Admin. R. Mont. 4.4.313 – Losses Exceeding the Premium for That Year | Midpage
Rule 4.4.313
Admin. R. Mont. 4.4.313
Losses Exceeding the Premium for That Year
Effective Mar 12, 2004Authorizing statute(s): 80-2-201, MCA; Implementing statute(s): 80-2-244 and 80-7-907, MCAState of Montana
(1) If the losses for any year exceed the premiums for that year plus the reserve fund, if any, then the payment on losses shall be prorated share-and-share-alike among all suffering loss by hail.
Authorizing statute(s): 80-2-201, MCA
Implementing statute(s): 80-2-244 and 80-7-907, MCA
History: NEW, 1978 MAR p. 719, Eff. 5/26/78; AMD, 2004 MAR p. 565, Eff. 3/12/04.