# Mont. Code Ann. § 33-10-201: 33-10-201 Short title, purpose, and construction

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-201

## Section

- **Citation:** Mont. Code Ann. § 33-10-201
- **Heading:** 33-10-201 Short title, purpose, and construction
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 10 / Part 2 / Section 33-10-201

## Text

33-10-201 . Short title, purpose, and construction. (1) This part may be cited as the "Montana Life and Health Insurance Guaranty Association Act".

(2) The purpose of this part is to protect policyowners, insureds, beneficiaries, annuitants, payees, and assignees of life insurance policies, health insurance policies, annuity contracts, and supplemental contracts, subject to certain limitations, against failure in the performance of contractual obligations due to the impairment or insolvency of the insurer issuing the policies or contracts.

(3) To provide this protection:

(a) an association of insurers is created to enable the guaranty of payment of benefits and of continuation of coverages;

(b) members of the association are subject to assessment to provide funds to carry out the purpose of this part; and

(c) the association is authorized to assist the commissioner, in the prescribed manner, in the detection and prevention of insurer impairments or insolvencies.

(4) This part must be liberally construed to effect the purpose under subsections (2) and (3), which constitute an aid and guide to interpretation.

(5) This part may not be construed to reduce the liability for unpaid assessments of the insureds of an impaired or insolvent insurer operating under a plan with assessment liability.

## Nearby sections

- [Mont. Code Ann. § 33-10-201 33-10-201 Short title, purpose, and construction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-201.md)
- [Mont. Code Ann. § 33-10-202 33-10-202 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-202.md)
- [Mont. Code Ann. § 33-10-203 33-10-203 Creation of association -- accounts -- supervision by commissioner](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-203.md)
- [Mont. Code Ann. § 33-10-204 33-10-204 Board of directors -- commissioner approval -- compensation](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-204.md)
- [Mont. Code Ann. § 33-10-205 33-10-205 Powers and duties of association](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-205.md)
- [Mont. Code Ann. § 33-10-206 33-10-206 Records of meetings and negotiations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-206.md)
- [Mont. Code Ann. § 33-10-207 33-10-207 Immunity](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-207.md)
- [Mont. Code Ann. § 33-10-208 33-10-208 Tax exemptions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-208.md)
- [Mont. Code Ann. § 33-10-209 33-10-209 Examination of the association -- annual report](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-209.md)
- [Mont. Code Ann. § 33-10-210 33-10-210 Unfair trade practice -- notice to policyowners](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-210.md)
- [Mont. Code Ann. § 33-10-215 33-10-215 Duties and powers of commissioner](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-215.md)
- [Mont. Code Ann. § 33-10-216 33-10-216 Plan of operation -- delegation of powers provision](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-216.md)
- [Mont. Code Ann. § 33-10-217 33-10-217 Prevention of insolvencies or impairments](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-217.md)
- [Mont. Code Ann. § 33-10-218 33-10-218 Examination by commissioner -- cost](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-218.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-201. Check the current official text before relying on it. Not legal advice.