Montana § 33-5-403 - Financial Condition -- Method Of Determining
Full text of Montana Montana Code Annotated § 33-5-403 — Financial Condition -- Method Of Determining, with citation guidance and answers to common questions.
§ 33-5-403. Financial Condition -- Method Of Determining
Financial condition -- method of determining. In determining the financial condition of a reciprocal insurer the commissioner shall apply the following rules: (1) The commissioner shall charge as liabilities the same reserves that are required of incorporated insurers issuing nonassessable policies on a reserve basis. (2) The surplus deposits of subscribers must be allowed as assets, except that any premium deposits delinquent for 90 days must first be charged against the surplus deposit. (3) The surplus deposits of subscribers may not be charged as a liability. (4) All premium deposits that are delinquent for less than 90 days must be allowed as assets. (5) An assessment levied upon subscribers and not collected may not be allowed as an asset. (6) The contingent liability of subscribers may not be allowed as an asset. (7) The computation of reserves must be based upon premium deposits other than membership fees and without any deduction for expenses and the compensation of the attorney.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 33-5-403
What does Montana Code Annotated § 33-5-403 cover?
Section 33-5-403 ("Financial Condition -- Method Of Determining") 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 § 33-5-403?
A common citation format is "Montana Code Annotated § 33-5-403" (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 § 33-5-403 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.