ARM 24.210.438. LIABILITY INSURANCE DEDUCTIBLE

(1) Per 37-51-325, MCA, a firm may provide professional liability insurance coverage to an affiliated real estate broker or salesperson under a policy with a maximum deductible between $10,000 and $100,000 per claim only upon board approval. (2) To obtain approval, a real estate firm must submit a letter from a qualified accountant stating that the firm is financially able to pay the difference between the deductible in the firm’s professional liability policy and $10,000. A qualified accountant is an actively licensed accountant in good standing with their regulatory authority.