{"data":{"id":"us-mt/33-20-1304","jurisdiction":"us-mt","citation":"33-20-1304","heading":"Issuance of license.","body":"(1) The commissioner may issue a license to the applicant if the commissioner determines that the applicant:\n(a) has satisfied all of the requirements for the license for which an application is made;\n(b) has not engaged in conduct that would authorize the commissioner to refuse to issue a license under this part; and\n(c) is financially responsible and has a good business reputation.\n(2) If the commissioner denies an application, the commissioner shall inform the applicant and state the grounds for the denial.\n(3) An individual may act as a viatical settlement provider or viatical settlement broker under the authority of the license of a firm or of a corporate viatical settlement provider whether or not the individual holds a license as a viatical settlement provider if:\n(a) the individual is a member or employee of the firm or is an employee, officer, or director of the corporation; and\n(b) the individual is designated by the firm or corporation on its license application or on a form that amends or supplements the application as being authorized to act as a viatical settlement provider under the authority of the license.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 20. LIFE INSURANCE","Part 13. Viatical Settlements"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0200/part_0130/section_0040/0330-0200-0130-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:41Z","sha256":"8a45353d8f8607333d8cf4a72356cd793e09b024e72993ebdc4a75e7dcfcacef","source_id":"us-mt","stale":false,"prev":"us-mt/33-20-1303","next":"us-mt/33-20-1305"},"notice":"GroundRules: Original legal text. Not legal advice."}