Montana § 33-22-1302 - Reinsurance Association -- Mandatory Membership -- Exceptions

§ 33-22-1302. Reinsurance Association -- Mandatory Membership -- Exceptions

Reinsurance association -- mandatory membership -- exceptions. (1) The Montana reinsurance association is established as a nonprofit legal entity. As a condition of doing business, an insurer that has issued or renewed disability insurance, as defined in 33-1-207 , regardless of license type, in this state in the past 12 months must be a member of the association. (2) Disability insurers are exempt from the requirement to be association members and are not subject to the assessment in 33-22-1313 if the insurers solely issue or administer one or more of the following coverage types under the Montana Insurance Code: (a) self-funded multiple employer welfare arrangements licensed under chapter 35; (b) disability insurance sold through a fraternal benefit society as described in chapter 7; (c) excepted benefits as defined in 33-22-140 ; (d) long-term care insurance as described in chapter 22, part 11; or (e) disability income insurance as defined in 33-1-235 .