Mont. Code Ann. § 33-2-1341
This is the official text of Mont. Code Ann. § 33-2-1341, part of Montana’s Code Ann — part of the compiled statutory law of Montana, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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33-2-1341 Grounds for liquidation
Official statutory text
33-2-1341 . Grounds for liquidation. The commissioner may petition the district court for an order directing the commissioner to liquidate a domestic insurer or an alien insurer domiciled in this state on the basis:
(1) of any ground for an order of rehabilitation as specified in 33-2-1331 , whether or not there has been a prior order directing the rehabilitation of the insurer;
(2) that the insurer is insolvent; or
(3) that the insurer is in a condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.
(1) of any ground for an order of rehabilitation as specified in 33-2-1331 , whether or not there has been a prior order directing the rehabilitation of the insurer;
(2) that the insurer is insolvent; or
(3) that the insurer is in a condition that the further transaction of business would be hazardous, financially or otherwise, to its policyholders, its creditors, or the public.
Status: in_force · Read it on the official government site
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