Montana § 33-3-307 - Bonding Of Officers And Employees
Full text of Montana Montana Code Annotated § 33-3-307 — Bonding Of Officers And Employees, with citation guidance and answers to common questions.
§ 33-3-307. Bonding Of Officers And Employees
Bonding of officers and employees. (1) When acting in a fiduciary capacity, officers and employees of each mutual insurer or stock insurer shall maintain a fidelity bond issued by an authorized corporate surety in favor of the insurer. The commissioner shall consider the insurer's exposure, total assets, and total income in determining the bond amount. In lieu of individual bonds, officers and employees may be covered under a blanket bond for the same respective amounts. The insurer shall file the blanket bond with the commissioner. (2) The insurer shall pay the premium for the bond. (3) A bond is not subject to cancellation except upon written notice to both the insurer and the commissioner, delivered not less than 30 days in advance of the effective date of the cancellation. (4) This section may not be considered to limit the amount of bonded protection that the insurer may carry as to any officer or employee. (5) The commissioner may adopt rules to determine the bond amount for officers and employees who are subject to the provisions of this section.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-3-307
What does Montana Code Annotated § 33-3-307 cover?
Section 33-3-307 ("Bonding Of Officers And Employees") 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 § 33-3-307?
A common citation format is "Montana Code Annotated § 33-3-307" (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 § 33-3-307 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.