of insurance — self-insurance plan. (1) To provide the district, trustees, and employees with liability insurance pursuant to 2-9-211 and group health and life insurance pursuant to 2-18-702, the trustees of a district may:
Terms Used In Montana Code 20-3-331
- district: means the territory, regardless of county boundaries, organized under the provisions of this title to provide public educational services under the jurisdiction of the trustees prescribed by this title. See Montana Code 20-6-101
- fund: means a separate detailed account of receipts and expenditures for a specific purpose as authorized by law or by the superintendent of public instruction under the provisions of subsection (2). See Montana Code 20-9-201
- Trustees: means the governing board of a district. See Montana Code 20-1-101
(a)purchase insurance coverage;
(b)participate in a district health insurance trust as defined in 20-3-366 for group health insurance; or
(c)establish a self-insurance plan for the district, trustees, and employees for liability as provided in 2-9-211 and for group health and life insurance as provided in 2-18-702.
(2)The trustees shall include the cost of coverage in the district’s general fund or in any other legally available fund, including the internal service fund referenced in subsection (3).
(3)Whenever the trustees of a district establish a self-insurance plan or participate in a district health insurance trust as defined in 20-3-366, the trustees shall establish an internal service fund to account for the activities of the self-insurance plan.