Montana § 33-20-605 - Requirements For Doing Business
Full text of Montana Montana Code Annotated § 33-20-605 — Requirements For Doing Business, with citation guidance and answers to common questions.
§ 33-20-605. Requirements For Doing Business
Requirements for doing business. (1) No insurer may deliver or issue for delivery within this state a variable contract unless the insurer is authorized to transact life insurance or annuity business in this state and the commissioner is satisfied that its condition or method of operation in connection with the issuance of variable contracts will not render its operation hazardous to the public or its policyholders in this state. In making such a determination, the commissioner must consider, among other things: (a) the history and financial condition of the insurer; (b) the character, responsibility, and fitness of the officers and directors of the insurer; and (c) the laws and regulations under which the insurer is authorized in the state of domicile to issue variable contracts. For this purpose, the state of entry of an alien insurer is its place of domicile. (2) The commissioner may consider an insurer to have met the provisions of this section if: (a) the insurer is a subsidiary of an authorized life insurer or is affiliated with an authorized life insurer through common management or ownership; and (b) either it, the parent, or the affiliated insurer meets the requirements of this section.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-20-605
What does Montana Code Annotated § 33-20-605 cover?
Section 33-20-605 ("Requirements For Doing Business") 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 § 33-20-605?
A common citation format is "Montana Code Annotated § 33-20-605" (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 § 33-20-605 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.