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.

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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.