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§ 33-2-516 — Montana Law | CourtGPT
  1. Home/
  2. Laws/
  3. Montana/
  4. Title 33 - Insurance and Insurance Companies/
  5. Chapter 2 - Regulation of Insurance Companies/
  6. Part 5 - Assets and Liabilities -- Reserves33-2-501. Assets Allowed/
  7. § 33-2-516
Montana Legal Code

§ 33-2-516

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33-2-516. Inadequate reserves -- increase required. If loss experience shows that an insurer's loss reserves, however computed or estimated, are inadequate, the commissioner shall require the insurer to maintain loss reserves in such increased amount as is needed to make them adequate. History: En. Sec. 90, Ch. 286, L. 1959; R.C.M. 1947, 40-3009.

Source: https://mca.legmt.gov/bills/mca/title_0330/chapter_0020/part_0050/section_0160/0330-0020-0050-0160.html· Version 2025