Admin. R. Mont. 6.6.4025 – Insurer Documentation Requirements | Midpage

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Administrative Rules of Montana

Subchapter 6.6.40

Rule 6.6.4025

Admin. R. Mont. 6.6.4025

Insurer Documentation Requirements

Effective Jul 15, 2011Authorizing statute(s): 33-1-313, 33-12-111, MCA; Implementing statute(s): 33-12-210, 33-12-310, MCAState of Montana

(1) An insurer shall maintain documents and records relating to each derivative transaction, including:
1. (a) the purpose of the transaction;
2. (b) the assets or liabilities to which the transaction relates;
3. (c) the specific derivative instrument used in the transaction;
4. (d) for over-the-counter derivative instrument transactions, the name of the counterparty and the market value; and
5. (e) for exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade and the market value.

Authorizing statute(s): 33-1-313, 33-12-111, MCA

Implementing statute(s): 33-12-210, 33-12-310, MCA

History: NEW, 2011 MAR p.1303, Eff. 7/15/11.