Montana has enacted House Bill 114, which, among other provisions, requires that insurers maintain books, documents, and other business records in an order that ensures data regarding complaints, claims, rating, underwriting, and marketing materials are accessible by the commissioner. The data must be maintained for at least 5 years.
Montana
Montana Issues Advisory Memorandum Regarding Defense Within Limits Provisions
Nov 14, 2024 / by AAIS posted in Compliance, Montana
On November 6, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued an Advisory Memorandum regarding defense within limits (DWL) provisions.
Montana Issues New Certification of Compliance for Anti-Stacking Statute
Nov 13, 2024 / by AAIS posted in Compliance, Montana
On November 4, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued an Addendum to Advisory Memorandum regarding a new certification for compliance with § 33-23-203, Mont. Code Ann.
Montana Issues Advisory Memorandum Regarding Certification of Compliance
Oct 1, 2024 / by AAIS posted in Compliance, Montana
On September 9, 2024, the Montana Commissioner of Securities and Insurance (CSI) issued a Supplemental Advisory Memorandumregarding the certification of compliance for all property and casualty statistical reporting filings.
