Montana § 33-2-1515 - Penalties
Full text of Montana Montana Code Annotated § 33-2-1515 — Penalties, with citation guidance and answers to common questions.
§ 33-2-1515. Penalties
Penalties. (1) (a) If the commissioner believes that a controlling producer or any other person has not materially complied with 33-2-1509 through 33-2-1514 or any regulation or order promulgated under 33-2-1509 through 33-2-1514 , the commissioner, after notice and opportunity to be heard, may order the controlling producer to cease placing business with the controlled insurer. (b) If it is found that because of the material noncompliance with 33-2-1509 through 33-2-1514 , the controlled insurer or any policyholder of the controlled insurer has suffered any loss or damage, the commissioner may maintain a civil action or intervene in an action brought by or on behalf of the controlled insurer or policyholder for recovery of compensatory damages for the benefit of the controlled insurer or policyholder or other appropriate relief. (2) The receiver may maintain a civil action for recovery of damages or other appropriate sanctions for the benefit of the insurer if: (a) an order for liquidation or rehabilitation of the controlled insurer has been entered pursuant to Title 33, chapter 2, part 13; (b) the receiver appointed under that order believes that the controlling producer or any other person has not materially complied with 33-2-1509 through 33-2-1514 or any regulation or order promulgated under 33-2-1509 through 33-2-1514 ; and (c) the controlled insurer suffered any loss or damage from the noncompliance. (3) This section does not affect the right of the commissioner to impose any other penalties provided for in this title. (4) This section may not be construed to alter or affect the rights of policyholders, claimants, creditors, or other third parties.
Frequently Asked Questions About Montana § 33-2-1515
What does Montana Code Annotated § 33-2-1515 cover?
Section 33-2-1515 ("Penalties") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 33-2-1515?
A common citation format is "Montana Code Annotated § 33-2-1515" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 33-2-1515 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.