Montana Code Annotated 1995

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     33-2-851. Special investments by title insurer. (1) In addition to other investments eligible under this part, a title insurer may invest and have invested an amount not exceeding 50% of its paid-in capital stock in its title plant, as defined in 33-25-105, and equipment and, with the commissioner's consent, in stock of abstract companies and of title insurance producers as defined in 33-25-105.
     (2) Investments authorized by this section shall not be credited against the insurer's required unearned premium or guaranty fund reserve provided for under 33-2-517.
     (3) Any such title plant and equipment shall not be so allowed as an asset in any determination of the insurer's financial condition at a value greater than actual cost.

     History: En. Sec. 129, Ch. 286, L. 1959; R.C.M. 1947, 40-3132; amd. Sec. 17, Ch. 519, L. 1985; amd. Sec. 3, Ch. 713, L. 1989.

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