# Mont. Code Ann. § 33-2-1102: 33-2-1102 Authorization of subsidiaries

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1102

## Section

- **Citation:** Mont. Code Ann. § 33-2-1102
- **Heading:** 33-2-1102 Authorization of subsidiaries
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 33 / Chapter 2 / Part 11 / Section 33-2-1102

## Text

33-2-1102 . Authorization of subsidiaries. Any domestic insurer, either by itself or in cooperation with one or more persons, may organize or acquire one or more subsidiaries engaged in the following kinds of business:

(1) any kind of insurance business authorized by the jurisdiction in which it is incorporated;

(2) acting as an insurance broker or as an insurance producer for its parent or for any of its parent's insurer subsidiaries;

(3) investing, reinvesting, or trading in securities for its own account, that of its parent, any subsidiary of its parent, or any affiliate or subsidiary;

(4) management of any investment company subject to or registered pursuant to the Investment Company Act of 1940, as amended, including related sales and services;

(5) acting as a broker-dealer subject to or registered pursuant to the Securities Exchange Act of 1934, as amended;

(6) rendering investment advice to governments, government agencies, corporations, or other organizations or groups;

(7) rendering other services related to the operations of an insurance business, including but not limited to actuarial, loss prevention, safety engineering, data processing, accounting, claims, appraisal, and collection services;

(8) ownership and management of assets which the parent corporation could itself own or manage;

(9) acting as administrative agent for a governmental instrumentality which is performing an insurance function;

(10) financing of insurance premiums, insurance producers, and other forms of consumer financing;

(11) any other business activity determined by the commissioner to be reasonable ancillary to an insurance business;

(12) owning a corporation or corporations engaged or organized to engage exclusively in one or more of the businesses specified in this section.

## Nearby sections

- [Mont. Code Ann. § 33-2-1101 33-2-1101 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1101.md)
- [Mont. Code Ann. § 33-2-1102 33-2-1102 Authorization of subsidiaries](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1102.md)
- [Mont. Code Ann. § 33-2-1103 33-2-1103 Additional investment authority -- exemption from other investment restrictions -- determination of qualification -- divestiture](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1103.md)
- [Mont. Code Ann. § 33-2-1104 33-2-1104 Acquisition or divestiture of control of or merger with domestic insurer -- filing requisites](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1104.md)
- [Mont. Code Ann. § 33-2-1105 33-2-1105 Approval by commissioner -- hearings -- notice](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1105.md)
- [Mont. Code Ann. § 33-2-1106 33-2-1106 Exemptions -- violations -- jurisdiction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1106.md)
- [Mont. Code Ann. § 33-2-1111 33-2-1111 Registration of insurers -- requisites -- termination](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1111.md)
- [Mont. Code Ann. § 33-2-1112 33-2-1112 Exemptions -- disclaimer -- violations](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1112.md)
- [Mont. Code Ann. § 33-2-1113 33-2-1113 Transactions with affiliates -- standards](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1113.md)
- [Mont. Code Ann. § 33-2-1114 33-2-1114 Dividends and other distributions -- commissioner approval](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1114.md)
- [Mont. Code Ann. § 33-2-1115 33-2-1115 Examination](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1115.md)
- [Mont. Code Ann. § 33-2-1116 33-2-1116 Confidentiality of information](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1116.md)
- [Mont. Code Ann. § 33-2-1117 33-2-1117 Rules](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1117.md)
- [Mont. Code Ann. § 33-2-1118 33-2-1118 Injunctions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1118.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T33_C2_P11_S33-2-1102. Check the current official text before relying on it. Not legal advice.