{"data":{"id":"us-mt/33-12-205","jurisdiction":"us-mt","citation":"33-12-205","heading":"Equity interests.","body":"(1) Subject to the limitations of 33-12-202, an insurer may acquire equity interests in business entities organized under the laws of any domestic jurisdiction.\n(2) An insurer may not acquire an investment under this section if, as a result of and after giving effect to the investment, the aggregate amount of investments then held by the insurer under this section would exceed 20% of its admitted assets or the amount of equity interests then held by the insurer that are not listed on a qualified exchange would exceed 5% of its admitted assets. An accident and health insurer is subject to this section but is subject to the same aggregate limitation on equity interests as a property and casualty insurer under 33-12-305 and is also subject to the provisions of 33-12-312.\n(3) An insurer may not acquire under the provisions of this section any investments that the insurer may acquire under 33-12-207.\n(4) An insurer may not short sell equity investments unless the insurer covers the short sale by owning the equity investment or an unrestricted right to the equity instrument exercisable within 6 months of the short sale.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 12. INSURER INVESTMENTS","Part 2. Life and Health Insurers"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0120/part_0020/section_0050/0330-0120-0020-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:29Z","sha256":"2b48935e27da77a13fdf83f341df9423e0f25c0b7d9adfe0d438fef154194ea0","source_id":"us-mt","stale":false,"prev":"us-mt/33-12-204","next":"us-mt/33-12-206"},"notice":"GroundRules: Original legal text. Not legal advice."}