# Mont. Code Ann. § 33-20-802: 33-20-802 Purpose -- scope

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-802

## Section

- **Citation:** Mont. Code Ann. § 33-20-802
- **Heading:** 33-20-802 Purpose -- scope
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 20 / Part 8 / Section 33-20-802

## Text

33-20-802 . Purpose -- scope. (1) The purpose of this part is to require producers to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise recommendations so that the insurance needs and financial objectives of consumers at the time of the transaction are effectively addressed.

(2) This part applies to any sale or recommendation of an annuity.

(3) Nothing in this part may be construed to create or imply a private cause of action for a violation of this part or to subject a producer to civil liability under the best interest standard of care outlined in 33-20-805 or under standards governing the conduct of a fiduciary or a fiduciary relationship.

## Nearby sections

- [Mont. Code Ann. § 33-20-801 33-20-801 Short title](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-801.md)
- [Mont. Code Ann. § 33-20-802 33-20-802 Purpose -- scope](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-802.md)
- [Mont. Code Ann. § 33-20-803 33-20-803 Exemptions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-803.md)
- [Mont. Code Ann. § 33-20-804 33-20-804 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-804.md)
- [Mont. Code Ann. § 33-20-805 33-20-805 Duties of insurers and producers-- best interest obligations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-805.md)
- [Mont. Code Ann. § 33-20-806 33-20-806 Compliance mitigation -- penalties -- enforcement](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-806.md)
- [Mont. Code Ann. § 33-20-807 33-20-807 Producer training](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-807.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C20_P8_S33-20-802. Check the current official text before relying on it. Not legal advice.