Rule 6.6.3815

Admin. R. Mont. 6.6.3815

Credit for Unencumbered Funds

Effective Jan 1, 2018Authorizing statute(s): 33-1-313, 33-2-1517, MCA; Implementing statute(s): 33-2-1216, 33-2-1217, MCAState of Montana

(1) A ceding insurer may take credit for unencumbered funds withheld by the ceding insurer in the United States subject to withdrawal solely by the ceding insurer and under its exclusive control.

Authorizing statute(s): 33-1-313, 33-2-1517, MCA

Implementing statute(s): 33-2-1216, 33-2-1217, MCA

History: NEW, 2017 MAR p. 2432, Eff. 1/1/18.