{"data":{"id":"us-mt/33-2-1704","jurisdiction":"us-mt","citation":"33-2-1704","heading":"Duties of insurers utilizing the services of a reinsurance intermediary-broker.","body":"(1) An insurer may not engage the services of any person, firm, association, or corporation to act as a reinsurance intermediary-broker on its behalf unless the person is licensed as required by 33-2-1701.\n(2) An insurer may not employ an individual who is employed by a reinsurance intermediary-broker with which it transacts business unless the reinsurance intermediary-broker is under common control with the insurer and is subject to the provisions of Title 33, chapter 2, part 11.\n(3) The insurer shall annually obtain a copy of statements of the financial condition of each reinsurance intermediary-broker with which it transacts business.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 2. REGULATION OF INSURANCE COMPANIES","Part 17. Regulation of Reinsurance Intermediaries"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0020/part_0170/section_0040/0330-0020-0170-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:18Z","sha256":"d346acc22c315071e47143a2207eb8122ab69ebda600f43005510748d2154b0e","source_id":"us-mt","stale":false,"prev":"us-mt/33-2-1703","next":"us-mt/33-2-1705"},"notice":"GroundRules: Original legal text. Not legal advice."}