{"data":{"id":"us-mt/33-2-305","jurisdiction":"us-mt","citation":"33-2-305","heading":"Licensing of surplus lines insurance producer -- license fee.","body":"(1) If Montana is the home state of the insured, the person placing a contract of surplus lines insurance with an unauthorized insurer must possess a current surplus lines insurance producer's license issued by the commissioner.\n(2) The commissioner shall issue licenses to persons to act as surplus lines insurance producers on either a resident or nonresident basis. To be eligible for a resident surplus lines insurance producer license, the person must hold a current property and casualty insurance producer license.\n(3) Persons applying for a resident surplus lines insurance producer license shall:\n(a) remit to the commissioner the fee prescribed by 33-2-708; and\n(b) submit to the commissioner a completed license application in a form and manner approved by the commissioner.\n(4) Persons applying for a nonresident surplus lines insurance producer license shall comply with 33-17-401.\n(5) The licensee shall renew the license on a form prescribed by the commissioner. The commissioner may establish rules for biennial renewal of the license. A license lapses if not renewed.\n(6) A business entity is eligible to be licensed as a surplus lines insurance producer if:\n(a) the business entity license lists the individuals within the business entity who have satisfied the requirements of this part to become surplus lines insurance producers; and\n(b) only those individuals listed on the business entity license transact surplus lines insurance.\n(7) This section may not be construed to require agents, producers, or brokers acting as intermediaries between a surplus lines insurance producer and an unauthorized insurer under this part to hold a valid Montana surplus lines insurance producer's license.\n(8) This section may not be construed to require a surplus lines insurance producer license for independently procured insurance.\n(9) The commissioner may participate in the national association of insurance commissioners' producer licensing database regarding surplus lines insurance producer licensing.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 2. REGULATION OF INSURANCE COMPANIES","Part 3. Authorization of Surplus Lines Insurers, Insurance Producers, and Insurance"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0020/part_0030/section_0050/0330-0020-0030-0050.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:11Z","sha256":"d6c6cb88a3f77f52c1e2197a91843560b0eae0ae80fb311cfaaa8322c8b8a832","source_id":"us-mt","stale":false,"prev":"us-mt/33-2-304","next":"us-mt/33-2-306"},"notice":"GroundRules: Original legal text. Not legal advice."}