{"data":{"id":"us-mt/33-20-806","jurisdiction":"us-mt","citation":"33-20-806","heading":"Compliance mitigation -- penalties -- enforcement.","body":"(1) An insurer is responsible for compliance with this part. If a violation occurs, either because of the action or inaction of the insurer or its producer, the commissioner may order:\n(a) an insurer or insurance producer to take reasonably appropriate corrective action for any consumer harmed by a failure to comply with this part by the insurer, an entity contracted to perform the insurer's supervisory duties, or the producer; or\n(b) a general agency, independent agency, or the producer to take reasonably appropriate corrective action for any consumer harmed by the producer's violation of this part; and\n(c) appropriate penalties and sanctions.\n(2) A violation of this part is an unfair trade practice under Title 33, chapter 18. Fines may be imposed pursuant to 33-1-317.\n(3) Any applicable penalty for a violation of this part may be reduced or eliminated if corrective action for the consumer was taken promptly after a violation was discovered or the violation was not part of a pattern or practice.\n(4) The authority to enforce compliance with this part is vested exclusively with the commissioner.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 20. LIFE INSURANCE","Part 8. Suitability in Annuity Transactions"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0200/part_0080/section_0060/0330-0200-0080-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:40Z","sha256":"77125fef5cc086373a190afbe8a5a749183a736b6bf9f65572bc7d9a8eafc3e1","source_id":"us-mt","stale":false,"prev":"us-mt/33-20-805","next":"us-mt/33-20-807"},"notice":"GroundRules: Original legal text. Not legal advice."}