ARM 24.29.4336

ARM 24.29.4336. IN-HOUSE COUNSEL COST ALLOCATION

Last amended: 2024Length: 153 wordsOfficial source

Cite as Mont. Admin. R. 24.29.4336

(1) Insurers that use the services of in-house counsel for assistance in handling Montana indemnity claims shall report the cost of that legal assistance. (2) If the insurer does not separately track in-house legal costs on a per claim basis, the insurer shall report annually upon request by the department: (a) the dollar amount that represents the following information about the cost of in-house legal staff: (i) total compensation (salary and cost of benefits and employer contributions) of all attorneys who provide counsel on indemnity claims; (ii) total compensation of support staff (such as secretaries, paralegals, and assistants) working for those attorneys; and (iii) overhead costs attributable to the legal staff, such as a proportionate share of rent or building expense and administrative costs, such as payroll and accounting; and (b) a percentage figure that reasonably approximates the percentage of time spent by the attorneys providing advice, counsel or representation on indemnity claims.
ARM 24.29.4336: ARM 24.29.4336. IN-HOUSE COUNSEL COST ALLOCATION | Justis AI