{"data":{"id":"us-mt/33-2-1601","jurisdiction":"us-mt","citation":"33-2-1601","heading":"Licensure of managing general agent.","body":"(1) A person, firm, association, or corporation may not act in the capacity of a managing general agent with respect to risks located in this state for an insurer licensed in this state unless the person is a licensed producer in this state.\n(2) A person, firm, association, or corporation may not act in the capacity of a managing general agent representing an insurer domiciled in this state with respect to risks located outside this state unless the person is licensed as a resident or nonresident producer in this state pursuant to the provisions of this part.\n(3) The commissioner may require a bond in an amount acceptable to the commissioner for the protection of the insurer.\n(4) The commissioner may require the managing general agent to maintain a policy on errors and omissions.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 2. REGULATION OF INSURANCE COMPANIES","Part 16. Regulation of Managing General Agents"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0020/part_0160/section_0010/0330-0020-0160-0010.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:18Z","sha256":"7e0969ff262db2a4fbdd6917f039256849fc3f6ed2d04102092b027891a2202c","source_id":"us-mt","stale":false,"prev":"us-mt/33-2-1517","next":"us-mt/33-2-1602"},"notice":"GroundRules: Original legal text. Not legal advice."}