Clickable Image


     39-71-325. Claim summary and actuarial documentation for impaired insurer. (1) An insurer becomes impaired if the insurer:
     (a) becomes insolvent;
     (b) is placed in receivership or administration;
     (c) declares bankruptcy; or
     (d) seeks protection from its creditors.
     (2) An impaired insurer shall, within 30 days of the insurer becoming impaired, furnish the department with a claim summary and actuary information relevant to each claim for which the insurer may have future liability.

     History: En. Sec. 14, Ch. 117, L. 2007.

Previous Section MCA Contents Part Contents Search Help Next Section