33-2-2105. Rulemaking authority
33-2-2105. Rulemaking authority. The commissioner may, upon notice and opportunity for all interested persons to be heard, issue rules and orders necessary to carry out the provisions of this part. History: En. Sec. 5, Ch. 9, L. 2017.
33-2-2106. Contents of corporate governance annual disclosure
33-2-2106. Contents of corporate governance annual disclosure. (1) The insurer or insurance group has discretion over the responses to the CGAD inquiries provided that the CGAD contains the material information necessary to permit the commissioner to gain an understanding of the insurer’s or group’s corporate governance structure, policies, and practices. The commissioner may request additional information […]
33-2-2107. Confidentiality
33-2-2107. Confidentiality. (1) Documents, materials, or other information, including the CGAD, in the possession or control of the department of insurance that are obtained by, created by, or disclosed to the commissioner or any other person under this part are recognized by the state as being proprietary and to contain trade secrets. These documents, materials, and […]
33-2-2108. NAIC and third-party consultants
33-2-2108. NAIC and third-party consultants. (1) The commissioner may retain, at the insurer’s expense, third-party consultants, including attorneys, actuaries, accountants, and other experts not otherwise a part of the commissioner’s staff, as may be reasonably necessary to assist the commissioner in reviewing the CGAD and related information or the insurer’s compliance with this part. (2) Any persons […]
33-2-2109. Sanctions — penalties
33-2-2109. Sanctions — penalties. Any insurer failing, without just cause, to timely file the CGAD as required in this part shall, after notice and hearing, pay a penalty of $100 for each day’s delay to the commissioner. The penalty must be collected by the commissioner in the name of the state of Montana and deposited in […]
33-2-2201. Certificate of authority required
33-2-2201. Certificate of authority required. (1) A private air ambulance service subject to this part shall obtain a certificate of authority from the commissioner prior to selling, soliciting, or negotiating a membership agreement in Montana. (2) A private air ambulance service applying for a certificate of authority shall submit an application on a form prescribed by the […]
33-2-2101. Short title
33-2-2101. Short title. This part may be cited as the “Corporate Governance Annual Disclosure Act”. History: En. Sec. 1, Ch. 9, L. 2017.
33-2-2102. Purpose — scope
33-2-2102. Purpose — scope. (1) The purpose of this part is to: (a) provide to the insurance commissioner a summary of an insurer or insurance group’s corporate governance structure, policies, and practices to permit the commissioner to gain and maintain an understanding of the insurer’s corporate governance framework; (b) outline the requirements for completing a corporate governance annual […]
33-2-1910. Supplemental provisions — rules — exemption
33-2-1910. Supplemental provisions — rules — exemption. (1) The provisions of this part are supplemental to any other provisions of the laws of this state and do not preclude or limit any other powers or duties of the commissioner under the law, including but not limited to Title 33, chapter 2, part 13. (2) The commissioner may […]
33-2-1911. Foreign insurers
33-2-1911. Foreign insurers. (1) A foreign insurer shall, upon the written request of the commissioner, submit to the commissioner an RBC report for the previous calendar year on the later of: (a) the date that an RBC report would be required to be filed by a domestic insurer under 33-2-1903; or (b) 15 days after the request is […]