Surplus funds required
A domestic farm mutual insurer is authorized to transact insurance if it is otherwise in compliance with the applicable provisions of this chapter and if it maintains surplus funds as follows:
(1) if a state mutual insurer or a county mutual insurer that has changed its status to that of a state mutual insurer pursuant to the provisions of 33-4-204, surplus of not less than $200,000; or
(2) if a county mutual insurer, surplus of not less than $50,000.
| EnactedEn. SectionSec. 482, ChapterCh. 286, Laws ofL. 1959 |
| Revised Codes of MontanaR.C.M. 1947, 40-4815 |
| AmendedAmd. SectionSec. 3, ChapterCh. 228, Laws ofL. 2001 (HB 537 - Sliter, Paul (R) HD 76) |