1. MCA Contents
  2. TITLE 33
  3. CHAPTER 2
  4. Part 5
  5. 33-2-516 Inadequate reserves -- increase required

TITLE 33. INSURANCE AND INSURANCE COMPANIES

CHAPTER 2. REGULATION OF INSURANCE COMPANIES

Part 5. Assets and Liabilities -- Reserves

Inadequate Reserves -- Increase Required

33-2-516. Inadequate reserves -- increase required. If loss experience shows that an insurer's loss reserves, however computed or estimated, are inadequate, the commissioner shall require the insurer to maintain loss reserves in such increased amount as is needed to make them adequate.

History: En. Sec. 90, Ch. 286, L. 1959; R.C.M. 1947, 40-3009.