Montana Code 33-5-405. Subscribers’ liability on judgment
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33-5-405. Subscribers’ liability on judgment. (1) An action may not lie against any subscriber upon any obligation claimed against the insurer until a final judgment has been obtained against the insurer and remains unsatisfied for 30 days.
Terms Used In Montana Code 33-5-405
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(2)Any judgment described in subsection (1) is binding upon each subscriber only in the proportion that the subscriber’s interests may appear and in an amount not exceeding the subscriber’s contingent liability, if any.