Montana Code 33-2-514. Reserve for disability insurance
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33-2-514. Reserve for disability insurance. (1) For all disability insurance policies, the insurer shall maintain an active life reserve that places a sound value on its liabilities under the policies and that may not be less than the pro rata gross unearned premiums for the policies.
Terms Used In Montana Code 33-2-514
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(2)The commissioner may promulgate rules to define additional standards for reserve requirements.