33-16-1006. Repealed
33-16-1006. Repealed. Sec. 5, Ch. 114, L. 1981. History: En. Sec. 17, Ch. 329, L. 1969; R.C.M. 1947, 40-5617.
33-16-1007. Renumbered 33-16-1011
33-16-1007. Renumbered 33-16-1011. Code Commissioner, 1981.
33-16-1008. Definitions
33-16-1008. Definitions. As used in this part, the following definitions apply: (1) ”Accepted actuarial standards” means the standards adopted by the casualty actuarial society in its Statement of Principles Regarding Property and Casualty Insurance Ratemaking and the Standards of Practice adopted by the actuarial standards board. (2) (a) ”Advisory organization” means a person or organization that either has two […]
33-16-1009. and 33-16-1010 reserved
33-16-1009 and 33-16-1010 reserved.
33-16-1011. Classification review committee — membership — term
33-16-1011. Classification review committee — membership — term. (1) There is a classification review committee. (2) The committee is composed of five voting members, consisting of: (a) two representatives of private insurance carriers writing workers’ compensation insurance in Montana. The members must be appointed by the Montana commissioner of insurance. (b) one licensed independent insurance producer who resides in […]
33-16-1012. Functions and powers of classification review committee — hearings — rulemaking
33-16-1012. Functions and powers of classification review committee — hearings — rulemaking. (1) The classification review committee shall: (a) meet not less than semiannually to conduct its business; (b) make the final determination regarding the establishment or revision of all classifications in accordance with the procedures set forth in Title 2, chapter 4, part 3; (c) publish material and […]
33-16-1013. through 33-16-1019 reserved
33-16-1013 through 33-16-1019 reserved.
33-16-1020. Competitive market — hearing
33-16-1020. Competitive market — hearing. (1) A competitive market is presumed to exist unless the commissioner, after hearing, issues an order stating that a reasonable degree of competition does not exist in the market. The order may not expire later than 1 year after issuance. (2) In determining whether a reasonable degree of competition exists, the commissioner […]
33-16-1021. Ratemaking standards — review by commissioner
33-16-1021. Ratemaking standards — review by commissioner. (1) Rates may not be excessive, inadequate, or unfairly discriminatory. (2) (a) Except as provided in subsection (2)(b), rates in a competitive market are not excessive. Rates in a noncompetitive market are excessive if they are likely to produce a long-run profit that is unreasonably high in relation to services rendered. […]
33-16-1022. Dividends — regulation or prohibition
33-16-1022. Dividends — regulation or prohibition. (1) An advisory organization may not adopt a rule that would regulate or prohibit the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by insurers to their policyholders, members, or subscribers. (2) A plan for the payment of dividends, savings, or unabsorbed premium deposits allowed or returned by […]