# Mont. Code Ann. § 33-28-109: 33-28-109 Suspension or revocation of certificate of authority

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-109

## Section

- **Citation:** Mont. Code Ann. § 33-28-109
- **Heading:** 33-28-109 Suspension or revocation of certificate of authority
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 28 / Part 1 / Section 33-28-109

## Text

33-28-109 . Suspension or revocation of certificate of authority. (1) The certificate of authority of a captive insurance company doing insurance business in this state may be suspended by the commissioner for any of the following reasons:

(a) insolvency or impairment of capital or surplus;

(b) failure to meet and maintain the requirements of 33-28-104 ;

(c) refusal or failure to submit an annual report, as required by 33-28-107 , or any other report or statement required by law or by lawful order of the commissioner;

(d) failure to comply with the provisions of its own charter, bylaws, or other organizational document;

(e) failure to submit to examination or to perform any legal obligation as required by 33-28-108 ;

(f) use of methods that, although not otherwise specifically prohibited by law, nevertheless render its operation detrimental or its condition unsound with respect to the public or to its policyholders;

(g) failure to pay the tax provided for in 33-28-201 ; or

(h) failure otherwise to comply with the laws of this state.

(2) If the commissioner finds, upon examination, hearing, or other evidence, that any captive insurance company has committed any of the acts specified in subsection (1), the commissioner may suspend or revoke the company's certificate of authority if the commissioner considers it in the best interest of the public or the policyholders of the captive insurance company.

(3) If the certificate of authority has not been terminated within the period of suspension, the company's certificate of authority may be reinstated if the commissioner finds that the causes of the suspension have been removed or that the insurer is otherwise in compliance with the requirements of this code.

## Nearby sections

- [Mont. Code Ann. § 33-28-101 33-28-101 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-101.md)
- [Mont. Code Ann. § 33-28-102 33-28-102 Certificates of authority -- lines of business -- definition](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-102.md)
- [Mont. Code Ann. § 33-28-103 33-28-103 Names of captive insurance companies](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-103.md)
- [Mont. Code Ann. § 33-28-104 33-28-104 Minimum capital surplus -- letter of credit](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-104.md)
- [Mont. Code Ann. § 33-28-105 33-28-105 Formation of captive insurance companies](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-105.md)
- [Mont. Code Ann. § 33-28-106 33-28-106 Dividends](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-106.md)
- [Mont. Code Ann. § 33-28-107 33-28-107 Reports and statements](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-107.md)
- [Mont. Code Ann. § 33-28-108 33-28-108 Examinations and investigations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-108.md)
- [Mont. Code Ann. § 33-28-109 33-28-109 Suspension or revocation of certificate of authority](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-109.md)
- [Mont. Code Ann. § 33-28-110 33-28-110 Excess workers' compensation insurance -- reinsurance of self-insured plans](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-110.md)
- [Mont. Code Ann. § 33-28-111 33-28-111 Captive mergers](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-111.md)
- [Mont. Code Ann. § 33-28-120 33-28-120 Captive insurance regulatory and supervision account](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-120.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C28_P1_S33-28-109. Check the current official text before relying on it. Not legal advice.