Montana Code > Title 33 > Chapter 3 > Part 7 – Disclosure of Material Transactions
Current as of: 2023 | Check for updates
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Other versions
§ 33-3-701 | Short title |
§ 33-3-702 | Report |
§ 33-3-703 | Acquisitions and dispositions of assets |
§ 33-3-704 | Nonrenewals, cancellations, or revisions of ceded reinsurance agreements |
Terms Used In Montana Code > Title 33 > Chapter 3 > Part 7 - Disclosure of Material Transactions
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- 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
- 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
- Subpoena: A command to a witness to appear and give testimony.