Current through the 2023 Regular Session
Section 33-22-1302 - Reinsurance association - mandatory membership - exceptions(1) The Montana reinsurance association is established as a nonprofit legal entity. As a condition of doing business, an insurer that has issued or renewed disability insurance, as defined in 33-1-207, regardless of license type, in this state in the past 12 months must be a member of the association.(2) Disability insurers are exempt from the requirement to be association members and are not subject to the assessment in 33-22-1313 if the insurers solely issue or administer one or more of the following coverage types under the Montana Insurance Code: (a) self-funded multiple employer welfare arrangements licensed under chapter 35;(b) disability insurance sold through a fraternal benefit society as described in chapter 7;(c) excepted benefits as defined in 33-22-140;(d) long-term care insurance as described in chapter 22, part 11; or(e) disability income insurance as defined in 33-1-235.Added by Laws 2019, Ch. 471,Sec. 2, eff. 4/30/2019, and applicable retroactively, within the meaning of 1-2-109, to premiums collected from health insurers on or after January 1, 2019.