33-27-114. Limit on the amount of fund, MCA
  1. MCA Contents
  2. TITLE 33
  3. CHAPTER 27
  4. Part 1
  5. 33-27-114 Limit on the amount of fund

Montana Code Annotated 2019

TITLE 33. INSURANCE AND INSURANCE COMPANIES

CHAPTER 27. INDEPENDENT LIABILITY FUND

Part 1. General Provisions

Limit On The Amount Of Fund

33-27-114. Limit on the amount of fund. The independent liability fund of any small business may not be greater than the larger of the following:

(1) the total of all legally required liability insurance; or

(2) five times the gross sales of the small business in its most recent fiscal year.

History: En. Sec. 7, Ch. 564, L. 1987.