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Rule Title: ORGANIZATIONAL EXAMINATION
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Department: STATE AUDITOR
Chapter: INSURANCE DEPARTMENT
Subchapter: Formation and Regulation of Captive Insurance Companies
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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6.6.6803    ORGANIZATIONAL EXAMINATION

(1) In addition to processing the application, the commissioner may perform an organizational investigation or examination before an applicant is licensed as a captive insurance company. This investigation or examination may consist of a general survey of the applicant's corporate records, including but not limited to:

(a) its charter, bylaws and minute books;

(b) verification of capital and surplus;

(c) verification of principal place of business;

(d) determination of assets and liabilities; and

(e) a review of such other factors, as the commissioner deems necessary.

History: 33-28-206, MCA; IMP, 33-28-102, MCA; NEW, 2002 MAR p. 171, Eff. 2/1/02.


 

 
MAR Notices Effective From Effective To History Notes
2/1/2002 Current History: 33-28-206, MCA; IMP, 33-28-102, MCA; NEW, 2002 MAR p. 171, Eff. 2/1/02.
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