ARM 6.6.3904

ARM 6.6.3904. OTHER SECURITY FOR PAYMENT OF OBLIGATIONS UNDER CONTRACT

SupersededLast amended: 1993Length: 46 wordsOfficial source

Cite as Mont. Admin. R. 6.6.3904

(1) A ceding insurer may take credit for unencumbered funds withheld by the ceding insurer in the United States subject to withdrawal solely by the ceding insurer and under its exclusive control as another form of security acceptable to the commissioner under 33-2-1217(2) (d) , MCA.
ARM 6.6.3904: ARM 6.6.3904. OTHER SECURITY FOR PAYMENT OF OBLIGATIONS UNDER CONTRACT | Justis AI