# Mont. Code Ann. § 33-10-203: 33-10-203 Creation of association -- accounts -- supervision by commissioner

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C10_P2_S33-10-203

## Section

- **Citation:** Mont. Code Ann. § 33-10-203
- **Heading:** 33-10-203 Creation of association -- accounts -- supervision by commissioner
- **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 33-10-203

## Text

33-10-203 . Creation of association -- accounts -- supervision by commissioner. (1) There is created a nonprofit legal entity to be known as the Montana life and health insurance guaranty association. A member insurer must be and remain a member of the association as a condition of the member's authority to transact insurance in this state. The association shall perform functions under the plan of operation established and approved under 33-10-216 and shall exercise powers through a board of directors established under 33-10-204 .

(2) For purposes of administration and assessment, the association shall maintain two accounts:

(a) the health insurance account; and

(b) the life insurance and annuity account that includes the following subaccounts:

(i) the life insurance account;

(ii) the annuity account that includes contracts owned by a governmental retirement plan or the plan's trustee established under section 401, 403(b), or 457 of the Internal Revenue Code, but does not otherwise include unallocated annuities; and

(iii) the unallocated annuity account that must exclude unallocated annuity contracts owned by a governmental retirement benefit plan or the plan's trustee established under section 401, 403(b), or 457 of the Internal Revenue Code.

(3) The association is under the immediate supervision of the commissioner and is subject to the applicable provisions of the insurance laws of this state.

## 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_S33-10-203. Check the current official text before relying on it. Not legal advice.