Montana Code > Title 33 > Chapter 2 > Part 16 – Regulation of Managing General Agents


§ 33-2-1601	Licensure of managing general agent
§ 33-2-1602	Managing general agent — required contract provisions
§ 33-2-1603	Duties of insurers
§ 33-2-1604	Examination authority
§ 33-2-1605	Penalties and liabilities

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Federal Reserve System: The central bank of the United States. The Fed, as it is commonly called, regulates the U.S. monetary and financial system. The Federal Reserve System is composed of a central governmental agency in Washington, D.C. (the Board of Governors) and twelve regional Federal Reserve Banks in major cities throughout the United States. ^{Source: OCC}
Fiduciary: A trustee, executor, or administrator.
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Property: means real and personal property. See Montana Code 1-1-205
Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201