15-24-602. Determining insurance company taxable property. In computing the taxable property of insurance companies organized under the laws of Montana, there must be deducted:
     (1) the value of the real property on which the company pays taxes, if the real estate is assessed to the company as other real estate;
     (2) the legal reserve required by the laws of Montana or by the insurance department of Montana for the protection of policyholders;
     (3) all assets not admitted as such by the state or by the insurance department of Montana;
     (4) debts and liabilities that are due or owing by the company; and
     (5) the value of a title plant owned by a title insurer or a title insurance producer, as those terms are defined in 33-25-105.

     History: En. Sec. 2, Ch. 64, L. 1915; re-en. Sec. 2112, R.C.M. 1921; re-en. Sec. 2112, R.C.M. 1935; R.C.M. 1947, 84-5102; amd. Sec. 2, Ch. 617, L. 1989; amd. Sec. 28, Ch. 51, L. 1999.