1. MCA Contents
  2. TITLE 33
  3. CHAPTER 1
  4. Part 3
  5. 33-1-305 Conflicts of interest prohibited

Montana Code Annotated 2023

TITLE 33. INSURANCE AND INSURANCE COMPANIES

CHAPTER 1. ADMINISTRATION AND GENERAL PROVISIONS

Part 3. Commissioner and Department General Powers and Duties

Conflicts Of Interest Prohibited

33-1-305. Conflicts of interest prohibited. The commissioner or any deputy, examiner, assistant, or employee of the commissioner:

(1) may not be financially interested, directly or indirectly, in any insurer, insurance agency, or insurance transaction except as a policyholder or claimant under a policy; and

(2) is subject to the ethics provisions in Title 2, chapter 2.

History: En. Sec. 24, Ch. 286, L. 1959; R.C.M. 1947, 40-2705(part); amd. Sec. 1, Ch. 62, L. 2019.