Mont. Code Ann. § 39-71-325

Claim summary and actuarial documentation for impaired insurer

Last amended: 2007Year: 2026Length: 73 wordsSubsections: 4Official source
39-71-325 . Claim summary and actuarial documentation for impaired insurer. (1) An insurer becomes impaired if the insurer: (a) becomes insolvent; (b) is placed in receivership or administration; (c) declares bankruptcy; or (d) seeks protection from its creditors. (2) An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.
Mont. Code Ann. § 39-71-325: Claim summary and actuarial documentation for impaired insurer | Justis AI