Montana § 39-71-2201 - Election To Be Bound By Plan -- Captive Reciprocal Insurers
Full text of Montana Montana Code Annotated § 39-71-2201 — Election To Be Bound By Plan -- Captive Reciprocal Insurers, with citation guidance and answers to common questions.
§ 39-71-2201. Election To Be Bound By Plan -- Captive Reciprocal Insurers
Election to be bound by plan -- captive reciprocal insurers. (1) Any employer except those specified in 39-71-403 may, by filing an election to become bound by compensation plan No. 2, insure the employer's liability to pay the compensation and benefits provided by this chapter with any insurance company authorized to transact such business in this state. (2) Any employer electing to become bound by compensation plan No. 2 shall make the election on the form and in the manner prescribed by the department. (3) A captive reciprocal insurer established by or on behalf of an employer or a group of employers is considered to be a compensation plan No. 2 insurer. Pursuant to 33-28-205 , a captive reciprocal insurer may not be a member of an insurance guaranty association or guaranty fund.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 39-71-2201
What does Montana Code Annotated § 39-71-2201 cover?
Section 39-71-2201 ("Election To Be Bound By Plan -- Captive Reciprocal Insurers") 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 § 39-71-2201?
A common citation format is "Montana Code Annotated § 39-71-2201" (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 § 39-71-2201 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.