{"data":{"id":"us-mt/33-22-1816","jurisdiction":"us-mt","citation":"33-22-1816","heading":"Commissioner powers and duties -- application for registration -- reporting insolvency.","body":"(1) The commissioner shall develop forms for registration of an organization as a voluntary purchasing pool.\n(2) An organization seeking to be registered as a voluntary purchasing pool shall make application to the commissioner. The commissioner shall register an organization as a voluntary purchasing pool upon proof of fulfillment of the qualifications provided in 33-22-1815.\n(3) Except as provided in subsection (5), on March 1 of each year, the voluntary purchasing pool shall provide a report and financial statement for the previous calendar year to the commissioner so that the commissioner may determine:\n(a) whether the operation of the voluntary purchasing pool is fiscally sound;\n(b) whether the voluntary purchasing pool is bearing any risk; and\n(c) the number of individuals covered.\n(4) The annual report of the voluntary purchasing pool must disclose its total administrative cost.\n(5) A voluntary purchasing pool may choose to operate on a fiscal year other than on the calendar year. A voluntary purchasing pool that establishes a fiscal year that is other than the calendar year shall provide the report required in subsection (3) to the commissioner within 60 days of the voluntary purchasing pool's fiscal yearend.","path":["TITLE 33. INSURANCE AND INSURANCE COMPANIES","CHAPTER 22. DISABILITY INSURANCE","Part 18. Small Employer Health Insurance Availability Act"],"source_url":"https://mca.legmt.gov/bills/mca/title_0330/chapter_0220/part_0180/section_0160/0330-0220-0180-0160.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:52:49Z","sha256":"ee1562c0e822c93182fde802770b987e0be6d985e9a725ddce5d1566c24bd52a","source_id":"us-mt","stale":false,"prev":"us-mt/33-22-1815","next":"us-mt/33-22-1817"},"notice":"GroundRules: Original legal text. Not legal advice."}