Addendum to August 29, 2007 Advisory Memorandum Regarding Amendment to § 33-23-203, Mont. Code Ann., Limitation of Liability Under Motor Vehicle Liability Policy ("AntiStacking Statute") - New Certification

COMMISSIONER OF SECURITIES AND INSURANCE Troy Downing Office of the Commissioner Montana State Auditor 840 Helena Avenue, Helena, Montana 59601 (main fax) 406.444.3413 I (securities fax) 406.444.5558 (insurance consumer services fax) 406.444.1980 I (legal fax) 406.444.3499 (phone) 800.332.6148 or 406.444.2040 I (email) csi@mt.gov I (web) www.csimt.gov ADDENDUM TO ADVISORY MEMORANDUM To: ALL INTERESTED PERSONS From: TROY DOWNING Commissioner of Securities and Insurance, Montana State Auditor Date: 11/04/2024 Addendum to August 29, 2007 Advisory Memorandum Regarding Amendment to § 33-23-203, Mont. Code Ann., Limitation of Liability Under Motor Vehicle Liability Policy ("Anti- Stacking Statute") - New Certification Background On August 29, 2007, the Commissioner of Securities and Insurance, Montana State Auditor (CSI) issued an advisory memorandum related to House Bill 587 amending § 33-23-203, Mont. Code Ann., which allows an insurer to avoid stacking “if the premiums charged for the coverage by the insurer actuarially reflect the limiting of coverage separately to the vehicles covered by the policy and premium rates have been filed with” CSI. The last paragraph of that advisory memorandum references instructions and a checklist for filing new rates intended to avoid stacking. CSI has developed a new certification for compliance with § 33-23-203, MCA. Accordingly, the last paragraph of the August 29, 2007 advisory memorandum is rescinded because the instructions and checklist referenced therein are no longer in effect. Guidance A new certification titled, Montana Certification of Compliance for UM, UIM, and Med-Pay Coverages is available on the CSI website at csimt.gov under Rates and following this advisory memo. If you have questions regarding this matter, please contact CSI at 406-444-2040. This advisory memorandum is informational only and does not enlarge, delimit, or otherwise modify any requirements of applicable law or in any way limit the authority of CSI under applicable law. CSI encourages interested persons to consult with independent legal counsel for guidance on the application of law to any particular circumstances. v 10/2024 840 Helena Ave Helena, MT 59601 Phone: 406.444.2040 or 800.332.6148 Fax: 406.444.3413 www.csimt.gov MONTANA CERTIFICATION OF COMPLIANCE FOR UM, UIM, AND MED-PAY COVERAGES SERFF Filing Number , I, , on behalf of , [Qualified Credentialed Actuary Name] [Company Name] do hereby certify the following (please check one): [check box] The Company allows “stacking” of UM, UIM, and Med-Pay limits. [check box] The Company does not allow “stacking” of all or some of UM, UIM, and Med-Pay, and the premiums charged for the coverage by the Company actuarially reflects the limiting of coverage separately to the vehicles covered by the policy per § 33-23-203(1)(c), MCA. I certify that a complete copy of UM, UIM and Med-Pay premiums and/or rates have been filed with the Commissioner of Securities and Insurance, Office of the Montana State Auditor. I understand that this certification in no way excuses compliance with any provision of Montana law. Qualified Credentialed Actuary Signature Date Title Email Address Telephone Number Mailing Address City, State, Zip SIGN