{"data":{"id":"us-mt/33-2-1102","jurisdiction":"us-mt","citation":"33-2-1102","heading":"Authorization of subsidiaries.","body":"Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries engaged in the following kinds of business:\n(1) any kind of insurance business authorized by the jurisdiction in which it is incorporated;\n(2) acting as an insurance broker or as an insurance producer for its parent or for any of its parent's insurer subsidiaries;\n(3) investing, reinvesting, or trading in securities for its own account, that of its parent, any subsidiary of its parent, or any affiliate or subsidiary;\n(4) management of any investment company subject to or registered pursuant to the Investment Company Act of 1940, as amended, including related sales and services;\n(5) acting as a broker-dealer subject to or registered pursuant to the Securities Exchange Act of 1934, as amended;\n(6) rendering investment advice to governments, government agencies, corporations, or other organizations or groups;\n(7) rendering other services related to the operations of an insurance business, including but not limited to actuarial, loss prevention, safety engineering, data processing, accounting, claims, appraisal, and collection services;\n(8) ownership and management of assets which the parent corporation could itself own or manage;\n(9) acting as administrative agent for a governmental instrumentality which is performing an insurance function;\n(10) financing of insurance premiums, insurance producers, and other forms of consumer financing;\n(11) any other business activity determined by the commissioner to be reasonable ancillary to an insurance business;\n(12) owning a corporation or corporations engaged or organized to engage exclusively in one or more of the businesses specified in this section.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 2. REGULATION OF INSURANCE COMPANIES","Part 11. Affiliation and Merger -- Holding Company Systems -- Own Risk and Solvency Assessment"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0020/part_0110/section_0020/0330-0020-0110-0020.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:15Z","sha256":"7f9f469727f3e21187065c134574e3d2c2d58a00238adf09c62c752887d96290","source_id":"us-mt","stale":false,"prev":"us-mt/33-2-1101","next":"us-mt/33-2-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}