Montana Code 33-2-204. Purpose and duration
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33-2-204. Purpose and duration. The deposit required by 33-2-202 shall be for the benefit, security, and protection of the policyholders or policyholders and creditors of the insurer in the United States. It shall be maintained as long as there is outstanding any liability of the insurer arising out of its insurance transactions in the United States.
Terms Used In Montana Code 33-2-204
- United States: includes the District of Columbia and the territories. See Montana Code 1-1-201