Mont. Code Ann. § 33-2-602
This is the official text of Mont. Code Ann. § 33-2-602, 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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33-2-602 Purpose of deposit
Official statutory text
33-2-602 . Purpose of deposit. Such deposits shall be held for purposes as follows:
(1) Deposits made in this state under 33-2-111 shall be held for the purpose stated in such section.
(2) A deposit made in this state by a domestic insurer transacting insurance in another state, province, or country and as required by the laws of such other state, province, or country shall be held for the protection of all the insurer's policyholders or all its policyholders and creditors or for such other purpose or purposes as may be specified pursuant to such laws.
(3) Deposits of reserves made by domestic life insurers under 33-2-416 shall be held for the common benefit of all the holders of its life insurance policies and annuity contracts.
(4) Deposits required pursuant to the retaliatory law, 33-2-709 , shall be held for such purposes as is required by such law and as specified by the commissioner's order requiring such deposit to be made.
(1) Deposits made in this state under 33-2-111 shall be held for the purpose stated in such section.
(2) A deposit made in this state by a domestic insurer transacting insurance in another state, province, or country and as required by the laws of such other state, province, or country shall be held for the protection of all the insurer's policyholders or all its policyholders and creditors or for such other purpose or purposes as may be specified pursuant to such laws.
(3) Deposits of reserves made by domestic life insurers under 33-2-416 shall be held for the common benefit of all the holders of its life insurance policies and annuity contracts.
(4) Deposits required pursuant to the retaliatory law, 33-2-709 , shall be held for such purposes as is required by such law and as specified by the commissioner's order requiring such deposit to be made.
Status: in_force · Read it on the official government site
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